Press release
Enterprise Streaming Media Market Outlook 2024: Exclusive Report By The Business Research Company
Enterprise Streaming Media Market
The Business Research Company offers in-depth market insights through Enterprise Streaming Media Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The enterprise streaming media market size has grown rapidly in recent years. It will grow from $34.9 billion in 2023 to $41.35 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to corporate training and communication, rise of remote work, globalization of businesses, increased mobile workforce, shift to cloud-based solutions.
The enterprise streaming media market size is expected to see rapid growth in the next few years. It will grow to $81.75 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to hybrid work models, enhanced security measures, integration of artificial intelligence (ai), virtual and augmented reality (vr/ar) integration, rise of webcasting and virtual events. Major trends in the forecast period include rise of hybrid and multi-cloud deployments, focus on low-latency streaming, integration of artificial intelligence (ai) and machine learning (ml), security enhancements and content protection, enterprise video conferencing integration.
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Market Segmentation:
The enterprise streaming media market covered in this report is segmented -
1) By Solution: Video Conferencing, Video Content Management, Webcasting, Web Conferencing
2) By Service: Professional Service, Managed Service, Support And Maintenance
3) By Deployment: On-premise, Cloud
4) By Application: Team Collaboration and Knowledge Transfer, Corporate Communication, Training And Development, Marketing, Other Applications
5) By End-User: Banking, Financial Services & Insurance (BFSI), Healthcare, Manufacturing, Government, IT And Telecom, Media And Entertainment, Retail, Other End-User
Major Driver - Rising Adoption Of Video Conferencing To Drive Market Growth
The increasing use of video conferencing solutions is expected to propel the growth of the enterprise streaming media market going forward. Video conferencing is a live video-based meeting between two or more people in different locations that allows multiple people to meet and collaborate face to face long distance by transmitting audio, video, text, and presentations in real-time through the internet. Enterprise streaming media is used in video conferencing to manage video content and video communications for a larger business or organization, which enables them to reach out to potential and existing clients outside of the business or organization. For instance, in January 2022, according to Microsoft Corporation, a US-based technology corporation, Microsoft Teams monthly active users witnessed substantial growth, increasing from 250 million in July 2021 to 270 million by January 2022. Therefore, the increasing use of video conferencing is driving the growth of the enterprise streaming media market.
Competitive Landscape:
Major companies operating in the enterprise streaming media market report are Haivision Inc., Adobe Inc., AVI-SPL Inc., Cisco Systems Inc., Microsoft Corporation, Spirent Communications plc., International Business Machines Corporation, Alphabet Inc., Amazon.com Inc., Tencent Holdings Ltd., Kaltura, Vidyard, Poly Inc., Cloudfare Inc., Cincopa LTD, Akamai Technologies, Brightcove Inc., Dacast Inc., Limelight Networks, MediaPlatform, Brightcove, Panopto, Qumu Corporation, Ramp, RealNetworks Inc., Sonic Foundry Inc., MediaKind, Telestream, IBM, VBrick, Verizon Communications Inc., Vewd Software AS, Vimeo Inc., Wowza Media Systems, Zixi, Zype Inc., JW Player, Wistia .
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Top Trend - Product Innovations Transforming The Enterprise Streaming Media Market
Product innovation is a key trend gaining popularity in the enterprise streaming media market. Major companies operating in the enterprise streaming media market are focused on developing innovative solutions to strengthen their position in the market. For instance, in February 2023, Brightcove Inc, a US-based software company that produces an online video platform, introduced Brightcove Communications Studio, a video streaming solution developed to assist HR and communications professionals in developing stronger relationships and engaging with internal stakeholders. Brightcove Communications Studio is a branded and seamless solution for reaching and engaging stakeholders both internally and externally. Communications Studio delivers a consumer-centric streaming experience for stakeholders to overcome common internal communications concerns, from onboarding workers to disseminating company-wide updates and training.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Enterprise Streaming Media Market Characteristics
3. Enterprise Streaming Media Market Trends And Strategies
4. Enterprise Streaming Media Market - Macro Economic Scenario
5. Enterprise Streaming Media Market Size And Growth
…..
27. Enterprise Streaming Media Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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