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Enterprise Video Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
Enterprise Video Market Size
As per the report, the enterprise video market size has grown rapidly in recent years. It will grow from $19.72 billion in 2023 to $22.02 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The enterprise video market size is expected to see rapid growth in the next few years. It will grow to $34.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
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Remote Work And Collaboration Driving Enterprise Video Market Growth
The increasing demand for remote work and collaboration is expected to propel the growth of the enterprise video market going forward. Remote work and collaboration refer to individuals or teams working together seamlessly from different locations using digital tools and technologies. Remote work and collaboration are rising due to advancements in technology, changing work preferences, and the need for flexibility amidst global events such as the COVID-19 pandemic. Enterprise video in remote work and collaboration serves to bridge the gap between geographically distributed teams by enabling effective communication, virtual meetings, and shared access to knowledge resources, thereby fostering productivity and cohesion among remote workers. For instance, in February 2022, according to a study published by AT&T, a US-based telecommunications company, the percentage of companies adopting a hybrid model of work where workers will do both remote work and work from the office is projected to increase from 42% in 2021 to 81% in 2024. the increasing demand for remote work and collaboration is driving the growth of the enterprise video market.
AI Video Analytics Advancements In Enterprise Video Market
Major companies operating in the enterprise video market are focused on technology and analytics integration such as AI video analytics, to analyze video data and extract valuable insights for security, operations, marketing, and decision-making purposes. AI video analytics in enterprise video optimizes video content, enhances security, and provides actionable insights through advanced data analysis and machine learning algorithms. For instance, in May 2023, Claro Enterprises Solutions, a US-based telecommunications company, launched AI video analytics. The advantages of AI video analytics include enhanced security, operational efficiency, customer experience optimization, and cost savings through automated video analysis and insights. AI video analytics advancements revolutionize surveillance and security systems by employing artificial intelligence algorithms to analyze video data, enabling real-time threat detection, behavior analysis, and enhanced decision-making capabilities.
The enterprise video market covered in this report is segmented -
1) By Solution: Video Conferencing, Video Content Management, Webcasting
2) By Services: Integration And Deployment, Managed Service, Professional Service
3) By Deployment: Cloud, On-premises
4) By Application: Corporate Communications, Training And Development, Marketing And Client Engagement
5) By End-User: Information And Technology (IT) And Telecom, Banking, Financial Services And Insurance (BFSI), Healthcare And Life Sciences, Media And Entertainment, Education, Retail And Consumer Goods, Other End-Users
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Major companies operating in the enterprise video market are Google LLC, Microsoft Corporation, Verizon Communications Inc., Huawei Technologies Co. Ltd., Amazon Web Services (AWS), Hewlett-Packard (HP), International Business Machines Corporation (IBM), Cisco Systems Inc., Adobe Systems Incorporated, Computer Sciences Corporation (CSC), Zoom Video Communications Inc., Citrix Systems Inc., Avaya Inc., Polycom Inc., Alcatel-Lucent SA, GoTo Technologies USA Inc., Brightcove Inc., Kaltura Inc., Lifesize Inc., BlueJeans Network Inc., JW Player, Vidyo Inc., Vbrick Systems Inc., Kollective Technology Inc., Panopto Inc., Qumu Corporation, Wistia Inc., BigMarker, Mediasite by Sonic Foundry
Contents of the report:
1. Executive Summary
2. Enterprise Video Market Report Structure
3. Enterprise Video Market Trends And Strategies
4. Enterprise Video Market - Macro Economic Scenario
5. Enterprise Video Market Size And Growth
…..
27. Enterprise Video Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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