The report “Enterprise Video Market” (By Type (Video Conferencing, Webcasting, and Video Content Management) -By Deployment Mode (Cloud, On-Premises, and Hybrid) -By Application (Knowledge Sharing & Collaboration, Training & Development, Corporate Communications, and Marketing & Client Engagement) -By Vertical (Media & Entertainment, Public Sector & Education, IT & Telecommunication, Healthcare, BFSI, Manufacturing, Retail & Consumer Goods, Transportation & logistics, and Others) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America))-is expected to reach US$ 58.97 Bn by 2024 from US$ 16.26 Bn in 2016 at a CAGR of 20.2%.
The global enterprise video market is expected to witness significant market growth during the forecast period. This is due to the increasing adoption of cloud technology and growing use of video as a tool to improve communication and collaboration through enterprises. The major factor propels the growth of the market is the overall rising shift and increasing healthcare IT spending towards telemedicine services. This is further supported by increased efforts by national governments for the betterment of their healthcare infrastructures. However, factors like slow internet connections and financial challenges are restraining the growth of the market. Moreover, complexities involved in the operation of these video conferencing equipment, low technology awareness and acceptance among the people is another factor contributing to the challenges of the market.
The cloud deployment segment is expected to grow at a high CAGR during the forecast period
In terms of deployment mode, the cloud deployment segment is expected to grow at a high CAGR during the forecast period. The rise in the number of remote and mobile users, as well as new branch office locations of enterprises all over the globe, is spurring the need for hybrid video conferencing deployments. Thus, the demand for hybrid deployments is expected to grow rapidly at the highest CAGR during the forecast period.
The knowledge sharing & collaboration segment is anticipated to hold the largest share of the enterprise video market
In terms of application is segmented into knowledge sharing & collaboration, training & development, corporate communications, and marketing & client engagement. The knowledge sharing & collaboration segment is anticipated to hold the largest share of the enterprise video market. Knowledge sharing & collaboration video applications help enterprises stimulate creativity and engagement as well as innovation. By adopting enterprise video solutions, enterprises encourage their employees to exchange ideas, discuss projects, access data, and solve problems.
North America is the largest market for enterprise video market. Asia Pacific is expected to grow at high CAGR during the forecast period
Geographically, the global enterprise video market has been segmented into North America, Europe, Asia Pacific, Middle East & Afric, and Latin America. North America is the largest market for enterprise video market. Asia Pacific is expected to grow at high CAGR during the forecast period. The growth of this region is attributed to the rising adoption of new technologies by SMEs and growing penetration of cloud technology and mobile devices.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Altus365, AT&T, Avaya, Aver Information, AVI-SPL Inc., Broadpeak, BT Conferencing, Cisco Systems, Epiphan, Hikvision, Huawei, Kaltura, Kontiki, Level 3 Communications, Librestream, NTT Communications, Polycom, Sonic Foundry, Tegrity, Telestream, Tremor Video, Vidtel., and Vidyo.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the enterprise video market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the enterprise video market. The driving forces, as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain enterprise video market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Enterprise video market”
Contact:
Miss. Parimal Darane
Business Development Manager
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 96071 95908/ 20 6630 3320