The enterprise video market size will touch USD 31 billion at a 13% CAGR between 2016- 2022, as per the Market Research Future (MRFR) analysis. Enterprise video platform is akin to content management systems having proprietary content, chiefly videos for internal combustion of enterprise members. This is basically a communication hub for the general public, stakeholders, partners, vendors, and employees. Owing to its alluring features and benefits it has wide applications in corporate learning, training and development, and others.
Various factors are propelling the global enterprise video market growth. As per the MRFR report, such factors include growing adoption of cloud technology, demand for video as a device to improve association and communication across enterprises, rising internet penetration, burgeoning demand for video streaming, growing need for organizations to reduce operational expenses, and used as an effective tool by marketers. The COVID-19 pandemic had a positive impact on the market for the growing trend of remote working as well as collaborative approach that has led to the demand for content management and video conferencing.
On the contrary, financial challenges, technical difficulties, and slow internet connections may deter the global enterprise videos industry growth over the forecast period.
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The Market Research Future Report highlights an inclusive segmental analysis of the global enterprise video market based on industry, delivery mode, application, services, and components.
By components, the global enterprise video market is segmented into software and hardware.
By services, the global enterprise video market is segmented into managed and professional.
By application, the global enterprise video market is segmented into corporate learning, training and development, and others.
By delivery mode, the global enterprise video market is segmented into web conferencing, video conferencing, and others.
By industries, the global enterprise video market is segmented into telecom and IT, oil and gas, aerospace and defense, healthcare, media and entertainment, manufacturing, BFSI, and others. Of these, BFSI segment will lead the market over the forecast period.
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