Overview and Scope
Video-as-a-service (VaaS) refers to managed services provided by an organization to offer multiparty or point-to-point video conferencing capabilities over an IP network. A video conference is a real-time, visible connection made for a conversation between two or more people remotely. Video-as-a-service (VaaS) is used to provide hosting services to customers to make video calls via the internet using the provider’s infrastructure.
Sizing and Forecast
The video-as-a-service (vaas) market size has grown exponentially in recent years. It will grow from $4.57 billion in 2023 to $5.53 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to increased use of mobile devices, security and compliance requirements, rise in remote work, globalization of businesses, cost savings and scalability, improved internet connectivity..
The video-as-a-service (vaas) market size is expected to see exponential growth in the next few years. It will grow to $11.95 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to hybrid work models, vertical-specific solutions, increased focus on user experience, green initiatives and sustainability, customization and api development.. Major trends in the forecast period include integration with unified communications , cloud-based video services, focus on security and compliance, ai-enhanced video capabilities, virtual events and webinars, real-time analytics and insights, continuous software updates and feature enhancements..
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Segmentation & Regional Insights
The video-as-a-service (vaas) market covered in this report is segmented –
1) By Type: Managed Services, Broadcasting Video Communication, Video Conferencing, Video Content Management, Real-Time Video Monitoring, Professional Services, Consulting, System Integration, Support And Maintenance
2) By Deployment Model: Private Cloud, Public Cloud, Hybrid Cloud
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
4) By Applications: Corporate Communications, Training And Development, Marketing And Client Engagement
5) By Industrial Verticals: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) & Telecom, Healthcare And Life Sciences, Education, Media And Entertainment, Government And Public Sector, Retail And Consumer Goods, Other Industrial Vertical
North America was the largest region in the video-as-a-service (VaaS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video-as-a-service (vaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in number of internet users worldwide is expected to propel the video-as-a-service (VaaS) market. Internet users are those who actively participate in online communities or on the Internet. The Internet is a vast network of computer networks that provides access to information resources over a variety of private, public, commercial, academic, and governmental networks. Video-as-a-service (VaaS) helps internet users with live streaming, home security, video on demand, and other tools that improve professional and personal interactions. For instance, in November 2022, the International Telecommunication Union, a Switzerland-based United Nations agency overseeing technology and communication, reported that approximately 5.3 billion people, constituting 66% of the global population, utilize the internet. This reflects a 6.1% increase compared to 2021. Therefore, the increasing number of internet users around the world is driving the growth of the video-as-a-service (VaaS) market.
Key Industry Players
Major companies operating in the video-as-a-service (vaas) market report are Amazon Web Services Inc., Avaya Holdings Corp, BlueJeans Network Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Zoom Video Communications Inc., Microsoft Corporation, Google LLC, LogMeIn Inc., Lifesize Inc., Adobe Inc., Arkadin SAS, AT&T Inc., BroadSoft Inc., BT Group plc, Fuze Inc., InterCall, Kaltura Inc., Level 3 Communications LLC, Orange SA, Polycom Inc., Premiere Global Services Inc., RingCentral Inc., StarLeaf Ltd., Tata Communications Ltd., Vidyo Inc., Vodafone Group plc, West Corporation, ZTE Corporation, GoToMeeting by LogMeIn Inc.
The video-as-a-service (vaas) market report table of contents includes:
1. Executive Summary
2. Video-As-A-Service (VaaS) Market Characteristics
3. Video-As-A-Service (VaaS) Market Trends And Strategies
4. Video-As-A-Service (VaaS) Market – Macro Economic Scenario
5. Global Video-As-A-Service (VaaS) Market Size and Growth
…..
32. Global Video-As-A-Service (VaaS) Market Competitive Benchmarking
33. Global Video-As-A-Service (VaaS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Video-As-A-Service (VaaS) Market
35. Video-As-A-Service (VaaS) Market Future Outlook and Potential Analysis
36. Appendix
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