Global Enterprise Video Market Is Valued At 3682.09 Million USD In 2017
Tuesday, 12 Feb, 2019
According to the report, global revenue for enterprise video market was valued at $ 3682.09 million in 2017, and is expected to generate revenue of $ 10408.96 million by end of 2025, growing at a CAGR of 13.87 % between 2017 and 2025.
From a competitive perspective, enterprise video is a dynamic and crowded market. Several vendors look at this market from different angles. There are traditional webcasting companies such as Sonic Foundry, VBrick, and Qumu. Video conferencing vendors, like Cisco and Polycom; online video platforms providers, such as Brightcove and Kaltura, have all entered the enterprise video market with their own solutions. The 2017 enterprise video market was led by Cisco Systems, followed closely by Polycom. Other key participants included Huawei, ZTE, Brightcove, Ooyala, Haivision, Kaltura, Avaya and ThePlatform (Comcast Technology Solutions), among others.
From a customer perspective, laying out an enterprise-wide video strategy has significant benefits in terms of time, cost savings, and choosing the right enterprise video solution. Security, scalability, and ease of use drive widespread adoption. Vendors must focus on these elements to win market shares. North America is the largest and fastest-growing market for enterprise video solutions globally. The United States is the single largest country market. Over the next years, North America and Europe market will lead the way, followed closely by the Japan and China markets.