Video-as-a-Service (VaaS) Market is Projected to Grow Expeditiously: to Reach $14,650.73 Billion by 2030, Report

According to the report published by Allied Market Research, the global Video-as-a-Service (VaaS) market was estimated at $4.27 billion in 2020 and is expected to hit $14.65 billion by 2030, registering a CAGR of 13.2% from 2021 to 2030.

The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Request Sample Report (Get Full Insights in PDF - 293 Pages) at: https://www.alliedmarketresearch.com/request-sample/A08465

Rise in demand for real-time and remote access video service, increase in adoption of video conferencing solutions by large enterprises to support global operations, and developments in high-speed communication infrastructure drive the global Video-as-a-Service (VaaS) market.

On the other hand, high acquisition & integration costs and several data security & privacy concerns impede the growth to some extent. However, use of advanced technologies such as AI & machine learning and the surge in the incorporation of video-as-a-service (VaaS) among SMEs is expected to create multiple opportunities in the industry.

The global Video-as-a-Service (VaaS) market is analyzed across deployment model, enterprise size, application, industry verticals, and region.

Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/video-as-a-service-market/purchase-options

Based on the deployment model, the public cloud segment accounted for more than two-thirds of the total market share in 2020 and is expected to rule the roost by 2030. The hybrid cloud segment would also garner the fastest CAGR of 16.1% throughout the forecast period.

Based on enterprise size, the large enterprise's segment contributed to nearly three-fourths of the total market revenue in 2020 and is projected to lead the trail by 2030. The small & medium enterprises segment, on the other hand, would exhibit the fastest CAGR of 15.0% during the forecast period.

Based on region, the market across North America held the major share in 2020, garnering more than one-third of the global market. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 15.0% throughout the forecast period. The other provinces discussed in the report include Europe and LAMEA.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A08465

The key market players analyzed in the global Video-as-a-Service (VaaS) market report include Avaya Inc., Blue Jeans Network, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., LogMeIn, Inc., Plantronics, Inc., Zoom Video Communications, Inc., Premiere Global Service, Inc., Amazon Web Service, Inc., and RingCentral, Inc. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

COVID-19 scenario-

1. Since video conferencing has gained a double-fold growth to support government lockdowns and social distancing measures, the demand for Video-as-a-Service (VaaS) has increased significantly during the global health crisis.

2. This trend is most likely to persist post-pandemic as well.

Access the full Report Summary at: https://www.alliedmarketresearch.com/video-as-a-service-market-A08465

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: + 1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, on Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.