The global enterprise video market size is projected to reach nearly USD 23.0 billion by 2028. In addition, it is projected to gather a CAGR of about 8%.
Dallas, United States - April 16, 2021 /MarketersMedia/ —
Organizations need effective communication platforms to stay ahead of the competitive landscape and sustain the digital world. Businesses need communication platforms for many reasons including communicating with employees, important announcements, conferences, taking feedback from peers, and more. To coordinate effectively between the global center and regional center, the enterprise video systems play a significant role. The enterprise video systems help the team leaders and more communicate effectively without the need for any physical presence.
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Enterprise video platforms act as a hub for communication and entertainment. The market players like stakeholders, investors, vendors, team managers, business leaders, and the public can use the platform as an entertainment and communication hub. The platform communicates effectively within organizations. Youtube which is a popular social media platform is used to communicating with people, but the number of people is limited. However, enterprise video systems have more limit of people and are used in corporates, training and development programs, and more. But, the cost for deploying such a system is not affordable for small enterprises and also needs technical assistance thereby hindering the Enterprise Video Market.
Among all the geographic regions across the globe, the North American region and its countries like the US and Canada lead the Enterprise Video Market. These countries are leading the market as they have improved industrial infrastructure in the region. Also, these countries can easily reach their target consumers. Due to these improvements, many manufacturers in these regions are engaged in the Enterprise Video Market. Other countries leading the Enterprise Video Market are Brazil, Switzerland, and Others.
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The key manufacturers in the Enterprise Video Market are Adobe, Zoom, Cisco, Microsoft, Google, and IBM. The companies have widely invested in research and development activities for innovation in the technologies like 5G, cloud platform, Machine learning, and Artificial Intelligence. The product efficiency of these companies has been enhanced at various levels. The companies have merged with various firms in this field to launch innovative products and bring advancement in this field. The companies have collaborated and acquired different firms to expand their businesses in foreign markets and boost the market position. The firms have undertaken different business activities and adopted various strategies to boost the market position in the Enterprise Video Market.
Other major vendors offering enterprise video services and competing in the Enterprise Video Market are MediaPlatform, VBrick, Panopto, Vidizmo, INXPO, Kollective, Haivision, BlueJeans Network, Kaltura, Lifesize, ON24, Sonic Foundry, Qumu, Dalet Digital Media Systems, Brightcove, Enghouse Systems, RingCentral, LogMeIn, Poly, Avaya, Cisco among others.
Segment Overview of Global Enterprise Video Market
Component Overview, 2018-2028 (USD Million)
• Solutions
o Video Conferencing
o Video Content Management
o Webcasting
• Service
Deployment Type Overview, 2018-2028 (USD Million)
• On-premises
• Clou
Applications Overview, 2018-2028 (USD Million)
• Corporate Communication
• Training & Development
• Marketing & Client Engagemen
Delivery Technique Overview, 2018-2028 (USD Million)
• Downloading/Traditional Streaming
• Adaptive Streaming
• Progressive Downloadin
Vertical Overview, 2018-2028 (USD Million)
• BFSI
• IT and Telecom
• Healthcare & Life Sciences
• Media & Entertainment
• Education
• Retail & Consumer Goods
• Others
Regional Overview, 2018-2028 (USD Million)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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