What is Enterprise Video Platform Market?
The United States enterprise video platform market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for automated video content management and the rising demand for video marketing are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Video Distribution, Live Streaming, Enterprise Content Delivery Network, Transcoding & Security, Analytics & Reporting and Others) and major geographies with country level break-up.
MediaPlatform (United States), Kaltura, Inc. (United States), Microsoft (United States), Intrado (United States), Brightcove Inc. (United States), Buildscale, Inc (Canada), IBM (United States), Wistia Inc. (United States), Vimeo, LLC (United States), Canalchat Corp. (United States), ICV Digital Media (United States) and Dacast (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Enterprise Video Platform market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Enterprise Video Platform market by Type, Application and Region.
On the basis of geography, the market of Enterprise Video Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Automated Video Content Management
- Growing Demand for Video Marketing
- Implementation of Artificial Intelligence (AI) in Enterprise Video Platform
- Availability of Open Source Platforms
- Opportunities Across Retail & Electronics Sector
- Reduced Operations Across Different Industries Owing to COVID-19 Pandemic Reducing the Demand for Enterprise Video Platforms
Stringent Government Regulations Regarding Shutting Down of Operations Across Different Industries Worldwide Due to the COVID-19 Pandemic is Impacting the Demand for Enterprise Video Platforms
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United States enterprise video platform market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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