24-Sep-2021 | Facts and Factors
According to a Facts and Factors market research report, the global video content management system market is estimated at around USD 3.09 Billion in 2020 and is expected to reach around USD 6.8 Billion by 2026 along with a CAGR of around 14% from 2021 to 2026.
Video CMSenable organizations to deliver, record, categorize and organizes media content. It gives a centralized location to store all video streams, both RAW and processed, as well as access to critical information about them. Broadcasters can categorize data with the use of a professional video CMS based on data format, themes, size, and the kind of equipment used to shoot the video. If a viewer is viewing the same podcast feed about opening a business, the streaming CMS analyses the data on that item and compares it to other comparable videos in one's library to make recommendations. Escalating demand for online video content, enterprise use of cloud-based services, global internet user growth, and increased demand for video recording equipment and technologies are the key factors influencing the market demand in recent years.
Due to the COVID-19 lockdown, several organizations have implemented a work-from-home strategy, and many employees are working remotely. The epidemic has benefited the market for video content management systems. Consumer demand is expected to switch to online channels as a result of COVID-19's effects. This could have an irreversible impact on customer behavior because once people get into the habit of shopping online; it becomes a pattern that is difficult to break, compelling businesses to expand their online presence. Organizations in a variety of industries are turning to video content management systems because they allow them to handle huge video files, improve corporate communication, and provide options for promotion, marketing, and speaking to live audiences.
Top Market Players
The key players in the video content management system market are IBM, Vimeo, Microsoft, BrightCove, Cloudapp, Panopto, Kaltura, Kollective, Vidyard, Sonic Foundry, Haivision, MediaPlatform, Poly, Dalet Digital Media Systems, Qumu, Vidizmo, VBrick, Dacast, Telestream, JW Player, BigCommand, Renderforest, Genus Technologies, and Boxcast among others.
Rise In Usage Among The Education Sector
The usage of audio-visual content management system technologies has expanded in the education sector. The development of media content has expanded threefold as learning has shifted online and schools, colleges, and other sorts of educational meetings have closed. According to industry professionals, the growing adoption of digital platforms by educational institutions is projected to open up a plethora of prospects for industry players over the next several years.
North America Region Dominates the Global Video Content Management System Market
Based on region, the market is divided into five major regions; North America, Europe, Latin America, Asia Pacific, and The Middle East and Africa.
The region of North America contributed the most to the video content management system market share. Digital technologies are widely used by businesses in a variety of industries. The acceptance of the security as a service (SaaS) model platform is also having a beneficial effect on the market for video content management solutions, as major service providers are now offering these video content management solutions on the web to small businesses. Due to the rising requirement for video platforms in Europe is also catering to the market demand. For instance, Axis Communications AB expanded its presence in Linköping, Sweden, in April 2020 by opening a software development R&D office. The Linköping software development office will focus on cloud solutions and developing full video management and analysis solutions and systems. Henceforth, certain factors are boosting the market growth in recent years.
Browse the full report“Video Content Management System Market By Component (Platform and Services), By Deployment Mode (On-premises and Cloud-Based), By Application (Education and Learning, Enterprise Communication, Marketing, and Client Engagement, Recruitment and Training and Virtual Events), By Industry Vertical (BFSI, IT and Telecom, Healthcare and Life Sciences, Education, Media and Entertainment, Retail and E-commerce and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021– 2026” at https://www.fnfresearch.com/video-content-management-system-market
The global video content management system market is segmented as follows:
By Deployment Mode:
- Education and Learning
- Enterprise Communication
- Marketing and Client Engagement
- Recruitment and Training
- Virtual Events
By Industry vertical:
- IT and Telecom
- Healthcare and Life Sciences
- Media and Entertainment
- Retail and E commerce
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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