The forecast for the global enterprise video market is estimated to grow from $11.21 billion in 2013 to $35.57 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 25.9% during the same forecast period.
Albany, NY -- (SBWIRE) -- 11/21/2016 -- Transparency Market Research's report titled 'Enterprise Video Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019' is a valuable resource for market projections based on current industry trends, growth drivers and inhibitors. The report features an in-depth analysis of major recent developments that will shape the enterprise video market in the years ahead. Some of the key aspects of this report include segment-wise CAGR figures, analysis using Porter's five force model, and an information-rich Company Profiles section. This report also features a review of macro and micro factors that will play an important role in creating opportunities for existing and new market players. A detailed value chain analysis adds further value to this report to help you make well-informed decisions.
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For the purpose of coherence, this market research report segments the enterprise video market based on hardware, software, services, and industry verticals.
Market overview
The need for effective communication systems has become more evident as globalization shrinks our workplaces and personal networks. Companies that need to bolster effective collaboration between global workforces are looking at video interfaces as an effective means. Video interfaces are preferred mainly due to their ability to increase productivity and outreach.
This market can be segmented on the basis of:
Hardware: Video management and control, video casting devices, video recording and storage devices, and video distribution
Software: Video encoding and decoding software, video collaboration software, video content management, video security software, video analytics software, and video asset management
Services: System integration, consulting, managed services, and other services
Delivery modes: Video streaming, video conferencing, web conferencing, and video conferencing
Industry verticals: Academia and government, and telecom and IT, banking and financial services (BFSI), consumer goods and retail, healthcare, manufacturing, media and entertainment, transportation and logistics
Applications: Corporate communication, learning and development, and knowledge sharing and management
A burgeoning BYOD (bring your own device) culture and the widespread reliance on cloud technologies are some of the factors driving growth in the enterprise video market, with newer platforms being introduced. Many corporations report that the use of enterprise video service for communication enables them to not only improve flexibility in remote operating environments, but also curtail capital expenditure.
Geographically, the technologically developed countries in North America and Europe are considered as being leaders in the video enterprise industry. On the other hand, many emerging countries in the Asia Pacific region are likely to boost growth in the enterprise video market.
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Key market players that have been profiled in this report include:
Leading players in the enterprise video market 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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