The Enterprise video market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from USD 23.8 billion in 2024 to USD 35.8 billion in 2029 throughout the forecast period. An urge to shift from on-premises deployment to cloud-based solutions, strict adherence and compliance to regulatory authorities and government-led reporting standards across verticals and regions, demand for user experience centricity on priority across verticals, organizations, and regions globally, digitalization, and automation are expected to drive the growth of the global Enterprise video market.
Major vendors in this market are based in North America, Asia Pacific, and Europe. Some of the key players operating in the Open banking solutions market are – Microsoft (US), Zoom (US), Google (US), IBM (US), Avaya (US), and AWS (US) among others. These companies have strengthened their positions in the market by implementing a variety of growth tactics. To increase their market share in Open banking solutions, they can do things like product launches, agreements, collaborations, mergers and acquisitions, and the creation of new products.
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Microsoft
Microsoft is one of the leading players in the technology domain, developing and supporting a wide range of software, hardware, devices, and services for businesses and individuals. The company has a comprehensive product portfolio that offers products related to operating systems, collaboration solutions, cloud-based solutions, productivity applications, business solutions, server management, and gaming solutions. Microsoft also provides cloud-driven support and consulting services. Microsoft has started giving technology-driven solutions in recent times as well. With such a broad portfolio and offerings, Microsoft caters to customers' business needs in more than 190 countries around the globe.
Microsoft is a leading provider of enterprise video solutions, offering a comprehensive suite of tools and platforms to support businesses' communication and collaboration needs. With offerings like Microsoft Stream, Teams, and SharePoint, Microsoft enables organizations to securely stream, share, and manage video content within their existing productivity ecosystem. Their focus on integration, security, and user experience positions them as a critical player in the rapidly evolving enterprise video market.
Google offers a robust suite of enterprise video solutions, including Google Meet and Google Workspace, to facilitate seamless video conferencing, collaboration, and communication within organizations. These tools provide high-quality video and audio capabilities and features like screen sharing, real-time document collaboration, and integration with other Google productivity tools. With a user-friendly interface and scalable infrastructure, Google's offerings cater to the diverse needs of businesses, driving innovation and productivity in the enterprise video market.
Google's core products and platforms include Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube; each product has over one billion monthly active global users. The company also offers solutions and services for video streaming, platforms, and support from other offerings by players. Google provides productive tools that help with enterprise videos, streaming, content management, collaboration, design, and execution. Solutions provided by Google, such as Google Meet, offer them an edge in the video market.
Related Reports:
Enterprise Video Market by Offering (Solutions and Services), Application (Corporate Communications, Training & Development, and Marketing & Client Engagement), Deployment Model, Organization Size, Vertical and Region - Global Forecast to 2029
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