Enterprise Video Global Market to Reach $31.4 Billion by 2027 at a CAGR of 9.7%
DUBLIN, Dec. 20, 2022 /PRNewswire/ -- The "Enterprise Video Market by Offering, Application (Corporate Communications, Training & Development, and Marketing & Client Engagement), Deployment mode, Organization Size, Delivery Technique, Vertical, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The interactive and seamless enterprise communication and collaboration help organizations maintain operational efficiency and meet business goals. However, the lack of strong communication tools significantly limits employee productivity. According to a Cisco global survey focused on the future of work, 98% of workers stated that they experienced frustration from distractions during video meetings when working from home.
The increasing demand for better video solutions is encouraging enterprise video vendors to update their solutions with advanced technologies such as noise cancellation and speech recognition technologies and to help enterprises in improving operational efficiency and productivity.
By offering, Solutions segment to account for a larger market size during the forecast period.
Effective enterprise collaboration offers a seamless video experience for various application areas, such as marketing, client engagement, knowledge sharing, team collaboration, and employee training. The advanced enterprise video solutions also comply with regulations, such as HIPPA and GDPR, making it easier for highly regulated industries to adopt these solutions. Major enterprise video solution vendors are gradually adopting smart technologies, such as cloud computing, 5G, and AI and ML, to offer an advanced suite of solutions to cater to the business needs of the customers; this factor is expected to provide growth opportunities to the enterprise video solutions in the upcoming years.
By vertical, Healthcare & Life Sciences segment is to grow at the highest CAGR during the forecast period.
The healthcare and life sciences vertical deals with diverse clinical, administrative, and financial content on a daily basis. Enterprise video collaborations enable healthcare providers in telemdicine and patient care, medical education, and healthcare administration applications to offer enhanced patient care by providing them with improved communication options. Currently, the enterprise video market is witnessing increased growth opportunities in the healthcare and life sciences vertical. This growth can be attributed to the increasing requirement for video solutions to enhance clinical collaborations, staff training, medical education, and healthcare communication.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Enterprise Video Market, by Component
7 Enterprise Video Market, by Deployment Mode
8 Enterprise Video Market, by Delivery Technique
9 Enterprise Video Market, by Organization Size
10 Enterprise Video Market, by Application
11 Enterprise Video Market, by Vertical
12 Enterprise Video Market, by Region
13 Competitive Landscape
14 Company Profiles
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Research and Markets
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SOURCE Research and Markets