USD 46.63 Billion for Global Enterprise Video Market by 2022

Press Release   •   Jan 08, 2018 02:04 EST

Zion Market Research has published a new report titled “Enterprise Video Market by Type, Video Conferencing, Web Conferencing, Video Streaming, by Industry, BFSI, Telecom & IT, Healthcare, Transportation & Logistics, Media & Entertainment: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, global enterprise video market was valued around USD 18.94 billion in 2016 and is expected to reach USD 46.63 billion by 2022, at a CAGR of 16.20% for the forecast period from 2017 to 2022.

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Enterprise video technology improves organizational communication proficiency through measures such as on-demand video and flexibility in remote working conditions. Enterprise video technology also incorporates collaborative techniques into an organization’s functioning. The advancement in enterprise video technology such as superior video codec, web-based real-time communication, captioning, indexing & transcoding and aggregation are expected to drive the demand for enterprise video during the forecast period. The global enterprise video market is expected to expand at a CAGR of approximately 16.20% from 2017 to 2022, reaching USD 46.63 billion by 2022.

Enterprise video has gained toehold these days, owing to the large use of video technologies and services among enterprises. Effective communication is a very important need for every organization. Nowadays, communicating with co-employees for implementation of any new policy or announcement of any changes and taking feedback becomes very essential in order to increase the efficiency of the organizations. Enterprise video system helps the personnel to vitally communicate with each other without making any physical presence. Mounting size of the organization and high demand for on-demand services are some of the major factors which are driving the market of enterprise video market whereas deployment cost and need of technical hands are some of the restrainings of the market.

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The report provides a segment analysis of enterprise video market by type, by industry and by geography. The type segment includes video conferencing, web conferencing and video streaming. The report provides the market size and forecast for the industry segment which includes BFSI, telecom & IT, healthcare, transportation & logistics and media & entertainment. The regions such as North America, Europe, APAC, Latin America and the Middle East and Africa have been covered in the report.

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The Key participants profiled in the report are Altus365, AT&T, Avaya, Aver Information, AVI-SPL Inc., Broadpeak, BT Conferencing, Cisco Systems, Epiphan, Hikvision, Huawei, Kaltura, Kontiki, Level 3 Communications, Librestream, NTT Communications, Polycom, Sonic Foundry, Tegrity, Telestream, Tremor Video, Vidtel and Vidyo.

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