Enterprise Video Market Overview:
The Enterprise Video Market analysis provides a comprehensive picture of the competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Enterprise Video Market, as well as the causes for variances in the industry's growth in various places.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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Drivers:
The need to increase operational effectiveness and worker productivity is one of the key factors driving the worldwide business video market. Lack of efficient communication technologies drastically hinders employee productivity. When watching a video, noise or poor quality footage could lead to misunderstandings and waste time for the staff. Worker cooperation is significantly limited by poor video streaming quality and interruptions during video conferences, notably in the COVID-19 epidemic. The blurry video and other interruptions that happen while streaming videos irritate many people.
Segmentation:
by Type
Video Conferencing
Video Content Management
Webcasting
The market is further divided into three types: webcasting, video content management, and video conferencing. In the forecast period (2023-2029), video conferencing is expected to increase at a CAGR of 7.5%, accounting for over 35% of market shares in 2022.During the aforementioned forecast period, the webcasting sub-segment is anticipated to expand at a CAGR of 14.2%. The sub-segment for managing video content is anticipated to expand at a CAGR of 5% from 2023 to 2029.
by Deployment
On-premise
Cloud-based
Hybrids
When deployed, During the forecast period (2023-2029), the cloud-based sub-segment is anticipated to expand at a CAGR of 7.5%.During the forecast period, the on-premise sub-segment is expected to increase at a CAR of 6.5%. The hybrid sub-segment had the largest market share in 2022, although it is anticipated to grow more slowly than the other two sub-segments.
by Industry
Media & Entertainment
Telecom & IT
BFSI
Healthcare
Transportation and Logistics
Other
Media & Entertainment, which accounted for over 25% of market shares by industry in 2022, is anticipated to expand at a CAGR of 4.5% over the forecast period (2023-2029). Work from home options and the development of streaming platforms are both responsible for the high share value in 2022. The telecom and IT sector is anticipated to expand at a CAGR of 5.4% from 2023 to 2029.
Key Players:
The entire procedure comprises a review of the financial records of the important market participants. Following an evaluation of the total market size, the market was divided into many divisions and sub-segments, which were confirmed by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Enterprise Video Market are as follows:
1. Huawei, Kaltura
2. Kontiki
3. Level 3 Communications
4. Librestream
5. NTT Communications
6. Polycom
7. Sonic Foundry
8. Tegrity
9. Telestream
10. Tremor Video
11. Vidtel
12. Vidyo
13. Altus365
14. AT&T
15. Avaya
16. Aver Information
17. AVI-SPL Inc.
18. Broadpeak
19. BT Conferencing
20. Cisco Systems
21. Epiphan, Hikvision
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Enterprise Video Market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Enterprise Video Market:
Due to a break in operations, end-user sectors where Enterprise Video Market are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Enterprise Video Market manufacturers, affecting the development of the Enterprise Video Market in 2020. End-user business demand for Enterprise Video Market has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Enterprise Video Market Report are:
- Which segment had the largest share in the Enterprise Video Market in 2021?
- What is the competitive landscape of the Enterprise Video Market?
- Which are the key drivers aiding the Enterprise Video Market growth?
- Which region has the maximum share in the Enterprise Video Market?
- What will be the CAGR of the Enterprise Video Market during the forecast period ?
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