The Enterprise Video Market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from USD 23.8 billion in 2024 to USD 35.8 billion in 2029 throughout the forecast period.
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An urge to shift from on-premises deployment to cloud-based solutions, strict adherence and compliance to regulatory authorities and government-led reporting standards across verticals and regions, demand for user experience centricity on priority across verticals, organizations, and regions globally, digitalization, and automation are expected to drive the growth of the global Enterprise video market.
Major vendors in this market are based in North America, Asia Pacific, and Europe. Some of the key players operating in the Open banking solutions market are – Microsoft (US), Zoom (US), Google (US), IBM (US), Avaya (US), and AWS (US) among others. These companies have strengthened their positions in the market by implementing a variety of growth tactics. To increase their market share in Open banking solutions, they can do things like product launches, agreements, collaborations, mergers and acquisitions, and the creation of new products.
Microsoft
Microsoft is one of the leading players in the technology domain, developing and supporting a wide range of software, hardware, devices, and services for businesses and individuals. The company has a comprehensive product portfolio that offers products related to operating systems, collaboration solutions, cloud-based solutions, productivity applications, business solutions, server management, and gaming solutions. Microsoft also provides cloud-driven support and consulting services. Microsoft has started giving technology-driven solutions in recent times as well. With such a broad portfolio and offerings, Microsoft caters to customers' business needs in more than 190 countries around the globe.
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Microsoft is a leading provider of enterprise video solutions, offering a comprehensive suite of tools and platforms to support businesses' communication and collaboration needs. With offerings like Microsoft Stream, Teams, and SharePoint, Microsoft enables organizations to securely stream, share, and manage video content within their existing productivity ecosystem. Their focus on integration, security, and user experience positions them as a critical player in the rapidly evolving enterprise video market.
Google offers a robust suite of enterprise video solutions, including Google Meet and Google Workspace, to facilitate seamless video conferencing, collaboration, and communication within organizations. These tools provide high-quality video and audio capabilities and features like screen sharing, real-time document collaboration, and integration with other Google productivity tools. With a user-friendly interface and scalable infrastructure, Google's offerings cater to the diverse needs of businesses, driving innovation and productivity in the enterprise video market.
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Google's core products and platforms include Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube; each product has over one billion monthly active global users. The company also offers solutions and services for video streaming, platforms, and support from other offerings by players. Google provides productive tools that help with enterprise videos, streaming, content management, collaboration, design, and execution. Solutions provided by Google, such as Google Meet, offer them an edge in the video market.
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According to a research report "Enterprise Video Market by Component (Solutions (Webcasting, Video Content Management, Video Conferencing) and Services), Deployment Mode, Application, Delivery Technique, Vertical (BFSI, Healthcare and Life Sciences), and Region - Global Forecast to 2025", published by MarketsandMarkets, the enterprise video market is expected to grow from USD 16.4 billion in 2020 to USD 25.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period.
The major factors driving the enterprise video market include the growing demand for video streaming and the need for connecting remote workforce, an increasing number of internet users, rising smartphone adoption, and increasing operational efficiency among organizations.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1182The solutions segment is expected to hold the largest share of the enterprise video market during the forecast period.The focus of organizations on improving the internal and external communication processes is driving the growth of enterprise video solutions.
Growth in the number of smartphone users and increase in the use of mobile apps has played a significant role in the adoption of enterprise video solutions.
Organizations are using enterprise video solutions for applications such as video conferencing and live streaming, which help workforce engage and interact with each other in real-time.
They also aid in connecting geographically dispersed employees.Cloud deployment mode is expected to grow at the highest CAGR rate during the forecast period.Cloud or hosted enterprise video solutions are provided as SaaS by service providers.
Thus, the use of cloud-based enterprise video solutions provides flexibility to organizations to adjust to the dynamic business environment.
Companies that need a platform for its global workforce are bolstering the implementation of enterprise video market as it is much more effective in increasing productivity and enhancing reach.
The global Enterprise Video Market is eyeing for a stellar USD 31 billion valuation by 2022 with an impressive CAGR of 13% during the forecast period (2016-2022), reports Market Research Future (MRFR).
The report enlists drivers such as inflating organizations that are now relying more on bring-your-own-device culture, improved status of cloud technology, remote operational facility, added flexibility, and reduced expenditure for better enterprise video market scenario in forthcoming years.
Some others players in this market are- Anvato, Vimond Media Solutions, Ustream, Kollective among others.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1932Segmentation:The global enterprise video market can be segmented by components, services, application, delivery mode, and industry.Based on components, the enterprise video market includes hardware and software.By services, the enterprise video market can be segmented into as professional and managed.By application, the enterprise video market comprises training & development and corporate learning, and others.Based on delivery mode includes, the enterprise video market incorporates video conferencing, web conferencing among others.Industry-wise the enterprise video market includes banking, financial services and insurance (BFSI), manufacturing, media & entertainment, healthcare, aerospace & defense, oil & gas, and telecom & IT, and others.Regional Analysis:Region-specific analysis of the enterprise video market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).North America is dominating the market.
Its ability to reduce operational cost and add flexibility are the reasons that lure companies in integrating such technology.
Cloud technology is also getting better with each day, and as major companies are based out of this region, the regional enterprise video market is getting more prominence.Europe stands second in the global enterprise video market with the region spending substantially to incorporate this technology in the healthcare sector.
