Global enterprise video market worth nearly US$33 billion by 2019

MarketsandMarkets has added a new report on enterprise video to its portfolio. Enterprise Video Market by Delivery modes (Web Conferencing, Webcasting, Video Conferencing), Applications (Corporate Communication, Learning and Development, Knowledge Sharing and Management) - Global Advancements, Worldwide Forecasts & Analysis (2014-2019) forecasts the global enterprise video market will grow from US$13.01 billion in 2014 to US$32.87 billion in 2019. This represents a compound annual growth rate (CAGR) of 20.4% during the forecast period. 

According to MarketsandMarkets, enterprises have recognised that video can improve productivity and outreach. Enterprise video brings flexibility in remote working conditions and reduces the overall capital expenditure, the company said. 

Drivers for enterprise video include interest in on-demand video services, and the use of collaborative techniques in video content delivery. 

The report covers emerging video technologies such as the high efficiency video codec, alter-HD, web real-time communications, search, indexing, captioning, transcoding and aggregation.