Video As A Service Market Growth at a CAGR of 44.7% from 2021 to 2030
The global Video As A Service market size is expected to reach USD 45.7 billion by 2030 and is expected to expand at a CAGR of 44.7% from 2021 to 2030.
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Growth Factors
The growing demand for VaaS owing to the globalization of businesses is expected to emerge as a significant driver for market growth. VaaS is also likely to find more applications in the corporate, education, healthcare, government, and media & entertainment end-use segments. The rapid growth in telemedicine and online education in the emerging economies of Asia Pacific is anticipated to play a pivotal role in driving the demand for VaaS solutions. There is also a visible shift in the demand from on-premises (VC) and collaboration solutions to cloud-based solutions owing to the high scalability, flexibility, and cost-effectiveness offered by the cloud architecture. The prominence of cloud-based solutions has bolstered the growth of the video as a service (VaaS) market.
Report Coverage
| Report Scope | Details |
| Market Size | USD 45.7 billion by 2030 |
| Growth Rate | CAGR of 44.7% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Application, Cloud deployment mode, Vertical |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Adobe; Alphabet, Inc.; Amazon Web Services, Inc.; Avaya, Inc.; Cisco Systems, Inc.; LogMeIn, Inc.; Plantronics, Inc.; RingCentral, Inc.; Zoho Corporation Pvt. Ltd.; Zoom Video Communications, Inc. |
Report Highlights
The corporate communications segment dominated the market in 2021, accounting for a 38.7% share of the global revenue, and will expand further at the fastest CAGR over the forecast years. This growth can be attributed to the adoption of cloud-based services and increased demand for real-time and remote access video services among enterprises.
The adoption of VaaS has spurred significantly during the pandemic, contributing to the segment growth. The other applications include training & development, marketing & client engagement, broadcast distribution, content creation and management, and others.
The hybrid cloud segment dominated the market in 2021, accounting for 53.7% of the global revenue. The high share can be attributed to the substantial shift to a hybrid model that aligns with the nature of different workloads.
Deploying a cloud video in a SaaS (Software-as-a-Service) model relieves the enterprise IT teams and the customers of managing the environment. Some cloud solutions providers, such as Microsoft, offer cloud video-related innovations to deliver value-added VaaS.
The education segment dominated the market in 2021 with a revenue share of over 18%. The high share can be attributed to the mandated Work-from-Home (WFH) and distance education policies due to the COVID-19 pandemic. Schools, universities, and other learning institutions were encouraged to follow distance education, access Professional Learning & Development (PLD) programs, and work remotely.
The other verticals of the VaaS market include BFSI, healthcare & life sciences, retail & e-commerce, IT & telecom, government & public sector, media & entertainment, and others.
North America dominated the market in 2021 accounting for a revenue share of over 53%. This high share can be attributed to the presence of numerous cloud-based video solution providers in the region.
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. Although the region’s governing bodies and business communities have already encouraged technology innovation before the COVID-19 pandemic, the coronavirus outbreak has acted as a catalyst for developing high-quality internet infrastructure in the region, allowing people to work remotely.
Key Players
- Adobe
- Alphabet, Inc.
- Amazon Web Services, Inc.
- Avaya, Inc.
- Cisco Systems, Inc.
- LogMeIn, Inc.
- Plantronics, Inc.
- RingCentral, Inc.
- Zoho Corporation Pvt. Ltd.
- Zoom Video Communications, Inc.
Market Segmentation
- Application
- Corporate Communications
- Training & Development
- Marketing & Client Engagement
- Broadcast Distribution
- Content Creation &Management
- Others
- Cloud Deployment Mode
- Public Cloud
- Private Cloud
- Hybrid Cloud
- Vertical
- BFSI
- Healthcare & Life Sciences
- Retail & E-Commerce
- IT & Telecom
- Education
- Government & Public Sector
- Media & Entertainment
- Others
- Regional
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Video As A Service Market, By Application
7.1. Video As A Service Market, by Application, 2021-2030
7.1.1. Corporate Communications
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Training & Development
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Marketing & Client Engagement
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Broadcast Distribution
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Content Creation &Management
7.1.5.1. Market Revenue and Forecast (2017-2030)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Video As A Service Market, By Cloud Deployment Mode
8.1. Video As A Service Market, by Cloud Deployment Mode, 2021-2030
8.1.1. Public Cloud
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Private Cloud
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Hybrid Cloud
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Video As A Service Market, By Vertical
9.1. Video As A Service Market, by Vertical, 2021-2030
9.1.1. BFSI
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Healthcare & Life Sciences
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Retail & E-Commerce
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. IT & Telecom
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Education
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Government & Public Sector
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Media & Entertainment
9.1.7.1. Market Revenue and Forecast (2017-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Video As A Service Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Application (2017-2030)
10.1.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.1.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.2.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Application (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.3.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Application (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.4.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Application (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.5.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.5.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Application (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Vertical (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Application (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Cloud Deployment Mode (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Vertical (2017-2030)
Chapter 11. Company Profiles
11.1. Adobe
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Alphabet, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Amazon Web Services, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Avaya, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Cisco Systems, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. LogMeIn, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Plantronics, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. RingCentral, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Zoho Corporation Pvt. Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Zoom Video Communications, Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms
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