Video as a Service Market Overview
The Video as a service market is an emerging market of the new forecast period. As people move towards better and smarter ways of communication that provide realistic yet virtual experiences, such markets are growing. People prefer to watch the Video as a medium of entertainment and communication over simple audio or text. Videos offer far more immersive experiences and are more relevant to the new tech-savvy population. The market enables smartphone and tablet users to communicate with video calls and videoconferencing. With the growth of digital infrastructure, the growth of the Video as a service sector is also gaining pace. Advanced digital infrastructure ensures that video quality is maintained over calls.
With the pandemic as a factor, more and more people are using video calls and conferences to communicate. From schools to families, video calls connect different society stakeholders for different purposes. The rise of cloud-based services and remote communication is a major influence on the Video as a service market. The infrastructure available is vast, and the investment needed is low. Therefore, major telecom service providers and investors are putting funds into this sector.
Various key business segments, Video as a Service Market analysis, market shares, market challenges, and market size are some of the critical factors discussed in this report. The market value is growing and will reach 6.79 billion USD over the next few years. Till the year 2027, the CAGR of the sector will be 8.2 per cent. Thus, the market will see a healthy CAGR over the next few years. In the coming years, the number of markets dependent on the Video as a service sector will grow. A rapid increase in the user base for smartphones and tablets and the strengthening of internet infrastructure supports uninterrupted video communication across different world regions.
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Video as a Service Market Segments
The global video as a service market has been segmented based onapplication, cloud deployment, vertical, and region.
- Corporate communications
- Training development
- Marketing client engagement
Based on Cloud Deployment
Based on Vertical
- IT telecommunications
- Media entertainment
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Video as a Service Market Regional Analysis
The Video as a service market arises from the different regional markets of the world. The primary regional markets of the global sector are North America, APAC, MEA, South America and the European region. The Asia Pacific regional market is predicted to be the fastest-growing regional market for the sector. On the other hand, the leader among regional markets with the biggest revenue share will be the North American region.
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)
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Key questions answered in the report include
- Which are the five top players of the Video as a Service market?
- How will the Video as a Service market change in the next five years?
- What will be the market size and the growth rate by the end of the forecast period??
- What are the drivers and restraints of the Video as a Service market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Video as a Service market throughout the forecast period?
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