Global Enterprise Streaming Media Market Size study & Forecast, by Solution (Video Conferencing, Video Content Management, Webcasting, Web Conferencing), by Service (Professional Service, Managed Service, Support & Maintenance), by Deployment (On-premise, Cloud), by Enterprise Size (Small & Medium Enterprise, Large Enterprise) by Application (Team Collaboration & Knowledge, Transfer, Corporate Communication, Training & Development, Marketing, Others), by End-use (BFSI, Healthcare, Manufacturing, Government, IT & Telecom, Media & Entertainment, Retail, Others) and Regional Analysis, 2022-2029
Global Enterprise Streaming Media Market is valued at approximately USD 8.23 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17.80% over the forecast period 2022-2029. Platforms known as ""Enterprise Video Platforms"" provide answers to the specific challenges of managing the video communications and content of a business. The major driving factors for the market are rising OTT subscriptions, the growing interest of consumers in video streaming and the rising number of smartphone users driving the growth for the market over the forecast period. Moreover, growing preferences for online streaming services over traditional TV is creating a lucrative growth opportunity for the market over the forecast period.
The India Brand Equity Foundation (IBEF) reports that there were 22.2 million OTT customers in India in March 2020 and 29 million in July of the same year. Along with this, Statista reports that there has been a growth in the number of OTT platform subscriptions in the US. In 2018, there were 170.1 million OTT subscriptions in the US, and this number is expected to reach 197.7 million in 2022. In addition, the same source cited above estimates that in 2018, there were 969.85 million smartphone users in China, and that figure will rise to 1287.28 million by 2026. However, the high content creation cost and the threat of content privacy stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Enterprise Streaming Media Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to its tech-savvy population, enhanced internet, and communication network infrastructure, and higher-than-average number of internet users, North America dominated the market in 2021. Most businesses in the area are early adopters of cutting-edge technologies and enthusiastic about creating and implementing the most recent solutions to boost operational effectiveness. A sizable number of IT firms have established offshore service delivery centres in the Asia Pacific. A decrease in operational expenses is made possible by the availability of competent labour, improved urban and digital infrastructure, and favourable foreign direct investment (FDI) laws.
Major market player included in this report are:
Apple Inc.
Avaya Inc.
Adobe Systems Inc.
AVI-SPL Inc.
Haivision Systems Inc.
Cisco Systems, Inc.
Microsoft Corporation
SAP AG
Polycom, Inc.
Spirent Communications PLC
Recent Developments in the Market:
For its video streaming and enterprise video platforms, IBM unveiled a replacement video functionality in March 2021. This makes it possible for companies to swap out old films for more modern ones without having to worry about URL connections or circumstances where the video was embedded.
Degreed, a platform for workforce upskilling, and video cloud Kaltura have teamed to make it possible to integrate video in talent development quickly and easily starting in April 2020. The collaboration will make it easier for learning and talent teams to produce, organise, secure, and integrate videos into both organised training sessions and self-directed learning activities.
Global Enterprise Streaming Media Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Solution, Service, Deployment, Enterprise Size, Application, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Solution offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Solution:
Video Conferencing
Video Content Management
Webcasting
Web Conferencing
By Service:
Professional Service
Managed Service
Support & Maintenance
By Deployment:
On-premise
Cloud
By Enterprise Size:
Small & Medium Enterprise
Large Enterprise
By Application:
Team Collaboration & Knowledge Transfer
Corporate Communication
Training & Development
Marketing
Others
By End-Use:
BFSI
Healthcare
Manufacturing
Government
IT & Telecom
Media & Entertainment
Retail
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
Apple Inc.
Avaya Inc.
Adobe Systems Inc.
AVI-SPL Inc.
Haivision Systems Inc.
Cisco Systems, Inc.
Microsoft Corporation
SAP AG
Polycom, Inc.
Spirent Communications PLC
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