Telecom operators can tap the global video market that will reach $841.8 billion by 2022 vs $700 billion in 2017, an annual growth rate of 3.8 percent.
The share of enterprise or vertical applications is expected to increase from 32 percent to 37 percent over the same period, an annual growth rate of 8.1 percent, according to a Strategy Analytics report.
China-based telecom gear market Huawei selected Strategy Analytics to prepare the report on video market in order to highlight new opportunities for telecoms operators sparked by the emergence and proliferation of Internet technologies.
While some telecoms operators have established themselves as IPTV service providers, they now also have an opportunity to embrace vertical video markets beyond consumer video.
“Increasing speed, capacity and reliability of networks, particularly mobile, is expanding the opportunity for video applications across enterprise as well as consumer services,” Andreas Koehler, consulting director and the report’s author, said.
“Enterprises, public organizations, educational establishments, and medical institutions are all incorporating video into their activities in many different ways, and we believe this trend will continue in the coming years,” Andreas Koehler said.