Artificial Intelligence
The Worldwide Enterprise Video Industry is Expected to Reach $25.6 Billion by 2025
Dublin, Jan. 26, 2021 (GLOBE NEWSWIRE) — The “Global Enterprise Video Market by Component (Solutions [Webcasting, Video Content Management, Video Conferencing] and Services), Deployment Mode, Application, Delivery Technique, Vertical (BFSI, Healthcare and Life Sciences) and Region – Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global enterprise video market is expected to grow from USD 16.4 billion in 2020 to USD 25.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period.
The enterprise video market is driven by various factors, such as rising internet penetration and growing demand for video streaming along with the increasing need of organizations for connecting remote workforce. However, network connectivity and infrastructure issues and data security concerns can hinder the growth of the market.
By component, services segment is expected to grow at the highest CAGR during the forecast period
With the increasing adoption of enterprise video solutions, the demand for supporting services is also growing among end users. Enterprise video services include professional services and managed services. Professional service providers offer technical support to end users of enterprise video solutions. Adopting enterprise video services helps organizations focus on their core competencies rather than managing their enterprise video solutions.
By deployment mode, cloud segment is projected to grow at the highest CAGR during the forecast period
Cloud or hosted enterprise video solutions are provided as SaaS by service providers. These solutions convert fixed costs of services to variable costs as customers pay according to the services used by them. The advantage of cloud deployment of these solutions is the reduced physical infrastructure requirement, which results in low maintenance costs for organizations. Moreover, cloud deployment also enables 24×7 accessibility from anywhere. Cloud-based enterprise video solutions are an excellent option for one-time events and occasional content services. With advancements in cloud-based technologies, the use of enterprise video solutions as SaaS is emerging as one of the best practices for companies looking to deploy cost-effective functionalities. Cloud-based enterprise video solutions also offer real-time visibility of data to employees, thereby enabling organizations to communicate with different departments before, during, and after each meeting.
BFSI vertical is expected to hold the largest market share in 2020
Enterprise video solutions enable BFSI enterprises to carry out enhanced branch communication through the sharing of audio, video, and digital content with their customers. These solutions empower organizations to transform branches into sales and service channels without employing additional onsite staff. The deployment of enterprise video solutions in BFSI enterprises ensures improved accountability, enhanced risk management, excellent operational management, and improved end-to-end security governance. Growing demand among marketers for video-based marketing and sales of banking services and enhanced branch communications is driving the growth of the enterprise video market in the BFSI vertical.
APAC enterprise video market is expected to record the highest growth rate during the forecast period
The APAC enterprise video market is expected to have the highest growth rate during the forecast period, due to the increase in demand for cloud-based enterprise video solutions. Growing economies of countries such as China, Australia and New Zealand, India, and Singapore provide huge opportunities for the adoption of enterprise video solutions and services across different industry verticals.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Enterprise Video Market
4.2 North America Market, by Component and Country
4.3 Asia-Pacific Market, by Component and Top Three Countries
4.4 Market: Major Countries
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need to Improve Operational Efficiency and Employee Productivity
5.2.1.2 Need to Connect Remote Workforce
5.2.1.3 Increasing Number of Internet Users Around the World
5.2.1.4 Increasing Smartphone Adoption Across the World
5.2.1.5 Growing Demand for Video Streaming
5.2.1.6 Surge in the Adoption of Video Marketing Strategy
5.2.2 Restraints
5.2.2.1 Data Security Concerns
5.2.2.2 Network Connectivity and Infrastructure Issues
5.2.3 Opportunities
5.2.3.1 Advancements in AI-Powered Video Technologies to Boost Market Growth
5.2.3.2 Increasing Use of Enterprise Video Solutions to Enhance Communication and Collaboration in Enterprises
5.2.3.3 Increasing Adoption of BYOD and CYOD Solutions
5.2.4 Challenges
5.2.4.1 Limited Interoperability of Different Enterprise Video Solutions
5.2.4.2 Disruption in Supply Chain of Smart Devices due to the Pandemic
5.3 Industry Trends
5.3.1 Ecosystem
5.3.2 Patent Analysis
5.3.3 Average Selling Price
5.3.4 Enterprise Video Market: Technological Landscape
5.3.4.1 Artificial Intelligence and Machine Learning
5.3.4.2 Augmented Reality and Virtual Reality
5.3.4.3 Facial Recognition and Voice Recognition
5.3.4.4 Cloud Services
5.3.4.5 5G Network
5.3.5 Use Cases
5.3.5.1 Case Study 1: Cisco Provides Cisco Connected Classrooms and Cisco Webex Meetings Solutions to A.T. Kearney
5.3.5.2 Case Study 2: Ecoegg Implemented Microsoft Teams to Solve Their Communication Challenges
5.3.5.3 Case Study 3: Siemens to Provide Maintenance Services for Seyfarth Shaw
5.3.5.4 Case Study 4: Coastal Bend College Implemented Lifesize Video Systems Across Four Campuses
5.3.5.5 Case Study 5: Lifesize Provided the Eulen Group with a Suite of Demo Meeting Room Systems
5.4 COVID-19 Market Outlook for Enterprise Video Solutions Networks
5.4.1 Cumulative Growth Analysis
6 Enterprise Video Market, by Component
6.1 Introduction
6.2 Solutions
6.2.1 Solutions: Market Drivers
6.2.2 Solutions: COVID-19 Impact
6.2.3 Video Conferencing
6.2.4 Video Content Management
6.2.5 Webcasting
6.3 Services
6.3.1 Services: Market Drivers
6.3.2 Services: COVID-19 Impact
6.3.3 Professional Services
6.3.4 Managed Services
7 Enterprise Video Market, by Deployment Mode
7.1 Introduction
7.2 On-Premises
7.2.1 On-Premises: Market Drivers
7.2.2 On-Premises: COVID-19 Impact
7.3 Cloud
7.3.1 Cloud: Enterprise Video Market Drivers
7.3.2 Cloud: COVID-19 Impact
8 Enterprise Video Market, by Delivery Technique
8.1 Introduction
8.2 Downloading/Traditional Streaming
8.3 Adaptive Streaming
8.4 Progressive Downloading
9 Enterprise Video Market, by Application
9.1 Introduction
9.2 Corporate Communications
9.2.1 Corporate Communications: Market Drivers
9.2.2 Corporate Communications: COVID-19 Impact
9.3 Training and Development
9.3.1 Training and Development: Market Drivers
9.3.2 Training and Development: COVID-19 Impact
9.4 Marketing and Client Engagement
9.4.1 Marketing and Client Engagement: Enterprise Video Market Drivers
9.4.2 Marketing and Client Engagement: COVID-19 Impact
10 Enterprise Video Market, by Vertical
10.1 Introduction
10.2 Banking, Financial Services and Insurance
10.2.1 Banking, Financial Services and Insurance: Market Drivers
10.2.2 Banking, Financial Services and Insurance: COVID-19 Impact
10.3 IT and Telecom
10.3.1 IT and Telecom: Market Drivers
10.3.2 IT and Telecom: COVID-19 Impact
10.4 Healthcare and Life Sciences
10.4.1 Healthcare and Life Sciences: Enterprise Video Market Drivers
10.4.2 Healthcare and Life Sciences: COVID-19 Impact
10.5 Education
10.5.1 Education: Enterprise Video Market Drivers
10.5.2 Education: COVID-19 Impact
10.6 Media and Entertainment
10.6.1 Media and Entertainment: Market Drivers
10.6.2 Media and Entertainment: COVID-19 Impact
10.7 Retail and Consumer Goods
10.7.1 Retail and Consumer Goods: Enterprise Video Market Drivers
10.7.2 Retail and Consumer Goods: COVID-19 Impact
10.8 Other Verticals
11 Enterprise Video Market, by Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape
12.1 Overview
12.2 Market Evaluation Framework
12.3 Key Market Developments
12.3.1 New Product Launches and Product Enhancements
12.3.2 Business Expansions
12.3.3 Partnerships, Agreements, and Collaborations
12.3.4 Mergers and Acquisitions
12.4 Revenue Analysis of Top Market Players, 2019
12.5 Historical Revenue Analysis
12.6 Company Evaluation Matrix Overview
12.6.1 Company Evaluation Matrix Methodology and Definitions
12.6.1.1 Star
12.6.1.2 Emerging Leaders
12.6.1.3 Pervasive
12.6.1.4 Participants
12.6.2 Company Evaluation Matrix, 2020
12.7 Market Ranking of Top 5 Key Players
12.8 Startup/SME Evaluation Matrix Overview
12.8.1 Startup/SME Evaluation Matrix Methodology and Definitions
12.8.1.1 Progressive Companies
12.8.1.2 Responsive Companies
12.8.1.3 Dynamic Companies
12.8.1.4 Starting Blocks
12.8.2 Startup/SME Evaluation Matrix, 2020
13 Company Profiles
13.1 Introduction
13.2 IBM
13.3 Microsoft
13.4 Cisco
13.5 Adobe
13.6 Avaya
13.7 AWS
13.8 Poly
13.9 LogMeIn
13.10 RingCentral
13.11 Zoom Video Communications
13.12 Google
13.13 Enghouse Systems
13.14 Brightcove
13.15 Dalet Digital Media Systems
13.16 Qumu
13.17 Sonic Foundry
13.18 ON24
13.19 Lifesize
13.20 Kaltura
13.21 BlueJeans Network
13.22 Haivision
13.23 Kollective
13.24 INXPO
13.25 VIDIZIMO
13.26 Panopto
13.27 VBrick
13.28 MediaPlatform
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/bajfku
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Artificial Intelligence
Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website
LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.
“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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Artificial Intelligence
WIO Taps Gracenote to Revolutionize Television Broadcast Reporting
LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.
By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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Artificial Intelligence
IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility
BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.
Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com.
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