The rising adoption of video in the enterprise has organizations scrambling to meet business demands for high-quality video streaming and distribution. As an increasing number of corporations utilize video for communication, employee training, collaboration, and live event webcasting, they experience network inefficiencies and bandwidth congestion challenges that negatively affect the user experience, productivity, and the overall value to be gained from video-based communications. Moreover, with the growing instance and prevalence of mobile streaming and BYOD culture across organizations, there is an even greater need to deliver high-quality content quickly and reliably to all user devices.
The enterprise video space is booming. According to MarketsMarkets, the enterprise video market is expected to grow from an estimated USD 16.34 Billion in 2017 to USD 40.84 Billion by 2022, i.e., a whopping CAGR of 20.1%.
From corporate communication to marketing jingles, insurance companies have always been heavy consumers of video. However, with a fast growing market for enterprise video, insurance video use cases have evolved too. Insurance firms now utilize enterprise video for fundamental business functions such as faster and more accurate claims processing, as well as training for insurance agents, inspectors, and investigators.
Contemporary insurance companies deal with an increasing magnitude of video and digital media. In the insurance industry, video takes the form of vital business functions like video evidence that supports insurance claims or video-based training for insurance agents, as well as new and crucial new technologies like drone video streaming. Additionally, video is also used as a powerful medium for corporate communication and marketing activities.
A drone-powered revolution is underway in the enterprise as a growing list of industries continue to adopt unmanned aerial vehicles (UAVs) for a broad range of business applications to facilitate transportation, agriculture, construction, mining, energy, law enforcement, and much more.