North America Enterprise Video Market is Anticipated to Expand at 11% CAGR and is Likely to Cross US$ 44,299.9 Million by 2033 End | Future Market Insights, Inc.

The North American enterprise video market was worth $15,647.2 million in 2023. The market is expected to grow at a CAGR of 11.0% from 2023 to 2033. By 2033, its worth is expected to be at US$ 44,299.9 million.

The industry for video-based goods and services defines the North American enterprise video market. Enterprises use them to encourage training, cooperation, and communication.It includes streaming media, video walls, digital signage, and video conferencing. It also provides services including video hosting, video creation, and video analytics.

Several business video solution providers use cloud computing technology to deliver their goods and services. A cloud-based business video solution provides end users with a single communication platform.

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Businesses are discovering that video, a highly engaging medium, might help them interact with their clients and staff more effectively. Businesses can boost engagement and enhance conversions by using video in their marketing and communication efforts.

These are also becoming more inexpensive. Enterprise video platforms are nowadays available to businesses of all sizes. More businesses are utilizing video in their marketing and communication strategies as the cost of video production and distribution continues to drop.

High-speed internet accessibility has significantly boosted enterprise video sales in North America. It has gotten simpler for businesses to implement video communication and collaboration solutions as more employees have access to quick and dependable internet connections.

Key Takeaways:

  • North America enterprise video industry witnessed an average CAGR of 7.0% in the historical period from 2018 to 2022.
  • The United States is projected to generate a share of 79.4% in 2023 in North America market.
  • Canada enterprise video market is set to exhibit a CAGR of 15.1% in the next ten years.
  • By solution, the video conferencing category is estimated to hold a market share of 66.8% in 2023.
  • By deployment, the cloud-based deployment segment held a market share of 42.7% in 2022.

“It is now simpler for businesses to embrace and use video communication & collaboration tools owing to the widespread availability of cloud-based enterprise video solutions. They benefit from greater flexibility and scalability thanks to cloud-based technologies. They can also simply adjust their usage based on their needs and access video tools from any location thanks to these,” – says a lead analyst at FMI.

Competitive Landscape:

A range of video services, including live streaming, video on demand, video conferencing, and webinars, are available from enterprise video service providers across North America. They are able to meet the varied needs of their customers by offering a broad variety of services.

Security and compliance elements are being prioritized by providers due to the growing need for secure and compliant video content. A few of these include encryption, access restrictions, and password protection.

For instance,

  • Adobe Systems Incorporated debuted its new Adobe Video product in June 2021. To assist businesses in swiftly and effectively creating and managing videos, it includes sophisticated analytics and collaboration tools.

Key Companies Profiled:

  • Cisco
  • Zoom
  • Avaya
  • Adobe
  • Brightcove
  • Kaltura
  • Microsoft
  • Google
  • IBM Corporation
  • Vimeo
  • Qumu Corporation

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Get More Valuable Insights:

In this report by Future Market Insights (FMI), the North American enterprise video market is segmented into five key sections. These include solution (video conferencing, video content management, webcasting tool), deployment (cloud-based, web-based, on-premises), enterprise size (small offices, small enterprises, medium-sized enterprises, large enterprises, very large enterprises), application (corporate communications & collaboration, training & developments, client engagement, digital marketing management), industry (finance, manufacturing & resources, distribution services, services, public sector, infrastructure), and country.

About Technology Division at Future Market Insights (FMI):

Expert analysis, strategic recommendations, and actionable insights- the technology team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on technology, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the technology industry.

Market Outlook by Categories:

By Solution:

  • Video Conferencing
  • Video Content Management
  • Webcasting Tool
  • Others

By Deployment:

  • Cloud-based
  • Web-based
  • On-premises

By Enterprise Size:

  • Small Offices (1 to 9 employees)
  • Small Enterprises (10 to 99 employees)
  • Medium-sized Enterprise (100 to 499 employees)
  • Large Enterprises (500 to 999 employees)
  • Very Large Enterprises (1,000+ employees)

By Application:

  • Corporate Communications & Collaboration
  • Training & Developments
  • Client Engagement
  • Digital Marketing Management
  • Others

By Industry:

  • Finance
    • Banking
    • Insurance
    • Investment/Securities
  • Manufacturing & Resources
    • Discrete Manufacturing
    • Process Manufacturing
    • Resource Industries
    • Agriculture
  • Distribution Services
    • Retail
    • Wholesales
    • Transportation/Logistics Services
    • Warehousing & Storage
    • Shipping
  • Services
    • IT/Professional Services
    • Consumer & Personal Services
    • Media, Entertainment & Publishing
    • Travel & Hospitality
    • Legal Services
  • Public Sector
    • Government (State/Central)
    • Education
    • Healthcare
    • Aerospace & Defense
    • Non-Profit
  • Infrastructure
    • Telecommunication
    • Energy & Utilities
    • Building & Construction

By Country:

  • United States
  • Canada

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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