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Video-as-a-Service Market Trends

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Report ID: 3877
Published Date: Aug 22, 2024
Report Format: PDF, PPT

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Video-as-a-Service Market Trends

Growth Drivers

Increasing Demand for Video Conferencing Services
Growing Need for Video Surveillance

Challenges

High Cost of Video Content Creation
Growing Inter-Market Competition

Video-as-a-Service (VaaS) Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	15.4%
Base Year Market Size (2023)	USD 4.87 billion
Forecast Year Market Size (2036)	USD 31.35 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Video as a Service Market Size & Share, Growth Trends 2036

Author Credits: Abhishek Verma

Report ID: 3877
Published Date: Aug 22, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of Video as a Service is evaluated at USD 5.47 billion.

Video as a Service (VaaS) Market size was over USD 4.87 billion in 2023 and is expected to exceed USD 31.35 billion by 2036, growing at over 15.4% CAGR during the forecast period i.e., between 2024-2036. The increasing demand for video conferencing services to facilitate remote working, will boost the market growth.

Asia Pacific industry is anticipated to account for largest revenue share by 2036, attributed to presence of major market players delivering VaaS services in developing countries, such as, China, India, Japan, and South Korea.

The major players in the market are Adobe Inc., Blue Jeans Network Inc., Avaya Inc., Zoom Video Communications, Inc., LogMeIn, Inc., Plantronics, Inc., Amazon Web Services, Inc., Ring Central, Inc., and others.

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