Industry Research Notes Role of Pandemic in Growth Projections for Burgeoning Segment
LOS ANGELES, CA – March 3, 2021 – MediaPlatform, the leading enterprise webcasting and video content management platform for the Global 2000, was listed as a major video provider alongside Microsoft, Cisco and IBM in five 2021 reports all anticipating explosive growth in the enterprise video segment based on the migration to remote work forced by the global pandemic.
In its “COVID-19 Outbreak-Global Enterprise Video Content Management Systems Industry Market Report-Development Trends, Threats, Opportunities And Competitive Landscape In 2020” report, Credible Markets predicts that the “global enterprise video content management market will likely reach $15.9 billion by 2025,” at a rate of 12.7% CAGR based on growing demand for video and the “entry of major players including Cisco, IBM, and Microsoft remains a major promise for the market, as trends continue dictate growth for cloud adoption, and holistic enterprise content management systems.”
Another 2021 report from ResearchAndMarkets projects that the worldwide enterprise video industry is expected to reach $25.6 Billion by 2025. In its “Global Enterprise Video Market by Component, Deployment Mode, Application, Delivery Technique, Vertical and Region – Forecast to 2025” report, ResearchAndMarkets notes that the enterprise video market will grow from USD 16.4 billion in 2020 to USD 25.6 billion by 2025, at a CAGR of 9.3% driven by factors including “growing demand for video streaming along with the increasing need of organizations for connecting remote workforces,” with SaaS deployment emerging as a best practice.
In addition to Credible Markets and ResearchAndMarkets, FnfResearch, InForGrowth and Researchmoz also named MediaPlatform a top industry player in new reports forecasting accelerating enterprise video market growth based on pandemic workplace responses.
“These reports validate the spike in demand that we have also seen for our Broadcaster live webcasting platform as companies have turned to online video as the best way to keep their remote workforces connected and engaged,” said Mike Newman, CEO of MediaPlatform. “We’re always pleased to be listed among the top providers in the world alongside companies like Microsoft and Cisco,” Newman said.
In addition to being featured in these recent reports, MediaPlatform’s innovation has been recognized by top industry analysts. MediaPlatform was named a Leader in the 2021 Aragon Research Globe and a Leader by Gartner Research in its Magic Quadrant for Enterprise Video Content Management (EVCM). The company also has been named a key provider in several recent reports including the Forrester Tech Tide, the Gartner EVCM Market Guide and Wainhouse Research’s Enterprise Streaming Solutions and Services report.
MediaPlatform is a leading enterprise video platform enabling large-scale live streaming and on-demand video that companies use to engage remote employees, empower and motivate workers by giving them the power to rapidly self-educate and share knowledge, and attract and keep top talent. Named a Leader in the Gartner Magic Quadrant for Enterprise Video Content Management, MediaPlatform gives customers an end-to-end solution and world-class services so they can use their networks for business broadcasts, consolidate disconnected video systems, accelerate their digital workplace transition, and gain insights into the reach and impact of their video communications.
Darian Germain, 703.762.6929, firstname.lastname@example.org