Enterprise Video Market Summary
As per Market Research Future Analysis, the Enterprise Video market is poised for significant growth, projected to expand from USD 16.90 billion in 2024 to USD 31.17 billion by 2032, reflecting a CAGR of 7.95% during the forecast period. The market was valued at USD 15.49 billion in 2023, driven by the need for improved operational efficiency and enhanced remote collaboration among employees. Key trends include the rising adoption of cloud-based video platforms and video analytics, which are transforming enterprise communication and content management. The healthcare sector leads in revenue generation, utilizing video solutions for telemedicine, while North America remains the dominant regional market due to high adoption rates of video conferencing solutions.
Key Market Trends & Highlights
The Enterprise Video market is experiencing robust growth driven by several key trends.
- Market size in 2024: USD 16.90 billion; projected to reach USD 31.17 billion by 2032.
- Corporate learning applications generated the highest revenue, driven by increased demand for video solutions in IT and telecom.
- Video conferencing segment dominated revenue, enhancing real-time communication and productivity.
- Healthcare industry led market revenue, leveraging video solutions for telemedicine during the pandemic.
Market Size & Forecast
2023 Market Size | USD 15.49 billion |
2024 Market Size | USD 16.90 billion |
2032 Market Size | USD 31.17 billion |
CAGR | 7.95% |
Major Players
Key players include Microsoft, Google, Cisco Systems, Poly, and Kaltura, focusing on R&D and strategic partnerships.