Global Enterprise Video Market Overview:
According to SPER Market Research, the Global Enterprise Video Market is estimated to reach USD 69.47 billion by 2032 with a CAGR of 14.03%.
This market growth is primarily due to the increased adoption of corporate video solutions by organizations to improve collaboration among employees across the globe. Corporate videos have become an important part of his marketing strategy for various corporate content. As a result, several companies are now focused on developing Content Delivery Networks (CDNs) to speed up the delivery of multimedia Internet content and provide businesses with better video streaming capabilities.
Impact of COVID-19 on the Global Enterprise Video Market:
The global outbreak of the COVID-19 crisis has had a positive impact on the market as multiple companies have adopted remote working models during the pandemic, increasing the need for enterprise collaboration software. The growing trend towards remote work is creating dynamic demand for video conferencing and content management. This has led leading technology companies such as Microsoft, Google LLC, and Zoom Video Communications, Inc. to create video conferencing solutions to meet the growing demand for team collaboration tools.
Scope of the report:
- Market size available for the years: 2019-2032
- Base year considered: 2021
- Forecast Period: 2022-2032
- Segments Covered: By Solution, By Services, By Deployment, By Application, By Delivery Technique, By Organization Size, By End-User
- Regions Covered: Asia Pacific, Europe, Middle East & Africa, North America and Latin America
- Companies Covered: Adobe, Avaya Inc., Brightcove Inc., Cisco Systems, Inc., IBM Corporation, Kaltura, Inc., Microsoft, Polycom, Inc. (Plantronics, Inc.), VBrick, Vidyo, Inc.
Global Enterprise Video Market Segmentation:
- By Solution: Based on the Solution, Global Enterprise Video Market is segmented as; Video Conferencing, Video Content Management, Webcasting.
- By Services: Based on the By Services, Global Enterprise Video Market is segmented as; Integration & Deployment, Managed Service, Professional Service.
- By Deployment: Based on the Deployment, Global Enterprise Video Market is segmented as; Cloud, On-premises.
- By Application: Based on the Application, Global Enterprise Video Market is segmented as; Corporate Communications, Training & Development, Marketing & Client Engagement.
- By Delivery Technique: Based on the Delivery Technique, Global Enterprise Video Market is segmented as; Downloading / Traditional Streaming, Adaptive Streaming, Progressive Downloading.
- By Organization Size: Based on the Organization Size, Global Enterprise Video Market is segmented as; Large Enterprise, Small & Medium Enterprise
- By End-User: Based on the End-User, Global Enterprise Video Market is segmented as; IT & Telecom, Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, Media & Entertainment, Education, Retail & Consumer Goods
- By Region: The market in Asia Pacific is experiencing fast-paced growth during the forecast period. This growth is attributable to the rising development in the telecommunication sector and increasing military spending in countries such as China and India. The market in Europe has registered the second-largest share in the base year due to increased investment by key players to design and develop innovative military communication systems.