Sarasota, FL, July 28, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Enterprise Video Market by Type, Video Conferencing, Web Conferencing, Video Streaming, by Industry, BFSI, Telecom & IT, Healthcare, Transportation & Logistics, Media & Entertainment: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, global enterprise video market was valued around USD 18.94 billion in 2016 and is expected to reach USD 46.63 billion by 2022, at a CAGR of 16.20% for the forecast period from 2017 to 2022.
Enterprise video technology improves organizational communication proficiency through measures such as on-demand video and flexibility in remote working conditions. Enterprise video technology also incorporates collaborative techniques in an organization’s functioning. The advancement in enterprise video technology such as superior video codec, web based real time communication, captioning, indexing & transcoding and aggregation are expected to drive the demand for enterprise video during the forecast period. The global enterprise video market is expected to expand at a CAGR of approximately 16.20% from 2017 to 2022, reaching USD 46.63 billion by 2022.
Browse through 13 Market Tables and 22 Figures spread through 110 Pages and in-depth TOC on "Global Enterprise Video Market: Type, Size, Share, Growth, Trends, and Forecast 2016 – 2022”.
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Enterprise video has gained toehold these days, owing to the large use of video technologies and services among enterprises. Effective communication is a very important need of every organization. Nowadays, communicating with co-employees for implementation of any new policy or announcement of any changes and taking feedback becomes very essential in order to increase the efficiency of the organizations. Enterprise video system helps the personnel to vitally communicate with each other without making any physical presence. The mounting size of the organization and high demand for on-demand services are some of the major factors which are driving the market of enterprise video market whereas deployment cost and need of technical hands are some of the restrainings of the market.
The report provides a segment analysis of enterprise video market by type, by industry and by geography. The type segment includes video conferencing, web conferencing and video streaming. The report provides the market size and forecast through the industry segment which includes BFSI, telecom & IT, healthcare, transportation & logistics and media & entertainment.
Browse the full "Enterprise Video Market by Type (Video Conferencing, Web Conferencing, Video Streaming) for BFSI, Telecom & IT, Healthcare, Transportation & Logistics, Media & Entertainment Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022." report at https://www.zionmarketresearch.com/report/enterprise-video-market
In 2015, the global enterprise video market was dominated by the North America region accounting for more than one-third of the total market revenue. North America was estimated to account for the largest share of 34.5% of the global enterprise video market in 2015. The high market share is in the lieu of strong penetration of video conferencing, web conferencing and video streaming solutions across various industry verticals in the region. North America is estimated to retain its dominant position in the global market throughout the forecast period.
Europe region accounts for the second largest share in terms of revenue due to the growing healthcare and BFSI sector of the overall enterprise video market worldwide. The market dominance is recognized to wide adoption of video communication among the blue chip companies in this region. Germany, UK, France and Spain are the major regional market In Europe for enterprise video.
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Asia-Pacific is expected to witness significant market penetration during the next five years attributed to growing communication services industry in the developing countries. India, China, Japan, and Australia are driving the enterprise video market in Asia-Pacific market.
Latin American enterprise video market is mainly influenced by the increasing video conferencing, adoption of cloud technologies by small and medium businesses for effective communication, and growing demand of availing competent IT business solutions. The small and medium firms in Latin America are investing a lot of funds in upgrading their existing infrastructure in order to match the growing technological requirements.
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The growth in the market in Middle East & Africa is rapid because of large investments by the IT sector in major verticals such as banking and financial services, government, healthcare, retail, manufacturing, and travel and hospitality for operational, marketing as well as risk and threat management. The market is not as such vast like North America and Europe but in the forecast period, the growth of this market will be at a higher level.
The Key participants profiled in the report are 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.
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The report segment of enterprise video market is as follows:
Global Enterprise Video Market: Type Analysis
- Video Conferencing
- Web Conferencing
- Video Streaming
Global Enterprise Video Market: Industry Analysis
- BFSI
- Telecom & IT
- Healthcare
- Transportation & Logistics
- Media & Entertainment
Global Enterprise Video Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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