Transparency Market Research has published a new report titled "Enterprise Video Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" to its report store.
Albany, NY -- (SBWIRE) -- 09/26/2014 -- The constantly evolving rapid globalization has stirred up the need for effective communication systems. Today, the enterprise video market has defined the entire market needs based on services, software, and hardware implemented during various delivery stages. Whether you need video on demand, live webcasting, want to make a video call, or connect through centralized video content libraries, enterprise video content solutions enable companies and organizations to engage, transform, capture, and share video-based information and knowledge in relevant and meaningful ways.
Browse Full Report Enterprise Video Market Research Report With Full TOC
Video Interface System is the key solution for Business and Personal Communications
The majority of the companies in the world are experiencing an escalating need to use video systems and company-wide video interfaces and communication systems to increase their organization’s outreach, profit and productivity. The key to aligning company’s work towards the company vision is a huge challenge, and this can be achieved through a consistent and an engaging video communication interface.
In this YouTube-generation, business leaders and employees reach out to their clients effectively with the help of enterprise video systems. Video communications are an immediate replacement of mass mails. It is also the quickest way to make long conference calls or attend expensive on-site meetings overseas. The enterprise video market is impactful, immediate to the contemporary methods, and highly engaging.
Enterprise video reduces the overall capital expenses and brings maximum flexibility in inaccessible working conditions. Due to its ability to outreach the audience and improve the productivity of an organization, enterprise video systems have grown rapidly over the past few years.
Most of the successful business leaders and leading companies in the world are embracing the significance of using video communication systems because the value and the need of reaching and connecting to business partners, clients, personal friends or relatives is just at a cost of sharing a vision over an interface.
The enterprise video market offerings have applications such as knowledge sharing and management, learning and development, and corporate communications and more. The application areas include BFSI, transportation and logistics, manufacturing, academia and government, media and entertainment, consumer goods and retail, healthcare, telecom and IT.
With the advancements of enterprise video solutions across the globe, companies now have adopted a decentralization of their business environment.
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The Potential within the Enterprise Video Global Market
The enterprise video services are utilized on a large scale across various sectors in the world. This market is suitably segmented into sections based on the three categories namely hardware, software, and services. The market schemed on the basis of software is classified as video analytics software, video content management, video security software, video asset management, video collaboration software, and video encoding and decoding software. Subsequently, the market segmented on the basis of hardware includes video casting devices, video recording and storage devices, video distribution, video management and control.
The video market has dramatically kept people aligned, productive, and motivated toward their workforce and personal lives. The use of video in enterprises has become popular and prominent in the market today. The need for such systems arises due to the necessity of delivering and communicating private information or data conveniently and effectively.
Moreover, enterprise videos are facilitating organizations to promote Bring Your Own Device (BYOD) culture into our environment. Even the mass adoption of cloud technologies in the enterprise video market is helping to create realistic surroundings for video communications and conferencing. Now-a-days, the major reason for the growth of the enterprise video market is the constantly rising demand of streaming video services and video conferencing facilities among companies.
Market Forecast of Enterprise Video Market
With the introduction of newer technologies, our recent times bring us various advancements in enterprise video technologies such as web real-time communication, alter-HD, indexing, high efficiency video-codec, transcoding, search, aggregation, and captioning. Though the growth of these existing technologies in the enterprise video market is still emerging, it is expected to further increase at a rapid pace over the forecast period. The global enterprise video market will grow from $11.21 billion to $35.57 billion from 2013 to 2018, with a Compound Annual Growth Rate (CAGR) of 25.9% during the same forecast period.
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