Video-as-a-Service Market Share

On the basis of geographical analysis, the global video-as-a-service (VaaS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness highest growth over the forecast period on the back of presence of major market players delivering VaaS services in developing countries, such as, China, India, Japan, and South Korea. Moreover, adoption of advanced technologies in the APAC region, along with rising work from home culture in highly populated countries, are anticipated to boost the regional market growth. 

The market in the North America region is anticipated to gain noteworthy market share throughout the forecast period on the back of increasing prevalence of remote working culture amongst the employees. For instance, over 70% of the employees in the United States were working from home by the end of 2020.