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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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.
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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
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- 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.
For more info visit @ https://www.grandviewresearch.com
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