Video as a Service Market To Achieve A High CAGR Of 8.7% During Forecast Period

1. Downloaded from: justpaste.it/758lm Video as a Service Market Predicted to grow USD 6.2 Billion By 2026, Trends and Forecast Report by MarketsandMarkets™ Video as a Service Market According to a research report "Video as a Service Market by Application (Corporate Communication, Training and Development, and Marketing and Client Engagement), Cloud Deployment Mode, Vertical (Healthcare and Life Sciences and BFSI), and Region - Global forecast to 2026", published by MarketsandMarkets, forecasts the global VaaS market size to grow from USD 3.8 billion in 2020 to USD 6.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The VaaS market is fuelled by the growing demand for real-time and remote video services and the rapid growth in the number of internet users around the world. Moreover, the trend of companies investing moe on adoption of cloud platforms and reduced total cost of ownership is driving the adoption of VaaS solutions. Browse 143 market data Tables and 52 Figures spread through 211 Pages and in-depth TOC on "Video as a Service Market by Application (Corporate Communication, Training and Development, and Marketing and Client Engagement), Cloud Deployment Mode, Vertical (Healthcare and Life Sciences and BFSI), and Region - Global forecast to 2026" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=79429774 By Applications, the Marketing and Client Engagement segment to have a higher growth during the forecast period The marketing and client engagement application of the video as a service market is expected to have a higher growth rate during the forecast period. With the help of video conferencing for marketing purposes, organizations can easily engage audiences, communicate with them more efficiently, and expand their reach. VaaS solutions help enhance customer engagement by enabling more communication with the clients, thus allowing them to have a better relationship with the enterprise. By Verticals, the BFSI segment to dominate the market during the forecast period VaaS solutions enable Banking, Financial Services and Insurance (BFSI) enterprises to transform branches into sales and service channels without employing additional onsite staff. These solutions facilitate enhanceed internal communication, knowledge sharing, and investor relations. Live or on-demand videos enable these enterprises to carry out announcements regarding executive messaging and policies, investor relations, external communication, and collaborations among their geographically dispersed teams. By region, Asia Pacific to record the highest growth during the forecast period The APAC video as a service market is estimated to have strong growth in the future. Government initiatives to promote the digital infrastructure are responsible for driving the

2. adoption of VaaS solutions in the region. Several technological service providers in this region are partnering with solution providers to enhance and provide customized offerings as per the business requirements of local clients. There is a huge untapped market for video as a service vendors in the developing countries of APAC. The major contributors to the APAC VaaS market are China, Japan, ANZ, and the rest of APAC. Key Market Players The report includes the study of key players offering VaaS solutions and services. It profiles major vendors in the global video as a service market. The major vendors in the VaaS market include Microsoft (US), Zoom Video Communications (US), Cisco (US), Adobe (US), Avaya (US), Google (US), AWS (US), Poly (US), LogMeIn (US), and RingCentral (US). These players have adopted various strategies to grow in the global VaaS market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model —GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062

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