NEW
YORK, July 19, 2024 /PRNewswire/ -- The
global video as a service market size is estimated to
grow by USD 5.33 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 16.34% during the forecast period. Increased adoption
of VaaS in virtual education is driving market
growth, with a trend towards emergence of immersive
technologies in VaaS. However, concerns associated with
security and privacy of vaas platforms poses a challenge. Key
market players include 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, and YUM YUM DIGITAL.
![Technavio has announced its latest market research report titled Global Video as a Service Market 2024-2028 Technavio has announced its latest market research report titled Global Video as a Service Market 2024-2028](https://mma.prnewswire.com/media/2464422/Technavio_Global_Video_as_a_Service_Market_2024_2028.jpg)
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Video As A Service
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
16.34%
|
Market growth
2024-2028
|
USD 5.33
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
15.94
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
41%
|
Key
countries
|
US, China, Japan, UK,
and Germany
|
Key companies
profiled
|
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, and YUM YUM
DIGITAL
|
Market Driver
Immersive technologies, including AR and VR, are revolutionizing
the Video as a Service (VaaS) market by enhancing collaboration and
communication experiences. VR-based VaaS solutions enable
participants to conduct meetings and collaborations in virtual
spaces, where they can create avatars, navigate virtual
environments, and interact with content in a more dynamic way than
traditional video conferencing. Spatial audio and AR overlays
further enrich these experiences, creating a more natural and
realistic communication environment. VR is particularly valuable in
industries requiring hands-on training and simulations, such as
healthcare, manufacturing, and education. Immersive VaaS platforms
also support virtual conferences and events, allowing users to
network and engage in interactive activities. VR-based training
sessions and simulations offer a more immersive learning
experience. Cross-platform immersion is another key advantage, as
users can access AR and VR interactions across various devices,
including smartphones, tablets, VR headsets, and AR glasses. The
integration of immersive technologies into VaaS is expected to
significantly contribute to the growth of the global Video as a
Service market.
Video-as-a-Service (VaaS) is a trending business solution that
delivers on-demand videos and real-time video services. Executive
messaging, video conferencing, and streaming & management are
key components. Cloud deployment options include public, private,
and hybrid models. AI and machine learning technologies enhance
VaaS, providing features like facial recognition, live transcripts,
and noise reduction. Security is crucial, with AI monitoring for
false alarms from incidents like fire, accidents, or thefts. Cloud
vendors offer high-quality live and on-demand video content. 5G
technology and mobile broadband improve access. AI-based VaaS also
includes deep learning for better video analysis. ML helps improve
video quality and reduce false alarms. Cloud computing and
recording with storage complete the package.
Discover 360° analysis of this market. For
complete information, schedule your consultation - Book
Here!
Market Challenges
- Video as a Service (VaaS) platforms have gained significant
popularity in today's digital world, enabling organizations and
individuals to conduct virtual meetings and collaborate remotely.
However, concerns regarding security and privacy are critical in
the adoption and growth of the VaaS market. Unauthorized access to
video meetings can lead to the exposure of sensitive information,
making end-to-end encryption and secure transmission of video data
essential. VaaS platforms handle personal and organizational data,
leading to concerns about data collection, storage, and processing.
Clear and transparent data retention policies are crucial to
prevent unauthorized data retention. Robust user authentication
mechanisms and access controls are vital to prevent unauthorized
individuals from gaining access to video meetings. VaaS platforms
offer the capability to record meetings for future reference,
requiring secure access controls and encryption to prevent
unauthorized disclosure of recorded content. Default settings and
configurations should be secure to prevent unnecessary risks. Users
play a crucial role in maintaining the security and privacy of VaaS
platforms. Lack of user awareness and training can lead to security
lapses. Screen-sharing features, while valuable for collaboration,
can pose risks if not properly controlled, leading to unintentional
sharing of sensitive information or unauthorized screen access.
These concerns may impede the growth of the global VaaS market
during the forecast period.
- Video-as-a-Service (VaaS) is a growing market that offers
businesses on-demand videos and executive messaging through public,
private, or hybrid cloud solutions. Challenges include ensuring
high-quality video service, especially for real-time video
conferencing, and managing video streaming and storage. AI and
machine learning technologies, including deep learning and facial
recognition, enhance security by monitoring for incidents like
fire, road accidents, thefts, and security breaches. However, false
alarms can be a concern. Cloud vendors provide video conferencing
services, and 5G technology and mobile broadband improve access.
AI-based VaaS can transcribe live videos into text for easy access.
Noise and low-quality videos are common issues to address.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This video as a service market report extensively covers market
segmentation by
- Deployment
- 1.1 Public cloud
- 1.2 Private cloud
- 1.3 Hybrid cloud
- End-user
- 2.1 Large enterprises
- 2.2 SMEs
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Public cloud- Public cloud Video as a
Service (VaaS) eliminates the need for organizations to invest
heavily in on-premises infrastructure, hardware, and maintenance.
This subscription-based model allows businesses to pay for the
services they use, resulting in potential cost savings compared to
traditional video conferencing solutions. Cloud-based video
services offer scalability, enabling businesses to easily scale up
or down based on the number of users and level of usage. This
flexibility is particularly beneficial for organizations with
distributed teams, remote workers, or international offices,
fostering collaboration regardless of location. Cloud service
providers handle infrastructure maintenance, updates, and upgrades,
freeing up IT teams to focus on strategic initiatives.
Implementation is faster than on-premises solutions, enabling rapid
rollout of video collaboration tools. Integration with other
cloud-based services and applications streamlines workflows.
Regular updates from cloud service providers ensure access to the
latest capabilities without manual intervention. Public cloud VaaS
operates on a pay-as-you-go or subscription model, aligning
expenses with actual usage and making it a cost-effective solution
for businesses of all sizes. The benefits of cost efficiency,
scalability, faster deployment, and feature enhancements will fuel
the growth of public cloud VaaS and the global video as a service
market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global OTT market continues to surge with increasing demand
for streaming services, driven by widespread internet access and
mobile adoption. OTT platforms offer diverse content choices, from
movies to live sports, revolutionizing entertainment consumption
worldwide. Video-as-a-Service (VaaS) is transforming communication
and collaboration across industries. Offering scalable video
solutions, VaaS enhances remote work capabilities and customer
engagement, fostering seamless interaction and operational
efficiency. The global post-production market is evolving with
advancements in digital editing technologies. From films to
commercials, post-production services play a crucial role in
enhancing visual appeal and storytelling, meeting the demands of
diverse media landscapes.
Research Analysis
Video as a Service (VaaS) is a cloud-based solution that
delivers high-quality, real-time video services to businesses and
individuals. VaaS utilizes cloud computing, video conferencing, and
mobile broadband to enable remote access to video content. The
integration of 5G technology and AI/ML enhances the user experience
by providing faster transmission speeds and advanced features like
facial recognition and object detection. VaaS offers video
streaming & management solutions for various industries,
including emergency services, transportation, and security. AI and
deep learning algorithms analyze video feeds in real-time to detect
anomalies, such as fire incidents or road accidents, ensuring
prompt response and mitigating potential risks. VaaS is
revolutionizing the way we consume and manage video content,
offering flexible, scalable, and cost-effective solutions for
businesses and individuals alike.
Market Research Overview
Video as a Service (VaaS) is a cloud-based solution that enables
businesses and individuals to access, manage, and deliver
high-quality video content in real-time or on-demand. Powered by
cloud computing, 5G technology, and mobile broadband, VaaS offers
various features such as conferencing, recording, storage, facial
recognition, live transcripts, and ML (Machine Learning) for
improved video quality. VaaS caters to various industries,
including executive messaging, public, private, and hybrid cloud
solutions. It provides real-time video services for monitoring
critical incidents like fire, accidents, and thefts, while also
offering AI and deep learning-based services to minimize false
alarms. VaaS is revolutionizing the way we communicate,
collaborate, and consume video content.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Deployment
-
- Public Cloud
- Private Cloud
- Hybrid Cloud
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
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/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/video-as-a-service-market-size-is-set-to-grow-by-usd-5-33-billion-from-2024-2028--increased-adoption-of-vaas-in-virtual-education-boost-the-market-technavio-302200688.html
SOURCE Technavio