Authored By: Sarah
19 Jun 2024

 Video as a Service Market to grow by USD 5.33 billion between 2024-2028

According to a research report “ Video as a Service Market” by Deployment (Public cloud, Private cloud, Hybrid cloud) End-user (Large enterprises, SMEs) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5.33 billion at a CAGR of  16.34% during the forecast period. The COVID-19 pandemic has catalyzed the transition to online learning, resulting in a significant increase in the utilization of Video as a Service (VaaS). Educational institutions are capitalizing on video communication technology to establish virtual classrooms, enabling live instruction, real-time student engagement, and flexible learning experiences. VaaS empowers interactive sessions, such as virtual discussions, collaborative projects, and Q&A sessions, thereby fostering participation and replicating elements of traditional classroom settings..

Browse market data tables, figures, and in-depth TOC on “Video as a Service Market” by Deployment (Public cloud, Private cloud, Hybrid cloud) End-user (Large enterprises, SMEs) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028.

 View detailed Table of Content- Click here

By Deployment, the Public cloud segment is projected to dominate the market size in 2024.

In the business world, Video as a Service (VaaS) plays a pivotal role in enabling effective communication and collaboration for enterprises with geographically dispersed teams. By facilitating real-time, face-to-face interactions through video conferencing, VaaS bridges geographical gaps, fostering better communication and collaboration. International organizations particularly benefit from VaaS, as it enables seamless cross-border collaboration and reduces challenges posed by time zone differences. Executive communications, such as virtual town halls, briefings, and updates, are also optimized through VaaS, allowing executives to engage with stakeholders and teams worldwide in a more personal and impactful manner.

By End-user, Large enterprises  segment is expected to hold the largest market size for the year 2024.

In the business world, the shift towards Video as a Service (VaaS) in the public cloud has been a game-changer. Eliminating the need for substantial upfront investments in on-premises infrastructure, hardware, and maintenance, VaaS operates on a subscription-based model. This cost-effective approach allows businesses to pay for only the services they utilize, resulting in significant savings compared to traditional video conferencing solutions. Furthermore, VaaS offers scalability, enabling businesses to adapt to their evolving needs by easily increasing or decreasing user capacity and usage levels. The flexibility of accessing video conferencing and collaboration tools from anywhere with an Internet connection adds to the convenience and efficiency of this business solution.

North America is forecasted to hold the largest market size by region in 2024.

In North America, the Video as a Service (VaaS) market is poised for significant expansion during the forecast period. The transition to remote and hybrid work structures has fueled the need for efficient communication and collaboration tools, making VaaS providers indispensable. Across industries, businesses are embracing VaaS solutions for virtual meetings, collaboration, and communication. Seamless video conferencing experiences are in high demand, driving the proliferation of VaaS platforms in North American enterprises. The adoption of cloud-based technologies has streamlined the deployment of VaaS offerings, providing scalability, flexibility, and accessibility for organizations to seamlessly integrate video communication into their workflows.

The Video as a Service Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Acronis International GmbH
  • Advanced Control Corp.
  • Alphabet Inc.
  • Amazon.com Inc.
  • Cisco Systems Inc.
  • Cloudastructure Inc.
  • Commvault Systems Inc.
  • Dell Technologies Inc.
  • Honeywell International Inc.
  • Insight Enterprises Inc.
  • International Business Machines Corp.
  • Microsoft Corp.
  • NetApp Inc.
  • Quantum Corp.
  • RiversideFM Inc.
  • Robert Bosch GmbH
  • Signature Video Group
  • Thinkmojo
  • Vidico
  • YUM YUM DIGITAL
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Video as a Service (VaaS) market is experiencing significant growth due to the increasing demand for real-time video services in various sectors. High-quality video services are essential in managing and responding to incidents such as road accidents and fire incidents. Machine learning and deep learning technologies, along with Artificial Intelligence (AI), are being integrated into video services to enhance their capabilities. Remote access to video services is crucial for businesses and organizations, enabling them to access video streams from anywhere, at any time. VaaS includes Video Streaming & Management, Video conferencing, and Cloud video services. Mobile broadband and Cloud computing are essential technologies that support the delivery of these services. The adoption of 5G technology is expected to further boost the growth of the VaaS market, providing faster and more reliable video conferencing services. Cloud vendors are also investing heavily in this space, offering advanced features and functionalities to their clients. Overall, the VaaS market is poised for continued growth, driven by the increasing demand for real-time video services and the integration of advanced technologies such as machine learning, deep learning, and AI.

Market Research Overview

The Video as a Service (VaaS) market encompasses a range of offerings, including on-demand video content and high-quality live video services. AI-based VaaS solutions employ machine learning (ML) and deep learning (DL) technologies to analyze video content, reducing false alarms and enhancing security. Real-time video services monitor for security breaches, thefts, road accidents, and fire incidents. ML and AI are integral to video services, enabling features like facial recognition, live transcripts, and noise reduction. Remote access to video content is facilitated through cloud video services, which can be deployed on hybrid, private, or public clouds. Cloud vendors offer video streaming & management, conferencing, and executive messaging services. The integration of 5G technology and mobile broadband enhances the delivery of high-quality video services. Overall, the VaaS market continues to evolve, providing innovative solutions for various industries and applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio