The enterprise video market is driven by the rising adoption of cloud technology and demand for video as a tool to enhance communication and collaboration across enterprises.
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Global enterprise video market to grow from an estimated USD 16.34billion in 2017 to USD 40.84billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.1%.
However, network connectivity and technical difficulties and concerns over the security of video content are the restraining factors in the market.
By type, the video conferencing segment is projected to account for the largest share in the enterprise video market during the forecast period.
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Reduction in travel costs and project times for customers, as well as a stronger sense of familiarity with participants, are some of the major benefits of video conferencing due to which, video conferencing solutions are widely adopted across all industry verticals.
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The cloud deployment mode is estimated to account for the largest size in the enterprise video market in 2017.The advantages of cloud deployment are reduced physical infrastructure, low maintenance cost, and 24x7 data accessibility anytime and anywhere. SaaS is emerging as the best practice for companies looking for cost-effective functionalities due to advancements in the cloud-based technology.
Cloud-based solutions also support real-time visibility of data for employees, enabling organizations to communicate with different departments before, during, and after each meeting conducted, using enterprise video solutions. Thus, there has been an upward trend in the deployment of cloud-based solutions.
The enterprise video market has been segmented into type, deployment mode, application, industry vertical, and region. Based on type, the enterprise video market is segmented into video conferencing, video content management and webcasting.
Based on deployment mode, the enterprise video market is segmented into cloud, hybrid, and on-premises. The various applications in the enterprise video market have been segmented into knowledge sharing & collaboration, corporate communications, training & development, and marketing & client engagement.
Based on vertical, the enterprise video market has been segmented into media & entertainment, IT & telecommunication, public sector & education, healthcare, retail & consumer goods, manufacturing, BFSI, transportation & logistics, and others. Finally, on the basis of regions, the enterprise video market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LA).
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Key Points From Table Of Content:
12 Company Profiles
(Business Overview, Product Offerings, Business Strategies, Recent Developments, and Key Relationships)*
12.1 Adobe Systems Incorporated
12.2 Brightcove, Inc.
12.3 Avaya, Inc.
12.4 Vidyo, Inc.
12.5 Vbrick Systems, Inc
12.6 Mediaplatform, Inc.
12.7 Polycom, Inc.
12.8 Cisco Systems, Inc.
12.9 IBM Corporation
12.10 Microsoft Corporation
12.11 Kaltura Inc.
12.12 Ooyala, Inc.
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