The enterprise video global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Enterprise Video Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – 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 growth in the historic period can be attributed to increased internet penetration, a shift to remote work, growth in video streaming services, rising demand for on-demand video content, enhanced user experience, cost reduction in video production, corporate training and communication needs, and the and the expansion of e-learning platforms.
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%. The growth in the forecast period can be attributed to 5G network expansion, increased adoption of hybrid work models, demand for high-quality video content, growth in virtual and augmented reality, enhanced cybersecurity measures, and the and the expansion of cloud-based video solutions. Major trends in the forecast period include increased use of AI and machine learning, rising demand for ultra-high-definition video, integration of virtual and augmented reality, a focus on enhanced video security, the proliferation of cloud-based video platforms, and greater emphasis on personalized content.
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Scope Of Enterprise Video MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Enterprise Video Market Overview
Market Drivers -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.
Market Trends – 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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Regional Insights – North America was the largest region in the enterprise video market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise video market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – 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
Table of Contents 1. Executive Summary2. Enterprise Video Market Report Structure3. Enterprise Video Market Trends And Strategies4. Enterprise Video Market – Macro Economic Scenario5. Enterprise Video Market Size And Growth…..27. Enterprise Video Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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