The global enterprise streaming media market size is expected to reach USD 57.57
billion by 2025, expanding at a CAGR of 17.8% from 2018 to 2025, according to a
new study conducted by Grand View Research, Inc. Increase in internet
penetration has enabled multi-national companies (MNCs) to adopt streaming
media solutions as an effective alternative tool for conducting meetings,
conferences, product presentations, client interactions, and other corporate
communication. Thus, facilitating content delivery with a customized and
interactive approach.
Companies across varied verticals are
focusing on deploying advanced enterprise streaming media solutions to
communicate and deliver content to geographically dispersed workforce and
strategic business units. The solutions enable companies to reduce communication
costs and improve the quality of presentation and interaction. It also enables
companies to develop and deliver customized training modules for their
employees. Human resource teams of companies are using webcasting to offer
training programs and skill development courses to employees.
Most companies are deploying enterprise
streaming media solutions to improve their service delivery models and to
effectively compete in the rapidly evolving business environment. Government
agencies and educational institutions are also using enterprise streaming media
to deliver online learning courses to students located in remote locations that
lack conventional classroom-based infrastructure.
For instance, the Government of India
launched SWAYAM, a free online education platform in July 2017. The platform
was developed by the All India Council for Technical Education (AICTE) and the
Ministry of Human Resource Development (MHRD) with the assistance of Microsoft
Corporation. SWAYAM is capable of hosting approximately 80,000 hours of
learning and 2,000 courses that include postgraduate, school, undergraduate,
law, engineering, and other professional courses.
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https://www.grandviewresearch.com/industry-analysis/global-enterprise-streaming-media-market
Further key findings from the study suggest:
· The video conferencing segment is
anticipated to be the fastest-growing segment over the forecast period, owing
to increasing focus of companies on deploying high-end devices to offer an
immersive experience to users
· The corporate communications segment is
expected to gain traction owing to increase in mobile workforce due to
geographical business expansion
· The cloud segment is estimated to expand at
the highest CAGR over the forecast period as it offers increased operational
flexibility and rapid deployment capability to enterprises
· The BFSI segment is likely to maintain its
dominance and also emerge as the fastest-growing segment over the forecast
period as enterprise streaming media provides banks with enhanced branch
communication capability by facilitating easy sharing of digital audio and
video with customers
· Asia Pacific is poised to experience the
highest CAGR from 2018 to 2025, as MNCs continue to expand their business
operations and presence in the region.
· Key players operating in the enterprise
streaming media market include Adobe Systems Inc.; Apple Inc.; Avaya Inc.;
AVI-SPL Inc.; Cisco Systems; Haivision Systems Inc.; Microsoft Corporation,
Polycom, Inc.; SAP AG, and Spirent Communications PLC.
Grand View Research has segmented the
global enterprise streaming media market based on solution, service,
deployment, enterprise size, application, end use, and region:
Enterprise Streaming Media Solution Outlook
(Revenue, USD Million, 2014 - 2025)
·
Video Conferencing
·
Video Content Management
·
Webcasting
·
Web Conferencing
Enterprise Streaming Media Service Outlook
(Revenue, USD Million, 2014 - 2025)
·
Professional Service
·
Managed Service
·
Support & Maintenance
Enterprise Streaming Media Deployment
Outlook (Revenue, USD Million, 2014 - 2025)
·
On-premise
·
Cloud
Enterprise Streaming Media Enterprise Size
Outlook (Revenue, USD Million, 2014 - 2025)
·
Small & Medium Enterprise
·
Large Enterprise
Enterprise Streaming Media Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Team Collaboration & Knowledge Transfer
·
Corporate Communications
·
Training & Development
·
Marketing
·
Others
Enterprise Streaming Media End Use Outlook
(Revenue, USD Million, 2014 - 2025)
·
BFSI
·
Healthcare
·
Manufacturing
·
Government
·
IT & Telecom
·
Media & Entertainment
·
Retail
·
Others
Enterprise Streaming Media Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
