The future of the enterprise video content management market is prosperous, with the demand projected to increment at a CAGR of 10.5% during the forecast period of 2017 to 2022. Some of the key factors favoring the enterprise video content management market are: growing adoption of cloud-based content management across industries of various verticals, ubiquity of smart devices, and rising demand from the healthcare sector, wherein these tools can help in reducing the cost of care as well as can do it in real-time, which is often of great essence.
On the other hand, information security continues to be the most glaring challenge for the vendors operating in the global enterprise video content management market, although SaaS and hybrid solutions are trying their best to overcome this restraint. Taking all dynamics into consideration, the global enterprise video content management market is estimated to be worth US$13,309.0 mn by the end of the forecast period, 2022, which is significantly more than its evaluated valuation of US$8,070.0 mn in 2017.
Region-wise, this report represents the potential of enterprise video content management market in the regions of North America, Europe, Asia Pacific except Japan (APEJ), Latin America, and the Middle East and Africa (MEA), and it also contains a dedicated chapter on the country of Japan. Among these, North America enterprise video content management market is currently most profitable, serving a demand worth of US$US$2,720.8 mn in 2017 and expanding at a CAGR of 9.6% from now until 2022.
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The developed countries of the U.S. and Canada have wide adoption of video communication among the blue chip companies, and this factor will push the demand from North American region up to a valuation of US$4,293.6 mn by 2022. Revenue from Europe enterprise video content management market is anticipated to increase at a CAGR of 11.3% over 2017-2022, to reach US$ 4,174.2 Mn by 2022.