July 30, 2019 10:24 ET | Source: Reports and Data
New York, July 30, 2019 (GLOBE NEWSWIRE) -- Increased demand for minimized operational expenses, rise in internet
penetration, elevated demand for video streaming, and enhanced adoption rate of video as a communication tool is boosting
the enterprise video market.
The Global Enterprise video market is forecast to reach USD 24.09 Billion by 2026, according to a new report by Reports and
Data. The Enterprise video market is forecasted to witness signi5cant growth during the forecast period. Some of the primary
factors contributing to the growth of the market are increased demand for video streaming, continuous expansion in the number
of internet users, and advancements in cloud technology. In addition to these factors, one of the essential factors contributing
to the development of the enterprise video market is the globalization of various industries. The increased emphasis on
globalization among different enterprises has resulted in rising demand for enhancing their internal as well as external
communication process and remain well connected with their employees located in different locations. The increasing need for
improving enterprise communication process has resulted in rising demand and incorporation of enterprise video in the
communication system of the enterprises that are propelling the growth of the market.
Apart from the factors speci5ed above, different initiatives taken by the key players of the market is also boosting the growth of
the enterprise video market. As an instance, in 2016, IBM, a key player of the market, had introduced a software solution for
enterprises- Ustream eCDN that helps in delivering enhanced video streaming services. Such advancements made by key
players of the market plays a pivotal role in the expansion of the enterprise video market.
In regards to region, Europe occupies the second largest market share in the enterprise video market. The prominent market
presence of Europe in the enterprise video market is attributed t