Future Market Insights, a leading market research and consulting firm, has unveiled insightful findings regarding the global enterprise video market, projecting a substantial growth trajectory over the next decade. According to the research, the enterprise video market is anticipated to surge from US$ 21.23 Billion in 2022 to a staggering US$ 77.32 Billion by 2032, at an impressive compound annual growth rate (CAGR) of 13.8%.

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Background noise—either from other participants or from their own side of the call—was mentioned as a source of two of the top five difficulties. Many suppliers of enterprise video solutions are working on sophisticated noise removal technology.

The worldwide enterprise video market is being driven by the need to increase operational efficiency and productivity. In recent years, several businesses have embraced the Bring Your Own Device (BYOD) and Carry Your Own Device (CYOD) policies.

These technologies allow employees to engage with business data from a variety of places. These solutions complement one other since BYOD and CYOD rules and enterprise video solutions provide employees greater flexibility.  Many firms are expected to use enterprise video solutions to allow their employees to connect with one other or with clients since many have accepted the BYOD and CYOD policies.

Manufacturers in the enterprise video market get a big platform from which to serve the whole demand for enterprise video. The worldwide sales of enterprise video are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for enterprise video more accessible to customers.

Key Takeaways:

 Enterprise video solutions are being used by businesses for applications such as video conferencing and live streaming, which allow employees to communicate and interact with one another in real-time.
During the projected period, the cloud deployment option is predicted to increase at the fastest CAGR. Service providers provide cloud or hosted enterprise video solutions as a software as a service (SaaS).
The adoption of enterprise video solutions as SaaS is developing as the best practice for firms looking for cost-effective functionality, thanks to improvements in cloud-based technology.
During the projection period, the healthcare and life sciences sector is predicted to develop at the fastest CAGR. Enterprise video collaborations allow healthcare professionals in the telemedicine and patient care, medical education, and healthcare administration applications to provide better communication choices to their patients, allowing them to provide better treatment.
Face-to-face conversations between patients, healthcare staff, and family members to discuss various treatment choices are possible with enterprise video solutions, which can be used anywhere in the world.
Competition Analysis and Regional Trends:

As the enterprise video market continues to expand, competition among key players is intensifying. Market leaders are focusing on enhancing their product portfolios, incorporating advanced features, and delivering exceptional user experiences. Additionally, regional trends indicate varying degrees of adoption, with North America and Asia-Pacific emerging as prominent growth regions, driven by technological advancements and increasing digitalization.

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The enterprise video market has witnessed substantial growth in tandem with the increasing demand for advanced enterprise collaboration and communication solutions. The ongoing pandemic has further accelerated this trend, underscoring the critical role of video-based communication in maintaining business continuity and sustaining employee engagement.

The adoption of enterprise video solutions and services has gained significant momentum during the pandemic, contributing positively to the overall growth of the enterprise video market. The technology has played a pivotal role in ensuring seamless communication and collaboration amidst remote work setups, thereby supporting business efficiency and employee productivity.

Key Segments

By Solution:

Video Conferencing
Video Content Management
Webcasting
By Services:

Integration & Deployment
Managed Service
Professional Service
By Deployment:

Cloud
On-premises
By Application:

Corporate Communications
Training & Development
Marketing & Client Engagement
By Delivery Technique:

Downloading/ Traditional Streaming
Adaptive Streaming
Progressive Downloading
By Organization Size:

Large Enterprise
Small & Medium Enterprise (SME)
By End-use:

IT & Telecom
Banking, Financial Services, and Insurance (BFSI)
Healthcare & Life Sciences
Media & Entertainment
Education
Retail & Consumer Goods
Others