FORT WORTH, Texas, December 17, 2014 /PRNewswire/ --
The increasing popularity of e-learning and distance education modules has led to the expansion of the enterprise video market to meet the diversified educational requirements across the globe. This has in turn resulted in stiff competition in this market, and thus some of the submarkets of this market, such as the corporate communication market witnessed high growth in 2014 in this region.
The enterprise video market is expected to reach $13.6 billion by 2019 from $4.4 billion in 2014, at a CAGR of 29.8% from 2014 to 2019. Browse through the TOC of enterprise video market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The enterprise video market has high growth potential in Asia-Pacific, due to the growing influx of students from across the globe in this region for cost-effective and quality education. Technological advancements in the enterprise video technologies, including high efficiency video codec, alter-HD, web real time communication, and other emerging technologies are enriching the overall video delivery experience. The enhanced efficiency of these systems has led to increased adoption of these systems in this region, thus fueling the growth of the market.
The industry verticals that are projected to contribute to the growth of the enterprise video market in Asia-Pacific include media and entertainment, telecommunication and IT, academia, and government. The academia and government segments of this market are expected to maintain high growth during the forecast period.
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Furthermore, enterprise video is helping enterprises to establish seamless mobility among workforce and promote the Bring Your Own Device (BYOD) culture. The major reason for the growth of the market is the increasing demand of video conferencing and streaming services among various enterprises. Presently, these enterprises are dealing with greater device complexity, more application, and rise in the number of empowered workforce that expects to work on a device of their choice. This need of mobility and flexibility is expected to aid the growth of the enterprise video market in Asia-Pacific.
The Asia-Pacific enterprise video market provides the analysis of the top players in this market, including Alcatel-Lucent, Avaya, Cisco, HP, and IBM. This market report examines the growth potential, market sizes, and revenue forecasts across different platforms, solutions, and services.
The North America Enterprise Video Market is estimated to grow from $4,443.03 million in 2014 to $12,010.98 million by 2019, at a Compound Annual Growth Rate (CAGR) of 22.01%, for the given period. North America Enterprise Video market is primarily driven by increased spending in video conferencing by enterprise and security surveillance to counter threats.
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