The global enterprise video market is suggested to have reached a value of around $11.2 billion at the beginning of 2013, and is forecast to grow to a total of $35.6 billion by 2018. This suggests a CAGR growth rate of around 26% between 2013 and 2018.
Enterprises have been witnessing a growing need for video interfaces in communication, due to its ability to improve productivity and outreach. Enterprise video brings flexibility in remote working conditions and reduces the overall capital expenditure. The growing demand for on-demand video services, advancements in technology and use of collaborative techniques in video content delivery are driving the market for enterprise video.
The latest advancements in video technologies are high efficiency video codec, alter-HD, web real-time communication, search, indexing, captioning, Transcoding and aggregation. These technologies are enriching the video delivery among enterprises. Though these technologies are still in nascent phase, but it is expected to grow at a rapid rate in the coming years.
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