MarketsandMarkets Forecasts Enterprise Video Market to Reach $32.87 Billion by 2019
Increasing outreach and productivity is one of the key missions of every organization today. Several businesses have been realizing the importance of enterprise video technology, which will enable them to securely manage, deliver, engage, and share video across their organization. Also, the use of collaborative techniques in video content delivery is driving the market for enterprise video.
MarketsandMarkets, a global market research and consulting company recently unveiled a new report which indicated that the global Enterprise Video Market is likely to grow from $13.01 billion in 2014, to $32.87 billion in 2019. This represents a compound annual growth rate of 20.4% during the forecast period.
The report, entitled "Enterprise Video Market by Delivery modes (Web Conferencing, Webcasting, Video Conferencing), Applications (Corporate Communication, Learning and Development, Knowledge Sharing and Management) - Global Advancements, Worldwide Forecasts & Analysis (2014-2019)", provides a comprehensive market and forecast analysis of the overall market, segmented by delivery modes, applications, regions and verticals.
The report covers all the major sub-segments of the Enterprise Video Market, and provides the quantitative and qualitative for those segments.
The report highlights on some of the latest advancements in video technologies, which 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.
According to the researcher, though these technologies are still in nascent phase, it has all chances to grow at a rapid rate in the coming years.
MarketsandMarkets’ comprehensive report on the Enterprise Video Market covers aspects like key drivers, restraints and opportunities in this market, major players in this market, competitive landscape and overall perspective on the enterprise video market in various verticals and regions.
Edited by Adam Brandt