IBM(US) and Vimeo(US) are leading players in Video Content Management System Market
The global video content management system market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period, to reach USD 6.8 billion by 2026 from USD 3.5 billion in 2021. Key factors that are expected to drive the growth of the market are the growing demand for onlin video content, adoption of cloud-based services by enterprises, increasing number of internet users around the world and rise in demand for video recording equipment and devices.
The video content manangement system market comprises major providers, such as IBM(US), Vimeo(US), Microsoft(US), BrightCove(US), Panopto(US), Kaltura(US), Sonic Foundry(US), Kollective(US), Vidyard(US), Cloudapp(US), Haivision(US), Dalet Digital Media Systems(France), MediaPlatform(US), Poly(US), Qumu(US), Vidizmo(US), VBrick(US), Telestream(US), Dacast(US), JW Player(US), Renderforest(Armenia), BigCommand(US), Genus Technologies(US), and Boxcast(US).
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The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements, partnerships, mergers, and acquisitions, have been the most dominating strategies adopted by the major players from 2019 to 2021, which helped them strengthen their offerings and broaden their customer base.
IBM is one of the leading cloud platform and cognitive solution providers. The company offers integrated solutions and products leveraging the benefits of data, IT, and deep expertise. This, in turn, helps achieve greater efficiency in business processes to create value for its clients. It is an established player and renowned vendor providing dedicated hardware, software, and related services. IBM is one of the leading cloud platform and software and services providers. IBM offers its video content management system software to marketers and content creators under its offering, Watson Media. In the video content management system market, IBM's software Enterprise Video Content Management System, a cloud-based content management system, offers video collaboration and communication services to its users. This software enables video service delivery via on-demand and live streaming technologies to its users. The software technology provides benefits such as enterprise security features of single-sign-on to access content securely, transcoding of video content to make it device-agnostic, video analytics, real-time closed captioning for live-streamed video content, and many others.
Vimeo is a US-based leading video hosting, sharing, and services provider. The company serves its customers worldwide with high-quality video creation and hosting services comprising customization and beneficial features. With over 7,000,000 subscribers, 200 million professionals, and associated organizations, the platform enables content creators to focus on high-quality video content creation with video promotion services and features. Vimeo was a part of IAC Group till December 2020. The company has spun off and is working as an independent public trading entity since 2021. In the video content management system market, Vimeo is one of the leading players with Vimeo Video Platform as an offering. The platform creates metadata of the uploaded videos and enables search functionalities for its end users. Vimeo is a platform that allows its users to create, manage, and publish video content, which belongs to various industries that range from eCommerce to education and enterprises to creative professionals.
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Video Content Management System Market with COVID-19 Impact by Component Application (Education and Learning, Enterprise Communications, Recruitment and Training, Virtual Events), Deployment Model, Industry Vertical and Region - Global Forecast to 2026
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