Global Video as a service market
The global video-as-a-service market was valued at USD 400.1 million in 2016 and is projected to reach USD 5245.31 million by 2025, growing at a CAGR of 33.1% from 2017 to 2025.
Video as a Service is a fully managed visual communication solution that provides features including call production, endpoint management, multi-point high definition bridging, white-glove concierge services, recording and archiving. Video as a Service is a good alternative for businesses that may not have the infrastructure, expertise, budget or desire to support corporate video conferencing services.
1. Market Drivers
1.1 Low cost of ownership
1.2 Growing demand for cloud-based video services
1.3 Growing trend of BYOD
2. Market Restraints
2.1 Security and privacy concern of video content
2.2 High cost of video creation and validity
The global video-as-a-service market is segmented on the basis of service, device, platform, vertical, organization size, and region.
1. By Service:
1.1 Real-Time Video Monitoring
1.2 Video Conferencing
1.3 Managed Service
1.4 Video Content Management
1.5 Professional Services
1.6 Broadcasting Video Communication
1.7 Support and Maintenance
2. By Device
2.1 Mobile Devices
2.2 Enterprise Computing
3. By Platform
3.1 Network Management
3.2 Application Management
3.3 Device Management
4. By Vertical:
4.1 Healthcare and Life Sciences
4.2 Government and Public Sector
4.3 Media and Entertainment
4.4 Banking, Financial Services, and Insurance
4.5 Retail and Consumer Goods
4.6 Transportation and Distribution
5. By Organization Size:
5.1 Large Companies
5.2 Mid-sized Companies
5.3 Small Companies
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Rest of the World
The major players in the market are as follows:
1. Huawei Technologies Co., Ltd
2. Cisco Systems, Inc.
3. Adobe Systems
4. Avaya, Inc.
5. Interoute Communication Limited
6. AVI-SPL, Inc.
7. Bluejeans Network
9. Applied Global Technologies, LLC
10. Polycom, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the video as a service market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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