The global video content management market was estimated at US$ 3.5 Billion in 2021, as per a recently published report by FMI Demand is projected to spike, garnering US$ 4 Billion in 2022 and US$ 13.5 Billion in 2032. A CAGR worth 12.9% from 2022 to 2032 is expected for the market. Organizations are turning to video-based communication solutions to improve employee collaboration and communication, such as web-based communication via video conferencing and video calling. As the pandemic began, the consumption of video content was seen to be rapidly increasing.
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Most video communication tools are still limited to conference rooms due to the high costs and extensive infrastructure requirements associated with UCC video conferencing solutions. Furthermore, some video conferencing solutions do not support interoperability across platforms and devices, making it difficult for users to use video conferencing solutions. As a result, vendors face numerous challenges in promoting video conferencing solutions as a UCC tool.
Competitive Landscape:
Some of the market key players are IBM Corporation, Microsoft Corporation, Vimeo, Inc., Brightcove Inc., Panopto, Kaltura, Inc., Kollective Technology, Inc., Dalet Digital Media Systems, Qumu Corporation, VIDIZMO LLC., and others.
IBM Corporation and Canon launched a new volumetric video technology in July 2021 to enable the creation of high-quality digital video content technology. The technology makes use of cameras and advanced data processing to enable a video point of view, providing viewers with a more immersive experience.
Brightcove partnered with Wibbitz, a video creation tool provider, in July 2021 to enable Wibbitiz access to BrightCove's video cloud platform. The platform allows users to create polished videos from scratch using Wibbitz's templates and photos, animations, transitions, video clips, and other smart media, and then distribute the videos to any other device via the Brightcove platform.
Qumu Corporation partnered with JS Group, headquartered in Florida, United States, in August 2021. Qumu Corporation hopes to launch a global channel program as a result of this collaboration. The program provides operational support, customer benefits, and incentives to assist the company in expanding its penetration in small, medium, and large businesses.
Vimeo Create, a suite of tools for creating professional quality videos for small businesses, was introduced in February 2020. To create a high-quality video for its users, the new product combines smart editing technology with an intuitive interface and access to a gallery of professionally designed video templates and other editing tools.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global video content management market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study provides essential insights on the basis of component (platform, services), deployment model (cloud and on-premise), application (education and learning, enterprises communication, marketing and client engagement, recruitment and training and virtual events), and industry vertical (BFSI, IT & telecom, healthcare & life sciences and education) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).
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