The Global Enterprise
video market is forecast to reach USD 24.09 Billion by 2026, according
to a new report by Reports and Data. The Enterprise video market is forecasted
to witness significant growth during the forecast period. Some of the primary
factors contributing to the growth of the market are increased demand for video
streaming, continuous expansion in the number of internet users, and
advancements in cloud technology. In addition to these factors, one of the
essential factors contributing to the development of the enterprise video
market is the globalization of various industries. The increased emphasis on
globalization among different enterprises has resulted in rising demand for
enhancing their internal as well as external communication process and remain
well connected with their employees located in different locations. The
increasing need for improving enterprise communication process has resulted in
rising demand and incorporation of enterprise video in the communication system
of the enterprises that are propelling the growth of the market.
Apart from the factors specified above, different
initiatives taken by the key players of the market is also boosting the growth
of the enterprise video market. As an instance, in 2016, IBM, a key player of
the market, had introduced a software solution for enterprises- Ustream eCDN
that helps in delivering enhanced video streaming services. Such advancements
made by key players of the market plays a pivotal role in the expansion of the
enterprise video market.
In regards to region, Europe occupies the second largest
market share in the enterprise video market. The prominent market presence of
Europe in the enterprise video market is attributed to the advancements of
networking technologies and enhanced use of cloud-based applications in this
region.
To identify the key trends in the industry, click on the
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Further key findings from the report suggest
- Enterprise
video market held a market share of USD 14.00 Billion in the year 2018,
with a growth rate of 6.8% during the forecast period.
- Factors
like the expansion of media and entertainment industry and the education
sector are positively impacting the growth of the market.
- In the
context of Type, the Video conferencing segment dominates the market that
generated the highest revenue of USD 5.32 Billion in 2018 with a growth
rate of 7.1% during the forecast period. Factors contributing to the
generated revenue of this segment are the globalization of enterprises and
the associated rise in demand for streamlining the communication process
between employees located in different geographic location.
- In
regards to Deployment type, On-premises segment leads the market occupying
a larger market share of 75.0% with a growth rate of 6.4% during the
forecast period. The market share held by the segment is attributed to the
high preference of different enterprises to incorporate enterprise video
solutions as a part of their communication system and conduct team
meetings and training to be held on the premises with its help.
- While
discussing Deployment type, it is mentionable here that the Cloud segment
is forecasted to experience a higher growth rate of 7.8% during the
forecast period that is forecasted to occupy 27.0% of the market by 2026.
The growth rate of this segment is attributed to increasing emphasis on
globalization among different enterprises and the associated rise in
demand for communicating with employees situated in different geographic
locations.
- In
regards to Application, the Corporate Communications segment can be seen
to lead the market that holds the largest market share of 31.0% in 2018,
with a CAGR of 7.2% during the forecast period. The market dominance of
the Corporate Communications segment is the consequence of the elevated
need for enterprises to enhance their communication system along with the
effectiveness of enterprise communication in strengthening internal and
external communication of enterprises and establish effective
communication with employees, stakeholders, and partners.
- In
regards to region, Asia Pacific is forecasted to witness the highest
growth rate of 8.1% during the forecast period. The growth rate of Asia
Pacific in the market is the result of the rise in IT companies, enhanced
IT penetration, and increased government expenditure on internet
infrastructure.
- Key participants include Kaltura, IBM, Microsoft, Cisco, Adobe, Brightcove, Avaya, Panopto, Mediaplatform, Inc., and VBrick Systems.
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For the purpose of this report, Reports and Data have
segmented the global Enterprise video market according to Type, Deployment
Type, Offerings, Organization Size, End-users, Application, and Region:
Type Outlook (Revenue, USD Billion; 2020-2026)
- Video
Content Management
- Video
conferencing
- Webcasting
- Others
Deployment type Outlook (Revenue, USD Billion; 2020-2026)
- Cloud
- On-Premises
Offerings Type Outlook (Revenue, USD Billion; 2020-2026)
- Solutions
- Services
Organization size Type Outlook (Revenue, USD Billion;
2020-2026)
- Large
Enterprises
- Small
and Medium-Sized Enterprises
End-users Type Outlook (Revenue, USD Billion; 2020-2026)
- Banking,
financial services and insurance [BFSI]
- Healthcare
and Life Sciences
- Information
Technology (IT) and Telecom
- Media
and Entertainment
- Education
- Retail
- Others
Application Type Outlook (Revenue, USD Billion;
2020-2026)
- Corporate
Communications
- Client
Engagement and Marketing
- Training
and Development
- Collaboration
and knowledge sharing
- Others
Regional Outlook (Revenue, USD Billion; 2020-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
Read More Report of Information & Communication Technology category at: https://www.reportsanddata.com/report/category/information-technology
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