Skip to main content

Global Enterprise Video Market to Grow with a CAGR of 11.2% From 2016 to 2023: Credence Research

According to a new market research report published by Credence Research “Enterprise Video Market(Video Conferencing, Web Conferencing, Webcast & Webinars, Video Streaming) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”, the global enterprise video market is estimated to expand with a CAGR of 11.2% from 2016 to 2023.
Market Insights:
Enterprise video solutions are different audio/video communication techniques designed for collaboration that enable one-way and two-way communication. In the past several years, enterprise video solutions have witnessed exponential growth among the corporate enterprises as well as personal use. Due to rising competition amidst the businesses worldwide, the organizations seek reliable and scalable communication solutions so as to accelerate decision making and other processes. As a result, different video solutions such as video conferencing, webcasting, web conferencing and video streaming have evolved over the period of time.
The enterprise video solutions market is highly driven by the rising adoption of advanced video solutions by the corporate enterprises across different sectors. Business organizations have worldwide locations making it difficult for the individuals to coordinate and communicate among themselves. Enterprise video solutions such as video conferencing enables two-way communication among the people irrespective of their location. This largely helps in saving overheads and time required for travelling. Another major factor propelling the market growth is the rise in adoption of internet services and communication technology. In various developed countries, internet infrastructure is highly developed enabling effective and reliable collaboration.
Video solutions are available both; on-premise set-up as well as cloud-based. With the rising shift towards BYOD (bring your own device) concept, business enterprises are increasingly turning towards cloud-based video solutions. This helps the enterprise communicate with their employees irrespective of their location. As a result, the market is witnessing a paradigm shift towards cloud-based solutions due to their low costs as compared to the on-premise deployment.
Competitive Insights:
The global enterprise video market is highly competitive in nature with market players focusing on establishing presence across different modes of communication. The enterprise video market is highly technology driven making the overall market competitive in nature. Companies focus on providing cloud-based solutions with better scalability in order to maintain their competitive edge in the market. Major companies dominating the market include Alcatel–Lucent, Cisco Systems, Inc., IBM Corporation, Avaya, Inc., Huawei Technologies Co., Ltd., Polycom, Inc. and Verizon Communications, Inc. among others.
Due to rising advancement in the video formats and communication technologies, consumers now demand high-definition video collaboration with better scalability. Simultaneously, due to presence of significant number of players in the market competitive pricing too becomes a concern for the market players. Thus, most of these players focus on offering viable, scalable and cost-effective solutions in order to sustain in the market.
Key Trends:
  • Shift towards cloud-based enterprise video solutions
  • Providing application specific video solutions for enterprises
  • Introduction of high quality enterprise video solutions comprising HD video service
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
Ph: 1-800-361-8290

Comments

Popular posts from this blog

Algae Products Market Key Growth Factors and Industry Analysis 2023: Credence Research

According to a new market report published by Credence Research “ Algae Products Market  - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023,” the algae products market is expected to reach US$ 44.7 Bn by 2023, expanding at a CAGR of more than 5.0% from 2016 to 2023. Browse the full report at  http://www.credenceresearch.com/report/algae-products-market Market Insights: Algae are a diverse group of photosynthetic organisms which are not closely related and hence are known to be polyphyletic. They are plats which range from microalgae to macro algae. Algae are grown using water resources such as sea and waste water which are not suitable for growing agricultural crops. Microalgae grow using sunlight i.e. photosynthesis, by converting sunlight, CO2 and nutrients such as phosphorus and nitrogen into biomass. This growth is also known as autotrophic growth. Some algae can grow in the dark using sugar starch or by combining both the growth modes. Based on applica

Articulated Arm Machine Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023

According to a new market report published by Credence Research, Inc., “ Articulated Arm Machine Market  (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Price (Low-end Articulated Arms, Mid-range Articulated Arms, and High-end Articulated Arms)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global articulated arm machine market is expected to witness steady growth in demand, expanding at a CAGR of 8.2% during the forecast period 2016 to 2023. Browse the full Articulated Arm Machine (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Price (Low-end Articulated Arms, Mid-range Articulated Arms, and High-end Articulated Arms)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at  http://www.crede

Artificial Intelligence Market: Industry Analysis Size, Share, Growth, Trends, Opportunities and Forecast 2016 To 2025 – Credence Research

According to a new market research report published by Credence Research “ Artificial Intelligence Market  (By Technology: Deep Learning, Robotics, Digital Personal Assistant, Querying Method, Neuro-Linguistic Programming and Context-Aware Processing; By End-use Industry: Manufacturing and Processing, BFSI, Oil and Gas, Healthcare, Agriculture, Automotive and Transportation, Retail and Others) - Growth, Future Prospects, and Competitive Landscape, 2017-2025”, artificial intelligence market was valued at US$ 1.36 Bn in 2016 and is expected to grow at a CAGR of 52% during the forecast period from 2017 to 2025. The complete report is available at  http://www.credenceresearch.com/report/artificial-intelligence-market Market Insights Artificial intelligence can be defined as the technology used to create intelligent computing system. The systems equipped with artificial intelligence do not require constant human intervention or supervision to carry out the designated process. A syst