Enterprise Video Industry Growth, Trends, Key Vendors, Segmentation, Regional Overview and Forecast 2027 | COVID-19 Effects
Market Highlights
The enterprise video market size will contact USD 31 billion at a 13% CAGR between 2016-2022, according to the Market Research Future (MRFR) investigation. Enterprise video stage is much the same as content administration frameworks having restrictive substance, primarily videos for inner ignition of enterprise individuals. This is essentially a correspondence center for the overall population, partners, accomplices, sellers, and workers. Inferable from its charming highlights and advantages it has wide applications in corporate picking up, preparing and advancement, and others.
Different elements are impelling the global enterprise video market development. According to the MRFR report, such factors incorporate developing reception of cloud technology, interest for video as a gadget to further develop affiliation and correspondence across enterprises, rising web infiltration, prospering interest for video real time, developing requirement for associations to diminish functional costs, and utilized as a compelling instrument by marketers. The COVID-19 pandemic emphatically affected the market for the developing pattern of remote filling in just as cooperative methodology that has prompted the interest for content administration and video conferencing.
Despite what is generally expected, monetary difficulties, specialized troubles, and slow web associations might hinder the global enterprise videos industry development over the gauge time frame.
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Segmentation:
The Market Research Future Report highlights an inclusive segmental analysis of the global enterprise video market based on industry, delivery mode, application, services, and components.
By components, the global enterprise video market is segmented into software and hardware.
By services, the global enterprise video market is segmented into managed and professional.
By application, the global enterprise video market is segmented into corporate learning, training and development, and others.
By delivery mode, the global enterprise video market is segmented into web conferencing, video conferencing, and others.
By industries, the global enterprise video market is segmented into telecom and IT, oil and gas, aerospace and defense, healthcare, media and entertainment, manufacturing, BFSI, and others. Of these, BFSI segment will lead the market over the forecast period.
Regional Analysis
By region, the global enterprise video market covers the market opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will spearhead the market over the forecast period. The presence of key players and growing adoption in Canada and the US are adding to the global enterprise video market growth in the region.
In Europe, the global enterprise video market is predicted to hold the second-largest share over the forecast period. The booming BFSI and healthcare sector is adding to the global enterprise video market growth in the region.
In the APAC region, the global enterprise video market is predicted to have healthy growth over the forecast period. The growing communication service industry in the developing countries such as Australia, Japan, China, and India, rapid adoption of enterprise video solutions, need for robust collaborations, enhanced decision-making across and within organizations, partnerships, presence of several regional solution providers, growing popularity of e-learning and distance education modules, and growing adoption by SMEs and large enterprises are adding market growth.
In the Rest of the World, the global enterprise video market is predicted to have sound growth over the forecast period.
Key Players
Key contenders profiled in the enterprise video market report include Kollective, Ustream, Vimond Media Solutions, Anvato, Wistia Inc. (U.S.), Avaya Inc. (U.S.), Polycom (U.S.), Microsoft Corporation (U.S.), Verizon Communications, Inc. (U.S.), International Business Machines (U.S.), Cisco Systems, Inc. (U.S.), Rimage Corporation (U.S.), and Kaltura Inc. (U.S.). Industry players have incorporated several strategies to stay at the forefront such as acquisitions, mergers, partnerships, and others.
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Enterprise Video Market, By Components (Hardware, Software), By Application (Training & Development, Corporate Learning), By Delivery Mode (Video Conferencing, Web Conferencing), By Industries (BFSI, Manufacturing, Media & Entertainment, Healthcare) - Forecast 2020-2027
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