According to a market report by Lucintel, the future of the global video as a service market looks promising with opportunities in the BFSI, IT & telecom, healthcare & life sciences, education, media & entertainment, government & public sector, and retail & consumer good sectors. The global video as a service market is expected to reach an estimated $11.1 billion by 2030 with a CAGR of 15.7% from 2024 to 2030.

The major drivers for this market are increasing demand for real-time and remote access video services, rising need for on-premises video conferencing, and growing trend of remote work and virtual meetings.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in video as a service market to 2030 by deployment model (private cloud, public cloud, and hybrid cloud), enterprise size (large enterprises and small & medium enterprises), application (corporate communications, training & development, and marketing & client engagement), end use industry (BFSI, IT & telecom, healthcare & life sciences, education, media & entertainment, government & public sector, retail & consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, corporate communication, training & development, and marketing & client engagement are the major segments of video as a service market by application. Lucintel forecasts that corporate communication is expected to witness highest growth over the forecast period due to its growing use to enable instant on-demand communication and uphold strong connections with stakeholders internally and externally.

Within this market, BFSI will remain the largest segment due to increasing demand for VaaS in this sector for live or recorded videos to issue statements regarding corporate directives and policies, investor relations, and external communication.

APAC is expected to witness highest growth over the forecast period due to rapid digitization, rising preference for remote communication and collaboration tools, and presence of key service providers in the region.

Microsoft, Zoom Video Communications, Cisco Systems, Adobe, Avaya, GoTo, RingCentral, Google, Amazon Web Services, and Plantronics are the major suppliers in the video as a service market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com