Video as a Service Market Upcoming Trends, SWOT Analysis, Size, Share, Top 10 Key Players Analysis & Forecast - 2027 | Expert Review

The Global Video as a Service Market is estimated to reach USD 6.79 billion by 2022-2027, at an 8.2% CAGR. A benefit of video-as-a-service is that it has a low total cost of ownership. VaaS enables organizations to administer their servers without having to deploy staff or build infrastructure.

The Video as a Service Market is expanding due to factors, including the increased demand for cloud-based video services and the increasing number of internet users globally. Additionally, the market demand for video-as-a-service (VaaS) is constantly increasing due to its ability to boost productivity, promote engagement, and keep remote workers in touch.

The Video as a Service Market (VaaS) market has benefited from the COVID-19 pandemic. There has been a sudden increase in demand for video-as-a-service (VaaS) since many companies prefer cloud-based virtual meetings to extend their clientele during the present global health crisis. Additionally, increased government efforts to promote remote company operations have a significant impact on the market's growth.

Market segmentation

The Global Video as a Service Market is segmented by deployment model, enterprise size, application, and industry vertical.

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Based on the application, the market is divided into corporate communications, training and development, and marketing and client engagement. The marketing and client engagement application sector dominates the market.

Based on the deployment, the market is divided into private, public, and hybrid cloud categories. Based on Cloud Deployment Model, the public cloud sector has the largest market share. This is because it can be scaled and has flexible pricing.

Based on the organization size, the market is divided into Large, and Small & medium-sized companies. Small businesses are predicted to experience the fastest market growth during the forecasted period.

Based on the industry vertical, the market is divided into BFSI, IT & telecom, healthcare & life sciences, education, media & entertainment, government & public sector, retail & consumer goods, and others. The BFSI category holds a sizable market share as a result of improved internal communication within the business.

Regional classification

The Global Video as a Service Market is divided into the following regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

In 2020, North America dominated the worldwide Video as a Service Market. The United States is the region's main market due to the rising acceptance of Video as a Service by enterprises for real-time collaboration and communication.

The Asia-Pacific region's market is estimated to grow the fastest throughout the projected time frame. This can be attributed to increased efforts by the governments of China, Japan, Singapore, Australia, and India to promote digital services to customers and meet consumer expectations by leveraging the cloud Video as a Service platform.

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Video as a Service Market Key Players

Microsoft (US)
Zoom Video Communications Inc. (US)
Cisco Systems Inc. (US)
Adobe (US)
Avaya Inc. (US)
Google (US)
Amazon Web Services Inc. (US)
Plantronics Inc. (US)
LogMeIn Inc. (US)
RingCentral Inc. (US)
Zoho Corporation Pvt. Ltd. (India)
Premiere Global Services Inc. (US)
Wickr Inc. (US)
Pexip AS (Norway)
StarLeaf (UK)

Reasons for Buying This Report:

It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
It Helps in Understanding the Key Product Segments and Their Future.
It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.

Industry news

Major industry competitors are constantly enhancing their product offerings to keep a competitive edge and suit evolving customer demand. As a result, they are fusing advanced technologies like AI, deep learning, and machine learning with Video as a Service (VaaS).

Some of the prominent players in the Video as a Service market are Zoho Corporation Pvt. Ltd., Plantronics, Inc., Cisco Systems, Inc., Adobe, Avaya, Inc., Amazon Web Services, Inc., Microsoft, Zoom Video Communications, Inc., Log Mein, Inc., Ring Central, Inc. and Alphabet, Inc.

In September 2020, Zoom Video Communications collaborated with Lumen to enable Lumen to use Zoom as part of their Unified Communications and Collaboration Suite.

In May 2020, Sony Semiconductor Solutions and Microsoft collaborated to broaden customer access to AI-powered smart cameras and video analytics tools.

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