Press release
The Enterprise Video Market Share Growing at 12.6% CAGR Reach USD 49.0 Billion by 2032 Globally
The enterprise video market was valued at $16.6 billion in 2023, and is estimated to reach $49.0 billion by 2032, growing at a CAGR of 12.6% from 2024 to 2032.
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The adoption of cloud-based video platforms, integration of AI for content analysis, and growing demand for interactive video experiences, drive the growth of the enterprise video market. In addition, rising demand for employee training and development solutions, expansion of digital marketing strategies, and technological advancements enhance the growth of the market during the forecast period.
Furthermore, leveraging analytics and data insights to optimize video content for improved engagement and ROI, integration with other enterprise software solutions such as CRM, HR, and development of specialized industry-specific video solutions for sectors includes healthcare, education, and finance are expected to provide lucrative growth opportunities for the market in the coming years. However, data security and privacy concerns, bandwidth limitations and infrastructure challenges, and legal and regulatory constraints, pose significant restraints for the market growth.
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Based on the component, the solution segment held the highest market share in 2023 and is likely to retain its dominance during the forecast period. The growth of the enterprise video solution segment is fueled by the growing need for efficient communication and collaboration tools, technological advancements, and the shift towards remote work and digital transformation across industries.
Based on the deployment mode, the on-premise segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period, due to high security and privacy reasons.
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Based on enterprise size, large enterprises held the highest market share in terms of revenue in 2023, accounting revenue and is expected to dominate in terms of revenue throughout the forecast timeframe. The increasing need for effective communication and collaboration among a globally dispersed workforce has made video conferencing and streaming essential tools.
Based on industry vertical, the IT & telecom segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period. The need for effective training, corporate communication, and customer support drives the integration of enterprise video into business processes, promoting efficiency and engagement.
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Based on region, North America held the highest market share in terms of revenue in 2023, accounting revenue and is expected to rule the roost in terms of revenue throughout the forecast timeframe. owing to the increase in internet and digital penetration. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period, due to heavy investments by public and private sectors and increasing adoption of advanced technologies, driving the demand for enterprise video in the region.
Players: -
• IBM Corporation
• Microsoft
• Adobe, Inc.
• Avaya Inc.
• Brightcove Inc.
• Cisco Systems, Inc.
• Vidyo Inc.
• Polycom, Inc.
• VBrick Systems
• AWS
• Google LLC
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