The Latin America, Middle East and Africa Video Content Management System Market would witness market growth of 16% CAGR during the forecast period (2021-2027).
The rising internet penetration and an increasing number of smartphone users are estimated to bolster the growth of the regional video content management market. In addition, these solutions are enabling companies to build strong communication among their teams that are locating at different locations. This would contribute to the growing demand for these solutions in this region. The increasing popularity of bring your own device (BYOD) trend among SMEs is anticipated to open new growth prospects for the key market players.
Moreover, several features of video content management solutions like reduced cost of ownership are motivating more companies to adopt these solutions, thereby boosting the growth of the regional market. The untapped potential of this regional market is motivating more companies to enter this regional market and expand their business to gain a more competitive edge. This would contribute to the accelerating growth of the regional video content management market.
Moreover, the growth of the market would be driven by the increase in technological developments like the utilization of blockchain technology in video streaming and Artificial Intelligence (AI) in order to enhance the quality of content. The surge in the adoption rate of face recognition technology in video conferencing that identifies faces to rapidly fit the meeting persons on the screen of receivers has improved the performance of these systems. Application Programming Interfaces (APIs) have allowed the companies to integrate various technological platforms, offering an omnichannel experience to customers, hence propelling the growth of the market. Moreover, APIs allow the development of apps across on-demand video content, thereby augmenting the growth & demand in the market.
The Brazil market dominated the LAMEA Media & Entertainment Video Content Management System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $29.7 million by 2027. The Argentina market would witness a CAGR of 17.8% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 16.8% during (2021 - 2027).
Based on Component, the market is segmented into Platform (Without Services) and Services. Based on Application, the market is segmented into Enterprise Communication, Virtual Events, Education & Learning, Marketing & Client Engagement, Recruitment & Training and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Media & Entertainment, Healthcare, Education, Telecom & IT, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Video Content Management System Market is Predict to reach $7 Billion by 2027, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Vimeo.com, Inc. (IAC Group), Microsoft Corporation, BrightCove, Inc., Panopto Inc., Kaltura Inc., Buildscale, Inc. (Vidyard), Citrix Systems, Inc., Haivision Systems Inc., and Kollective Technology, Inc. (MK Capital).
By Component
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By Deployment Type
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