The global Video as a Service 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, according to research report by MarketsandMarkets™

The Public cloud deployment mode of the software as a service market is projected to hold a larger market size during the forecast period. The public cloud deployment mode focuses on deploying workloads and data on the public cloud as it provides ease to software developing companies with no management overheads and associated costs. Cloud resources are owned by third-party cloud service providers. Due to cost flexibility and scalability, the adoption of public cloud is expected to surge in the coming five years.

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Market Key Players

Major vendors in the Video as a service Market

• Microsoft (US)
• Zoom (US)
• Cisco (US)
• Adobe (US)
• Avaya (US)
• Google (US)
• AWS (US)
• Poly (US)
• LogMeIn (US)
• RingCentral (US)

Microsoft is a leading vendor in the VaaS market. The company offers a large product portfolio, which includes OS, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Microsoft designs, manufactures, and sells devices, such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. The company also offers cloud-based services, support services, and consulting services to its customers. Additionally, Microsoft delivers relevant online advertising to a global audience.

Zoom Video Communications is a communication solutions provider, offering their cloud platform for video, phone, content sharing, and chat runs across mobile devices, desktops, telephones, and room systems. The company develops a people-centric cloud service that transforms the real-time collaboration experience and improves the quality and effectiveness of communications. Industries served by Zoom Video communications include education finance, government and healthcare. The company’s Meetings and Chat solutions provides HD video, audio, collaboration and chat capabilities, Rooms and Workspaces solution provides video solution for conference rooms, and Video Webinars solutions provide capabilities to conduct full-featured, easy-to-use, and engaging webinars.

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