Enterprise Video Market Size & Share | Global Report, 2027

 

Enterprise Video Market

The Enterprise Video Market was valued at USD 14,793 Million in 2019 and projected to grow at a CAGR of 9.8% over the forecast period (2020-2027).

The factors driving the growth of Enterprise Video Market includes growing demand for on-demand services and video streaming, increasing penetration, and rising adoption of smartphones across the world. As per Counter Point Research, the Global smartphone shipments increased to 4% YoY and reached 1.39 billion units in 2021, which will accelerate the Global Enterprise Video Market in the coming years. Moreover, the rising technological innovation in video technology such as Codec and growing emphasis by companies on developing Content Delivery Networks (CDNs) for faster delivery of multimedia internet content, are expected to boost the Enterprise Video Market Size in the approaching years. In addition, the emerging demand for Voice over Internet Protocol (VoIP) technology and face recognition technology, which can be used in video conferencing, are expected to play key role in the overall market growth.

However, the growth of Enterprise Video Market is hindered due to high infrastructure cost and network connectivity issues.

The major players operating in the market are LogMeIn, Inc., RingCentral, Inc., Zoom Video Communications, Inc., IBM Corporation, Microsoft, Cisco Systems, Adobe, Amazon Web Services, Inc., Plantronics, Inc., and Avaya Inc. among others.

Type – Segment Analysis

Based on the type, the video conferencing is estimated to expand at a faster CAGR over the forecast period due to emerging need to streamline the communication process in the workforce and growing adoption of video conferencing by big enterprises.

Deployment – Segment Analysis

Based on the deployment, the cloud segment is projected to witness a significant rate over the forecast period due to growing demand for SMEs in the emerging economies and increased adoption of remote working models.

End-Use Industry – Segment Analysis

Based on the End-Use Industry, the healthcare industry is estimated to lead the market over the forecast period due to increasing number of online medical consultations and expanding telemedicine industry across the globe.

Regional – Segment Analysis:

Based on the region, the North American region is predicted to dominate the market over the forecast period. The increasing internet penetration, presence of leading players such as Microsoft and Adobe, growing investment primarily in the research and development of advanced technologies and high disposable incomes, are some of the factors propelling the market growth in North America.

Market Segmentation

Global Enterprise Video Market by Type

  • Video Conferencing
  • Video Content Management
  • Webcasting

Global Enterprise Video Market by End-Use Industry

  • BFSI
  • Government
  • Retail
  • Healthcare
  • IT and Telecom
  • Others

Global Enterprise Video Market by Deployment

  • On-Premise
  • Cloud

Global Enterprise Video Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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