PUNE, India, September 22, 2015 /PRNewswire/ --
According to a new market research report, "Enterprise Video Market (Web Conferencing, Webcasting, Video Conferencing, Video Streaming), by Applications (Corporate Communication, Learning and Development, Knowledge Sharing and Management), by Vertical, by Region - Global Advancements, Worldwide Forecasts & Analysis to 2020", published by MarketsandMarkets, The global Enterprise Video Market is expected to grow from USD 16.98 Billion in 2015 to USD 36.84 Billion to 2020, at a CAGR of 16.7% from 2015 to 2020.
Browse 73 market data Tables and 63 Figures spread through 138 Pages and in-depth TOC on "Enterprise Video Market"
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The market report provides a comprehensive market and forecast analysis of the overall market, segmented by delivery mode, application, region, and vertical.
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Enterprise video has gained traction these days, owing to large use of video technologies and services among enterprises. It brings together technologies and platforms for ingestion, annotation, cataloguing, storage, retrieval and distribution of video content across companies. It brings flexibility in remote working conditions, reduces capital expenditure, improves productivity and expands outreach.
North America is estimated to account for the largest share of 34.5% of the global Enterprise Video Market in 2015. Factors such as increase in use of collaborative techniques for content delivery, growing adoption of cloud, and technological advancements in medical and healthcare sector, growth in smart education techniques are driving the growth of the Enterprise Video Market in the region. However, this share is expected to decline by 2018. The prime cause for this drop would be the increase in growth for Enterprise Video Market in the Asia-Pacific region. This is due to the high demand of video solutions from developing and developed organizations and the increasing number of SMBs in the APAC region.
North America region is expected to address the various key challenges in this market, including interoperability, tackling complexity of issues in video content and technologies and high costs of video conferencing equipment. AT&T and Cisco are the providers of video solutions in North America.
The major players in the global Enterprise Video Market are Alcatel - Lucent, Avaya, Cisco, IBM, Huawei, Polycom, and Verizon Communications among others. Partnerships and agreements are the key strategies adopted by the players offering enterprise video solutions to grow in the market. These strategies accounted for a share of 41% of the total strategic developments in the Enterprise Video Market.
Companies such as Alcatel-Lucent, Cisco, Avaya, Huawei, Microsoft, and Polycom have also adopted new product launches as an eminent strategy to expand their client bases and tap new market spaces with improved solution capabilities. This strategy accounted for 26% of the total strategic developments in the Enterprise Video Market.
The report covers all the major sub-segments of the Enterprise Video Market and provides the quantitative (market size and market growth) and qualitative (trends, analysis and insights) for those segments. This comprehensive coverage of the Enterprise Video Market provides important inputs, such as drivers, restraints and opportunities in this market, profiles the major players in this market, maps the competitive landscape, and provides the overall perspective on the Enterprise Video Market in the various verticals and regions
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