Video-as-a-Service (VaaS) Market Scope
Video-as-a-Service is the delivery of multiparty or point-to-point video conferencing capabilities over the IP network by the service providers. The growing trend of remote working and online learning due to the coronavirus outbreak has spurred the need for advanced video services for video communications across the globe. The inclination towards cloud-based video services and the evolution of 5G network will create significant opportunity in the market.
The Video-as-a-Service (VaaS) market study is segmented, by Application (Conferencing, Corporate Meeting, Training & Development and Others) and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the service with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Video-as-a-Service (VaaS) market throughout the predicted period.
Amazon (United States), Cisco Systems (United States), RingCentral (United States), Zoom Video Communications (United States), Google (United States), Microsoft Corporation (United States), Poly (United States), Avaya (United States), Kaltura (United States), UnoTelos Ltd (Nigeria) and IPVS (Australia) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Video-as-a-Service (VaaS) market by Type, Application and Region.
On the basis of geography, the market of Video-as-a-Service (VaaS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In April 2020, RingCentral, Inc. announced the launch of RingCentral Video, an open platform for reimagined video meetings experience. The new platform offers massage video phone capabilities including business voice, SMS, fax, and collaboration across all modes of communication. It will allow RingCentral to address the growing demand for cutting-edge video technologies in work from anywhere.
- Emerging Trend of AI-Based Video-as-a-Service
- Increasing Demand for Cutting Edge Video Conferencing Tools for High-Quality Video Service
- Growing Digitalization of Corporate Sectors and Adoption of Video Conferencing for Meetings and Conferences
- Emerging Trend of Distance Learning and Online Classes Due to Outbreak of Covid-19
- Increased Data and Privacy Concern Due to Growth of Cyberattacks
- Lack of High-Speed Internet Connectivity in the Rural Areas
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Video-as-a-Service (VaaS) Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Video-as-a-Service (VaaS) Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.