Video-as-a-Service (VaaS) is nothing but the delivery of point-to-point video streaming capabilities over the internet. It comes under software as a service. In Video-as-a-Service, a video stream is delivered over the network by a provider. The service provider maintains communication between the parties which are involved. Video-as-a-Service has become an essential work environment. More businesses are attempting to follow the pattern of creating a flexible workspace. Businesses that use online work facilities are more able to hire and retain employees. By the means of Video-as-a-Service, employers can provide better work/life balance.This growth is primarily driven by Need of Flexible Work Environment, Need of Communication Between Two Far Away Points and The demand for Video-As-A-Service Due to The Convenience It Offers.
Globally, a noticeable market trend is evident Introduction of Features Like Background Change in Video-As-A-Service
. Major Players, such as Zoom (United States), Microsoft (United States), Google (United States), Apple (United States), Facebook (United States), Cisco (United States), Amazon (United States), Jio (India), Jitsi (United States) and WeChat (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th Oct 2018, 8x8, a leading cloud provider of voice, video, collaboration, and contact center solutions with over one million customers worldwide, has announced the acquisition of the Jitsi open-source video messaging technology as well as its highly trained team of open-source video technology experts. This will further expand 8x8’s platform.
- Need of Flexible Work Environment
- Need of Communication Between Two Far Away Points
- The demand for Video-As-A-Service Due to The Convenience It Offers
- Introduction of Features Like Background Change in Video-As-A-Service
- Adoption of Encryption to Make Video-As-A-Service More Secure
- Many Individuals Report Unnatural Fatigue After Long Video Conferences
OpportunitiesSpread of Covid-19 Pandemic Has Drastically Boosted the Demand of Video-As-A-Service and Growing Number of Employers Are Adapting Video-As-A-Service for Employees
ChallengesVideo-As-A-Service Is Dependant on Good Internet Quality and Video-As-A-Service Faces Security Concerns
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Video-as-a-Service Study Sheds Light on— The Video-as-a-Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Video-as-a-Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Video-as-a-Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.