Asia Pacific Video as a Service Market Forecast to 2030
Asia Pacific Video as a Service Market Forecast to 2030 – Regional Analysis – by Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud) and Industry Vertical (IT & Telecom, Healthcare & Life Sciences, Retail & E-Commerce, BFSI, Education, Media & Entertainment, Government & Public Sector, and Others)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Technological Advancements to Revolutionize Video as a Service Market Boost Asia Pacific Video as a Service Market
Technological giants across the world are highly engaged in developing and integrating new innovative technologies such as artificial intelligence and augmented reality, which fuels the adoption of advanced technologies in various industries such as healthcare, BFSI, IT & telecom, government, education, manufacturing, and other industries. AI technology is positioned at the core of the next-generation software technologies in the video as a service market. It predicts and delivers the information, enabling an efficient, fast, and personalized experience with customers and boosting employers’ profitability. AI also helps users customize videos, live video conferencing anytime and anywhere, record video for future usage, and detect specified events for users. AI-based video as a service supports employers in their marketing activities by targeting the right customers at the right time. SpotCam Co., Ltd.; vCloud.ai; Comcast Cable Communications Management, LLC; and other developers focus on developing and implementing AI technology with cloud-based videos to streamline interactions between customers and service providers. The AI-based video as a service allows providers to serve customers at their convenience, thereby increasing customer satisfaction. In January 2022, Comcast Cable Communications Management, LLC launched a VideoAI service for content providers, operators, and advertisers. The VideoAI is a software-as-a-service (SaaS) that helps companies understand and analyze video (live and on-demand), audio, and closed captions for creating actionable metadata around content assets. VideoAI can also generate and manage new content, streamlining business operations and improving advertising efficiency. Thus, the integration of AI to revolutionize the dealer management business is likely to fuel the video as a service market growth in the coming years. Advancements in technology, coupled with the popularity of augmented reality and virtual reality, fuel the demand for video as a service among consumers. Thus, the advent of new innovative technologies is expected to create numerous opportunities for vendors to provide efficient and advanced video as a service to users in the coming years.
Asia Pacific Video as a Service Market Overview
The APAC video as a service market is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. APAC is anticipated to record the highest CAGR in the global video as a service market during the forecast period. The market growth in APAC is attributed to the growing need to manage business operations effectively. Enterprises operating across industry verticals, including IT & telecom, healthcare, BFSI, education, retail, e-commerce, and others, prefer video as a service that is cost-effective and easy to integrate, manage, and operate from anywhere. Furthermore, shifting consumer preferences for remote and hybrid working models would create opportunities for the video as a service market during the forecast period. According to FlexOS survey of October 2023, 40% of employees in the region prefer remote work; among this, 40% of millennial populations and 18% of baby boomers are highly preferring the remote work model, which increases the demand and adoption of video as a service solution among employees. Video as a service helps teams work effectively by providing a cloud-based application for virtual discussion, presentation, and troubleshooting that leads to better decision making. The rising adoption of new technologies such as augmented reality, AI, and virtual reality in China, Japan, India, Australia, South Korea, and other APAC countries drives the video as a service market in the region. AI-based video as a software offers integration with other collaboration tools, which enhances the overall efficiency of businesses. Moreover, the growth of public cloud services bolsters the market growth in the region. According to IDC Asia Pacific, the public cloud market is expected to reach US$ 153.6 billion by 2026, with a growth rate of 25.9% in 2022. Public cloud is highly demanded by organizations to streamline business operations and processes by transforming their applications into scalable modules. Thus, the benefits of using a video as a service in various industries drive the Asia Pacific video as a service market.
Asia Pacific Video as a Service Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Video as a Service Market Segmentation
The Asia Pacific video as a service market is segmented based on deployment mode, industry vertical, and country. Based on deployment mode, the Asia Pacific video as a service market is categorized into public cloud, private cloud, and hybrid cloud. The public cloud segment held the largest market share in 2022.
In terms of industry vertical, the Asia Pacific video as a service market is categorized into IT & telecom, healthcare & life sciences, retail & e-commerce, BFSI, education, media & entertainment, government & public sector, and others. The IT & telecom segment held the largest market share in 2022.
Based on country, the Asia Pacific video as a service market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific video as a service market share in 2022.
Cisco Systems Inc, Zoom Video Communications Inc, Microsoft Corp, Amazon Web Services Inc, Avaya Holdings Corp, Google LLC, Adobe Inc, RingCentral Inc, and BlueJeans are some of the leading companies operating in the Asia Pacific video as a service market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Asia Pacific video as a service market was valued at US$ 920.80 million in 2022 and is expected to reach US$ 3,986.75 million by 2030, registering a CAGR of 20.1% from 2022 to 2030. Increasing adoption of remote working model and growing video marketing and selling trends are among the critical factor attributed to the Asia Pacific video as a service market expansion.
Remote work is becoming the new normal for many organizations and has become a phenomenon in the recent years, especially after the coronavirus pandemic. xTo maintain flexibility in working conditions, organizations implement a remote working model. Adoption of the remote working model increases the demand for cloud-based video communication services among consumers. These services provide an interactive engagement between superiors and subordinates to schedule meetings, conferences, and webinars to achieve business goals and effectively increase operational productivity. Adobe Inc, Deutsche Bank, Google LLC., LinkedIn, Microsoft Corp, SAP SE, Verizon Communications Inc, and numerous companies have already adopted remote working model in their business, which increases the demand for cloud-based video solutions to maintain employee engagement. Video as a service allows organizations to deploy collaboration tools for enhancing their business communication and customer experience by minimizing additional travel costs, which drives the video as a service market. Remote working helps employees to reduce their traveling and maintain a work-life balance. A study conducted by the National Bureau of Economic Research in January 2023 represented that, remote working saved an average of 72 minutes spent by employees on their daily travel to and from their on-site jobs during 2021-2022. Employees prefer a video as a service to conduct work-related meetings at home. Thus, the increasing adoption of remote working models fuels the video as a service market growth.
On the contrary, growing data privacy and security concerns hurdles the growth of Asia Pacific video as a service market.
Based on deployment mode, the Asia Pacific video as a service market is categorized into public cloud, private cloud, and hybrid cloud. The public cloud segment held 66.9% market share in 2022, amassing US$ 616.21 million. It is projected to garner US$ 2,650.29 million by 2030 to expand at 20.0% CAGR during 2022-2030.
In terms of industry vertical, the Asia Pacific video as a service market is segmented into IT & telecom, healthcare & life sciences, retail & e-commerce, BFSI, education, media & entertainment, government & public sector, and others. The IT & telecom segment held 24.8% share of Asia Pacific video as a service market in 2022, amassing US$ 228.49 million. It is projected to garner US$ 995.85 million by 2030 to expand at 20.2% CAGR during 2022-2030.
Based on country, the Asia Pacific video as a service market has been categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 30.3% share of Asia Pacific video as a service market in 2022. It was assessed at US$ 278.64 million in 2022 and is likely to hit US$ 1,275.63 million by 2030, exhibiting a CAGR of 20.9% during 2022-2030.
Key players operating in the Asia Pacific video as a service market are Cisco Systems Inc, Zoom Video Communications Inc, Microsoft Corp, Amazon Web Services Inc, Avaya Holdings Corp, Google LLC, Adobe Inc, RingCentral Inc, and BlueJeans, among others.
In October 2019, Avaya Holdings Corp. announced a strategic partnership with RingCentral, Inc., a leading provider of global enterprise cloud communications, collaboration and contact center solutions. Through this exclusive partnership, Avaya introduced Avaya Cloud Office by RingCentral (“Avaya Cloud Office” or “ACO”), a new global unified communications as a service (UCaaS) solution.
In April 2023, Adobe announced industry-first innovations across its family of video applications, including AI-powered text-based video editing and automated color tone-mapping capabilities in Premiere Pro. In addition, significant GPU acceleration and dozens of workflow enhancements make this the fastest version of Premiere Pro ever released. Adobe is also celebrating 30 years of After Effects, the world’s most popular motion design software for video professionals, adding a context-sensitive Properties Panel for enhanced user productivity, consistent color support as well as performance optimizations.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific video as a service market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific video as a service market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Video as a Service Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain:
5. Asia Pacific Video as a Service Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Demand for Video-Based Communications Among Consumers
5.1.2 Increasing Adoption of Remote Working Model
5.1.3 Rising Use of Video Conferencing Services in Healthcare Industry
5.2 Market Restraints
5.2.1 Growing Data Privacy and Security Concerns
5.3 Market Opportunities
5.3.1 Technological Advancements to Revolutionize Video as a Service Market
5.4 Future Trends
5.4.1 Growing Video Marketing and Selling Trends
5.5 Impact of Drivers and Restraints:
6. Video as a Service Market – Asia Pacific Market Analysis
6.1 Video as a Service Market Revenue (US$ Million), 2022 – 2030
6.2 Video as a Service Market Forecast and Analysis
7. Asia Pacific Video as a Service Market Analysis – Deployment Mode
7.1 Public Cloud
7.1.1 Overview
7.1.2 Public Cloud Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Private Cloud
7.2.1 Overview
7.2.2 Private Cloud Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Hybrid Cloud
7.3.1 Overview
7.3.2 Hybrid Cloud Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific Video as a Service Market Analysis – Industry Vertical
8.1 IT & Telecom
8.1.1 Overview
8.1.2 IT & Telecom Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Healthcare & Life Sciences
8.2.1 Overview
8.2.2 Healthcare & Life Sciences Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Retail & E-Commerce
8.3.1 Overview
8.3.2 Retail & E-Commerce Market Revenue and Forecasts to 2030 (US$ Million)
8.4 BFSI
8.4.1 Overview
8.4.2 BFSI Market Revenue and Forecasts to 2030 (US$ Million)
8.5 Education
8.5.1 Overview
8.5.2 Education Market Revenue and Forecasts to 2030 (US$ Million)
8.6 Media & Entertainment
8.6.1 Overview
8.6.2 Media & Entertainment Market Revenue and Forecasts to 2030 (US$ Million)
8.7 Government & Public Sector
8.7.1 Overview
8.7.2 Government & Public Sector Market Revenue and Forecasts to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. Asia Pacific Video as a Service Market – Country Analysis
9.1 Asia Pacific Video as a Service Market
9.1.1 Overview
9.1.2 Video as a service market Breakdown by Countries
9.1.2.1 Australia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 Australia Video as a Service Market Breakdown by Deployment Mode
9.1.2.1.2 Australia Video as a Service Market Breakdown by Industry Vertical
9.1.2.2 China Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 China Video as a Service Market Breakdown by Deployment Mode
9.1.2.2.2 China Video as a Service Market Breakdown by Industry Vertical
9.1.2.4 Japan Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Japan Video as a Service Market Breakdown by Deployment Mode
9.1.2.4.2 Japan Video as a Service Market Breakdown by Industry Vertical
9.1.2.5 India Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 India Video as a Service Market Breakdown by Deployment Mode
9.1.2.5.2 India Video as a Service Market Breakdown by Industry Vertical
9.1.2.6 South Korea Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 South Korea Video as a Service Market Breakdown by Deployment Mode
9.1.2.6.2 South Korea Video as a Service Market Breakdown by Industry Vertical
9.1.2.7 Rest of Asia Pacific Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.7.1 Rest of Asia Pacific Video as a Service Market Breakdown by Deployment Mode
9.1.2.7.2 Rest of Asia Pacific Video as a Service Market Breakdown by Industry Vertical
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profile
12.1 Cisco Systems Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Zoom Video Communications Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Microsoft Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Amazon Web Services Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Avaya Holdings Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Google LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Adobe Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 RingCentral Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BlueJeans
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1. Video as a Service Market Segmentation
Table 2. Video as a Service Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Video as a Service Market Revenue and Forecasts to 2030 (US$ Million) – Deployment Mode
Table 4. Video as a Service Market Revenue and Forecasts to 2030 (US$ Million) – Industry Vertical
Table 5. Asia Pacific Video as a Service Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. Australia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 7. Australia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 8. China Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 9. China Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 10. Japan Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 11. Japan Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 12. India Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 13. India Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 14. South Korea Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 15. South Korea Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 16. Rest of Asia Pacific Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 17. Rest of Asia Pacific Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 18. Heat Map Analysis By Key Players
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. Video as a Service Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Video as a Service Market
Figure 4. Video as a Service Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Video as a Service Market Revenue (US$ Million), 2022 & 2030
Figure 7. Video as a Service Market Share (%) – Deployment Mode, 2022 and 2030
Figure 8. Public Cloud Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Private Cloud Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Hybrid Cloud Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Video as a Service Market Share (%) – Industry Vertical, 2022 and 2030
Figure 12. IT & Telecom Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Healthcare & Life Sciences Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Retail & E-Commerce Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. BFSI Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Education Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Media & Entertainment Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Government & Public Sector Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Asia Pacific Video as a Service Market Revenue, By Key Country, (2022) (US$ Million)
Figure 21. Asia Pacific Video as a Service Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 22. Australia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. China Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Japan Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. India Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. South Korea Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Rest of Asia Pacific Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Asia Pacific Video as a Service Market
1. Cisco Systems Inc
2. Zoom Video Communications Inc
3. Microsoft Corp
4. Amazon Web Services Inc
5. Avaya Holdings Corp
6. Google LLC
7. Adobe Inc
8. RingCentral Inc
9. BlueJeans
You must be logged in to post a review.
Reviews
There are no reviews yet.