12-Sep-2019: 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.
In
depth research report on 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
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About
Grand View Research
Grand View Research, Inc. is the
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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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