(PRWEB) July 27, 2014
The constant expansion of companies across the globe has led to the increase in demand for enterprise video. Additional factors that have increased this demand include the application of enterprise video in areas such as corporate communication, learning and development, security and safety, and knowledge sharing and management. Due to all these factors the enterprise video market value has crossed $11.21 billion in 2013 and is expected to reach $35.57 billion in 2018 with a compound annual growth rate (CAGR) of 25.97%.
Enterprise video has a high demand in North America because of the increasing importance of public security and protection of business intelligence in various organizations. The advent of cloud-based surveillance has augmented the scope of video surveillance in enterprise and government bodies. Also, there has been a constant expansion of companies across the globe which has led to the increase in demand for enterprise video.
The top companies in North America that cater to this market are Cisco, Polycom, Avaya, Honeywell International, Inc., Sonic Foundry, Kaltura, and many more. The North American enterprise video market crossed $3.82 billion in 2013 and is expected to reach $13.00 billion by 2018, with a CAGR of 27.70%.
Browse through the market data tables, figures and detailed ToC on the “North America Enterprise Video Market”.
Europe Enterprise Video Market
There is growth in small and medium enterprises across Europe and these companies are targeting niche segments with high-tech instruments. To maintain a high level of competence with tier-1 companies, these companies are using video conferencing to cut down travel costs and the time spent traveling. These are the major driving factors of the European enterprise video market.
The topmost players in the European market, such as Cisco, Polycom, Avaya, Honeywell International, Inc., Level 3 Communications, and others have launched various new and advanced products and services in recent years and have many more in the development phase. The European enterprise video market has crossed $2.50 billion in 2013 and is expected to reach $6.30 billion by 2018, with a CAGR of 19.90%.
Asia-Pacific Enterprise Video Market
The increasing need for video interfaces for communication is a result of its ability to improve productivity and outreach. Enterprise video brings flexibility to remote working conditions and reduces the overall capital expenditure. The top players in the Asia-Pacific market are Cisco, Polycom, Avaya, Honeywell International, Inc., Huawei Enterprise, and many others. The Asia-Pacific enterprise video market crossed $3.63 billion in 2013. The market is growing at a CAGR of 29.80% and is expected to reach $13.40 billion by 2018.
Latin America Enterprise Video Market
Small and medium enterprises are heavily investing resources to update their infrastructure to capture more business. For SMEs, enterprise video offers an effective way to fulfill its requirements and achieve profits. Across Latin America, enterprise video conferencing is being used in the entire education industry and in research-based institutes. The market here has a promising future.
The top players in the Latin American market are Cisco, Polycom, Avaya, Honeywell International, Inc., Huawei Enterprise, and many others. The Latin American enterprise video market crossed $5.31 billion in 2013. The market is growing at a CAGR of 20.90% and is expected to reach $13.73 billion by 2018.
Middle East and Africa Enterprise Video Market
Public safety is an important issue for governments in Middle East and Africa. These video devices are used to fulfill the surveillance requirement for public safety. Many organizations use enterprise video for protection of business intelligence.
The top players in the Middle East and Africa market providing enterprise video solutions are Cisco, Polycom, Avaya, Honeywell International, Inc., Huawei Enterprise, and many others. The Middle East and African enterprise video market crossed $6.63 billion in 2013. The market is growing at a CAGR of 17.30% and is expected to reach $14.76 billion by 2018.
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