NEWARK, Del, July 05, 2022 (GLOBE NEWSWIRE) -- The enterprise video market is worth USD 21.23 billion in 2022 and is expected to grow at a 13.8% CAGR from 2022 to 2032 and reach US$ 77.32 billion by 2032.
The increased application of enterprise video solutions across organisations to improve collaboration among their global workforces is primarily responsible for the enterprise video market growth.
Several enterprise video market companies are now focusing on developing content delivery networks that will accelerate the delivery of multimedia internet content and provide enterprises with better video streaming capabilities.
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The growing demand for on-demand video streaming for learning and development training across various organisations is hastening enterprise video market growth as well as enterprise video market key trends and opportunities.
On-demand videos assist employees in obtaining detailed information that has previously been recorded by trainers, colleagues, and executives affecting the enterprise video market adoption trends. Many businesses use enterprise video platforms for external activities such as sales, marketing, customer and partner training, and public event broadcasting hence surging the demand for enterprise video.
Due to the presence of major enterprise video market players in the region, the North America enterprise video market accounted for a sizable revenue share. Access to high-quality internet, combined with rising demand for visual meetings, has created lucrative enterprise video market opportunities in the US enterprise video market.
Rising demand for enterprise video market and virtual private networks across a variety of businesses and educational institutions is expected to drive regional enterprise video market growth.
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KEY TAKEAWAYS:
· The video conferencing segment from solutions insight accounted for 40% of enterprise video market size in revenue.
· The video content management segment of solutions outlook in enterprise video market is expected to grow at a CAGR of 13.6% through 2032.
· The professional services segment from services outlook of enterprise video market share accounted for 47% of revenue by 2032.
· The cloud segment of deployment insight for enterprise video market is expected to grow at a CAGR of more than 15% through 2032.
· The on-premises enterprise video segment of deployment outlook in enterprise video market accounted for 61.3% of revenue by 2032.
· The corporate communications segment of application insight commanded a sizable enterprise video market share of 46% through 2032.
· The marketing and client engagement segment from application insight is expected to grow at a CAGR of 14.5% by 2032 in the enterprise video market.
· The adaptive streaming segment of delivery technique outlook accounted for 35% of enterprise video market size for revenue through 2032.
· The progressive downloading segment in delivery technique insight of enterprise video market is expected to grow at a 14.8% CAGR by 2032.
· The small and medium enterprises segment for organization size outlook of enterprise video market is expected to grow at a CAGR of 15.4% through 2032.
· The healthcare and life sciences segment in the end use outlook in enterprise video market is expected to grow at a CAGR of nearly 15.8% by 2032.
· By 2032, the North American enterprise video market for the regional insight accounted for approximately 43% of revenue.
COMPETITIVE LANDSCAPE:
New market research report on Enterprise Video says that Adobe, Inc.; Avaya Inc.; Brightcove Inc.; Cisco Systems, Inc.; IBM Corporation; Kaltura; Microsoft Corporation; Polycom, Inc.; VBrick Systems; Vidyo Inc. are among the legacy players vendors.
The research offers a comprehensive competition analysis of these top competitors in the enterprise video market, including enterprise video market growth, enterprise video market share, enterprise video market key trends and opportunities and important enterprise video market statistics.
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Recent Development in the Enterprise Video:
Product Launch:
· Google Cloud introduced its new multimedia CDN, Media CDN, in April 2022, allowing businesses to leverage Google's YouTube network.
· Google LLC made its video-conferencing service Google Meet generally available in April 2020, which was previously only available to enterprise and educational institutions via the G Suite.
· Vbrick will introduce comprehensive integrations with popular video conferencing services such as Zoom, Cisco Webex, and Microsoft Teams in September 2020, allowing organisations to deliver live HD quality video.
Key Segments
By Solution:
- Video Conferencing
- Video Content Management
- Webcasting
By Services:
- Integration & Deployment
- Managed Service
- Professional Service
By Deployment:
- Cloud
- On-premises
By Application:
- Corporate Communications
- Training & Development
- Marketing & Client Engagement
By Delivery Technique:
- Downloading/ Traditional Streaming
- Adaptive Streaming
- Progressive Downloading
By Organization Size:
- Large Enterprise
- Small & Medium Enterprise (SME)
By End-use:
- IT & Telecom
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare & Life Sciences
- Media & Entertainment
- Education
- Retail & Consumer Goods
- Others
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