DUBLIN, September 28, 2021– (COMMERCIAL THREAD)–The Video as a Service Market Size, Share and Trend Analysis Report by Vertical (BFSI, Education), Cloud Deployment Mode (Public, Hybrid), by Application, by Region and Forecast segment, 2021-2028 “ report was added to ResearchAndMarkets.com offer.
The global video as a service market size is expected to reach $ 32.24 billion by 2028, with a CAGR of 39.7% from 2021 to 2028, according to a new report from the publisher.
Amazon Web Services, Inc.
Cisco Systems, Inc.
Zoho Corporation Pvt. Ltd.
Zoom Video Communications, Inc.
The demand for video communications between organizations has accelerated, which has allowed the market to gain momentum. The demand for high quality conferencing and the networks to support them on a range of devices continues to grow. Data is stored in the cloud and equipment is simplified into touchscreen interfaces while managed service providers deliver software applications and push hardware manufacturers into partnership roles. All of these factors are contributing to the growth of the Video as a Service (Vaas) market.
In addition, multi-party or point-to-point conferencing solutions have provided access to vast amounts of data on meeting habits. An artificial intelligence (AI) and machine learning assisted conferencing platform has enabled the video collaboration platform to optimize and increase meeting efficiency by deploying facial recognition technologies and virtual assistants. AI in VaaS solutions has enabled organizations to determine the optimal length of a forum, the best time of day to hold a meeting, and the ideal number of attendees. Additionally, speech recognition has helped companies analyze session content, benchmark across the organization’s conferences, and provide suggestions on connections between people with complementary skills.
The increasing demand for VaaS due to the globalization of business is expected to become a major driver for the growth of the market. VaaS is also likely to find more applications in the business, education, healthcare, government, and media and entertainment end-use segments. The rapid growth of telemedicine and online education in emerging Asia-Pacific economies is expected to play a central role in driving demand for VaaS solutions. However, the high initial investments in the purchase and deployment of video conferencing (VC) solutions and concerns related to privacy and information security are significant constraints to the growth of the market. The high cost of providing video services can be attributed to high quality video communication devices, data security software solutions for secure data transmission, and employee training.
Highlights of Video as a Service Market Report
Many organizations have moved to VaaS to enable customer-centric services and employee collaboration without worrying about the underlying technologies and networks of participants.
Supportive government initiatives supporting the adoption of mobile apps, digital technologies and internet connectivity to reduce manual efforts and improve the productivity of organizations are also expected to fuel the market growth.
VaaS is available to users on demand. This implies that the service forecasts consumption to meet the current level of demand. The host provides an infrastructure in which resources are pooled and shared to meet user needs
Growing number of tech and service start-ups in India and China is expected to propel the growth of the Asia-Pacific regional market
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends and Scope
3.1 Market size and growth outlook
3.2 VaaS Market – Value Chain Analysis
3.2.1 Supplier landscape
3.3 Market dynamics
3.3.1 Impact of Covid-19 on the Vaas market
3.3.2 Market Driver Analysis
220.127.116.11 Growing broadband communications infrastructure
18.104.22.168 Growing adoption of video conferencing solutions by multinationals to support global operations
3.3.3 Analysis of market restrictions
22.214.171.124 High acquisition and integration costs
3.4 Mapping of penetration and growth prospects
3.5 Business environmental analysis tools
3.5.1 Porter’s five forces analysis
3.5.2 Pest analysis
Chapter 4 Video as a Service (VaaS) Market Application Outlook
Chapter 5 Outlook for Cloud Deployment Mode of Video as a Service (VaaS) Market
Chapter 6 Vertical Outlook for Video as a Service (VaaS) Market
Chapter 7 Regional Video as a Service (VaaS) Market Outlook
Chapter 8 Competitive Analysis
8.1 Recent developments and impact analysis, by major market players
8.2 Categorization of companies (key innovators, market leaders, emerging players)
8.3 Company Market Share Analysis, 2020
Chapter 9 Competitive Landscape
For more information on this report, visit https://www.researchandmarkets.com/r/9iztva
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210928005561/en/
Laura Wood, Senior Press Director
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