Video As A Service (Vaas) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Video as a Service (VaaS) Market
The video as a service (VaaS) market size was valued at USD 4.85 billion in 2023, and the market is now projected to grow from USD 5.57 billion in 2024 to USD 19.36 billion by 2032, exhibiting a CAGR of 16.8% during the forecast period of 2024-2032.
The demand for video conferencing and collaborations has accelerated the boom of the Video as a Service (VaaS) market. The COVID-19 pandemic catalyzed this trend, driving groups to undertake hybrid work fashions and growing the need for real-time, faraway get right of entry to video services. As a result, VaaS marketplace growth is specifically strong amongst medium and large-scale organizations.
The developing globalization of corporations and call for scalable, value-powerful video communications are using market growth for video-primarily based solutions. The COVID-19 pandemic extended this fashion, enhancing business communications and lowering tour expenses. Technological improvements, mainly in 5G, are similarly boosting call for amazing cloud video offerings. Increased adoption across industries, government, and education sectors is also contributing to market enlargement.
The integration of advanced technologies like AI and ML into video as a provider (VaaS) answer is increasing the client base and improving user stories. Key players, which include Zoom, are making an investment in AI-driven functions for progressed productiveness and effective collaboration. These advancements, such as noise minimization, real-time transcriptions, and submit-assembly analytics, are using marketplace boom. Enhanced service solutions are influencing the global VaaS marketplace.
Comprehensive Analysis of Video as a Service (VaaS) Market
The video as a service (VaaS) market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by deployment analysis, by application analysis, by industry analysis. By deployment analysis include, hybrid cloud, private cloud, and public cloud. By application analysis include, corporate communications, training and development, and marketing. By industry analysis include, BFSI, IT & telecom, healthcare, retail & consumer goods, education, government, and others (manufacturing and others).
The North America region lead the video as a service (VaaS) market share by benefitting a market size of USD 1.80 billion in 2023 due to the early adoption of advanced technology.
The pinnacle gamers inside the marketplace play an essential role in the enterprise assuring market growth and setting market requirements. These players include, Microsoft (U.S.), Zoom Video Communications, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Adobe (U.S.), Avaya LLC (U.S.), GoTo (U.S.), RingCentral, Inc. (U.S.), Google (U.S.), Amazon Web Services, Inc. (U.S.), and Plantronics, Inc. (U.S.) these market players provide a level-playing competitive landscape.
In November 2023, ArcGIS launched ArcGIS Video Server for ArcGIS Enterprise, enhancing video capabilities by enabling searching, streaming, indexing, and publishing video as a service with temporal and geospatial context.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 16.8% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
Public Cloud
Private Cloud
Hybrid Cloud
By Application
Corporate Communications
Training and Development
Marketing
By Industry
BFSI
IT & Telecom
Healthcare
Retail & Consumer Goods
Education
Government
Others (Manufacturing and Others)
By Region
North America (By Deployment, By Application, By Industry, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
South America (By Deployment, By Application, By Industry, and By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Europe (By Deployment, By Application, By Industry, and By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Rest of Europe
Middle East and Africa (By Deployment, By Application, By Industry, and By Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- North Africa (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa
Asia Pacific (By Deployment, By Application, By Industry, and By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- ASEAN (By Application)
- Oceania (By Application)
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Video as a Service Key Players Market Share/Ranking, 2023
- 5. Global Video as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Public Cloud
- 5.2.2. Private Cloud
- 5.2.3. Hybrid Cloud
- 5.3. By Application (USD)
- 5.3.1. Corporate Communications
- 5.3.2. Training and Development
- 5.3.3. Marketing
- 5.4. By Industry (USD)
- 5.4.1. BFSI
- 5.4.2. IT & Telecom
- 5.4.3. Healthcare
- 5.4.4. Retail & Consumer Goods
- 5.4.5. Education
- 5.4.6. Government
- 5.4.7. Others (Manufacturing, and others)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Video as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Public Cloud
- 6.2.2. Private Cloud
- 6.2.3. Hybrid Cloud
- 6.3. By Application (USD)
- 6.3.1. Corporate Communications
- 6.3.2. Training and Development
- 6.3.3. Marketing
- 6.4. By Industry (USD)
- 6.4.1. BFSI
- 6.4.2. IT & Telecom
- 6.4.3. Healthcare
- 6.4.4. Retail & Consumer Goods
- 6.4.5. Education
- 6.4.6. Government
- 6.4.7. Others (Manufacturing, and others)
- 6.5. By Country (USD)
- 6.5.1. U.S.
- 6.5.1.1. By Application
- 6.5.2. Canada
- 6.5.2.1. By Application
- 6.5.3. Mexico
- 6.5.3.1. By Application
- 7. South America Video as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Public Cloud
- 7.2.2. Private Cloud
- 7.2.3. Hybrid Cloud
- 7.3. By Application (USD)
- 7.3.1. Corporate Communications
- 7.3.2. Training and Development
- 7.3.3. Marketing
- 7.4. By Industry (USD)
- 7.4.1. BFSI
- 7.4.2. IT & Telecom
- 7.4.3. Healthcare
- 7.4.4. Retail & Consumer Goods
- 7.4.5. Education
- 7.4.6. Government
- 7.4.7. Others (Manufacturing, and others)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. By Application
- 7.5.2. Argentina
- 7.5.2.1. By Application
- 7.5.3. Rest of South America
- 8. Europe Video as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Public Cloud
- 8.2.2. Private Cloud
- 8.2.3. Hybrid Cloud
- 8.3. By Application (USD)
- 8.3.1. Corporate Communications
- 8.3.2. Training and Development
- 8.3.3. Marketing
- 8.4. By Industry (USD)
- 8.4.1. BFSI
- 8.4.2. IT & Telecom
- 8.4.3. Healthcare
- 8.4.4. Retail & Consumer Goods
- 8.4.5. Education
- 8.4.6. Government
- 8.4.7. Others (Manufacturing, and others)
- 8.5. By Country (USD)
- 8.5.1. U.K.
- 8.5.1.1. By Application
- 8.5.2. Germany
- 8.5.2.1. By Application
- 8.5.3. France
- 8.5.3.1. By Application
- 8.5.4. Italy
- 8.5.4.1. By Application
- 8.5.5. Spain
- 8.5.5.1. By Application
- 8.5.6. Russia
- 8.5.6.1. By Application
- 8.5.7. Benelux
- 8.5.7.1. By Application
- 8.5.8. Nordics
- 8.5.8.1. By Application
- 8.5.9. Rest of Europe
- 9. Middle East & Africa Video as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Public Cloud
- 9.2.2. Private Cloud
- 9.2.3. Hybrid Cloud
- 9.3. By Application (USD)
- 9.3.1. Corporate Communications
- 9.3.2. Training and Development
- 9.3.3. Marketing
- 9.4. By Industry (USD)
- 9.4.1. BFSI
- 9.4.2. IT & Telecom
- 9.4.3. Healthcare
- 9.4.4. Retail & Consumer Goods
- 9.4.5. Education
- 9.4.6. Government
- 9.4.7. Others (Manufacturing, and others)
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.1.1. By Application
- 9.5.2. Israel
- 9.5.2.1. By Application
- 9.5.3. GCC
- 9.5.3.1. By Application
- 9.5.4. North Africa
- 9.5.4.1. By Application
- 9.5.5. South Africa
- 9.5.5.1. By Application
- 9.5.6. Rest of MEA
- 10. Asia Pacific Video as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Public Cloud
- 10.2.2. Private Cloud
- 10.2.3. Hybrid Cloud
- 10.3. By Application (USD)
- 10.3.1. Corporate Communications
- 10.3.2. Training and Development
- 10.3.3. Marketing
- 10.4. By Industry (USD)
- 10.4.1. BFSI
- 10.4.2. IT & Telecom
- 10.4.3. Healthcare
- 10.4.4. Retail & Consumer Goods
- 10.4.5. Education
- 10.4.6. Government
- 10.4.7. Others (Manufacturing, and others)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. By Application
- 10.5.2. Japan
- 10.5.2.1. By Application
- 10.5.3. India
- 10.5.3.1. By Application
- 10.5.4. South Korea
- 10.5.4.1. By Application
- 10.5.5. ASEAN
- 10.5.5.1. By Application
- 10.5.6. Oceania
- 10.5.6.1. By Application
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Microsoft
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Zoom Video Communications, Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Cisco Systems, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Adobe
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Avaya LLC
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. GoTo
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. RingCentral, Inc.
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Google
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Amazon Web Services, Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Plantronics, Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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