Impact of COVID-19 on the Global Enterprise Video Market
Enterprise video platforms are communication platforms for vendors, stakeholders, employees, and business partners. They support effective communication within and between enterprises and also find applications in training & development and corporate communication. The COVID-19 pandemic has rapidly spread across the globe and has substantially impacted a few industries positively, while most others have been affected negatively. Governments have enforced stringent restrictions confining people to their homes as a precautionary measure to contain the spread of the COVID-19 pandemic. People staying within their homes during the lockdown has boosted the demand for superior Internet connectivity and has increased data usage substantially, which is expected to influence the global enterprise video market positively over the projected timeframe.
Social media usage has increased during the lockdowns as compared to the pre-lockdown period, which is projected to boost the growth of the global enterprise video market over the forecast period. During the pandemic, companies have allowed their employees to work from home, which has propelled the use of video conferencing platforms, including Zoom, Jio Meet, and Microsoft teams, drastically escalating the growth of the global enterprise video market. Furthermore, the proliferation of wireless technologies is also responsible for the growth of the global enterprise video market. According to the MRFR analysis, this scenario is expected to drive the growth of the global enterprise video market. The global enterprise video market is expected to stabilize in Q1 of 2021.