Europe Video as a Service Market Forecast to 2030
Europe 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
Increasing Adoption of Remote Working Model Drives Europe Video as a Service Market
Remote work is becoming the new normal for many organizations and has become a phenomenon in the recent years, especially after the coronavirus pandemic. Remote work is continuously perceived as positive, with almost 65% of full-time employees ready to work remotely, according to Gallup, Inc. report of June 2022. To 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.
Europe Video as a Service Market Overview
Germany, France, the UK, and Italy are among the major countries contributing to the growth of the Europe video as a service market. The cloud-based video as a service is in high demand in the region, as the cloud-based system is easier to use and can be accessed 24/7 from anywhere. Moreover, the total cost of cloud-based video as a service is lower than the on-premise video solutions. The cost-benefit of cloud-based solutions makes it popular among small and medium enterprises, which is would boost the market growth in Europe during the forecast period. Moreover, increasing funding and significant initiatives taken by the government toward the development of advanced technologies would create opportunities for the video as a service market in Europe in the coming years. In August 2023, the European Commission announced its plan to invest US$ 189.4 million in cutting-edge digital technologies and research. The region also established a Horizon Europe Program to boost collaborative research in artificial intelligence, robotics, and new materials. The evolution of AI-based video as a service solution supports SMEs and large enterprises to enhance efficiency and customer experience. AI is used to analyze data and predict trends and customers’ buying patterns that help enterprises to make better decisions. AI-based video as a service solution offers features such as auto-caption, real-time language translation, and content recommendations that support enterprises to improve overall customer’s experience. These features also make video content widely accessible and engaging to diverse audiences at the global level. In Europe, end users of video as a service are specific about vendor selection. A few of the key factors considered by end users before selecting suitable video as a service are brand name, customization level the vendor offers, training services, technical support, and after-sale services. Therefore, any vendor entering the Europe video as a service market needs to strengthen and streamline their business on these parameters to gain profits.
Europe Video as a Service Market Revenue and Forecast to 2030 (US$ Million)
Europe Video as a Service Market Segmentation
The Europe video as a service market is segmented based on deployment mode, industry vertical, and country. Based on deployment mode, the Europe 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 Europe 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 Europe video as a service market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe 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, Dekom AG, and BlueJeans are some of the leading companies operating in the Europe video as a service market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the Research Team’ research, the Europe video as a service market was valued at US$ 1,141.44 million in 2022 and is expected to reach US$ 4,529.47 million by 2030, registering a CAGR of 18.8% from 2022 to 2030. Technological advancements to revolutionize video as a service market and growing video marketing and selling trends are among the critical factor attributed to the Europe video as a service market expansion.
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.
On the contrary, growing data privacy and security concerns hurdles the growth of Europe video as a service market.
Based on deployment mode, the Europe video as a service market is categorized into public cloud, private cloud, and hybrid cloud. The public cloud segment held 63.7% market share in 2022, amassing US$ 727.15 million. It is projected to garner US$ 2,847.73 million by 2030 to expand at 18.6% CAGR during 2022-2030.
In terms of industry vertical, the Europe 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 22.0% share of Europe video as a service market in 2022, amassing US$ 251.05 million. It is projected to garner US$ 1,043.31 million by 2030 to expand at 19.5% CAGR during 2022-2030.
Based on country, the Europe video as a service market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.9% share of Europe video as a service market in 2022. It was assessed at US$ 307.50 million in 2022 and is likely to hit US$ 1,325.21 million by 2030, exhibiting a CAGR of 20.0% during 2022-2030.
Key players operating in the Europe 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, Dekom AG, and BlueJeans, among others.
In April 2023, Microsoft Corp. and Epic that announced they are expanding their long-standing strategic collaboration to develop and integrate generative AI into healthcare by combining the scale and power of Azure OpenAI Service1 with Epic’s industry-leading electronic health record (EHR) software. The collaboration expanded the long-standing partnership, which includes enabling organizations to run Epic environments on the Microsoft Azure cloud platform.
In July 2020, an Amazon.com company announced the general availability of Amazon Interactive Video Service (Amazon IVS), a new fully managed service that makes it easy to set up live, interactive video streams for a web or mobile application in just a few minutes.
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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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. Europe 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. Europe 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 – Europe 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. Europe 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. Europe 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. Europe Video as a Service Market – Country Analysis
9.1 Europe
9.1.1 Europe Video as a Service Market Overview
9.1.2 Europe Video as a Service Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Germany Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 Germany Video as a Service Market Breakdown by Deployment Mode
9.1.2.1.2 Germany Video as a Service Market Breakdown by Industry Vertical
9.1.2.2 France Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 France Video as a Service Market Breakdown by Deployment Mode
9.1.2.2.2 France Video as a Service Market Breakdown by Industry Vertical
9.1.2.3 Italy Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Italy Video as a Service Market Breakdown by Deployment Mode
9.1.2.3.2 Italy Video as a Service Market Breakdown by Industry Vertical
9.1.2.4 UK Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 UK Video as a Service Market Breakdown by Deployment Mode
9.1.2.4.2 UK Video as a Service Market Breakdown by Industry Vertical
9.1.2.5 Russia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Russia Video as a Service Market Breakdown by Deployment Mode
9.1.2.5.2 Russia Video as a Service Market Breakdown by Industry Vertical
9.1.2.6 Rest of Europe Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Rest of Europe Video as a Service Market Breakdown by Deployment Mode
9.1.2.6.2 Rest of Europe 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 Dekom AG
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
12.10 BlueJeans
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 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. Europe Video as a Service Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. Germany Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 7. Germany Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 8. France Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 9. France Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 10. Italy Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 11. Italy Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 12. UK Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 13. UK Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 14. Russia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 15. Russia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry Vertical
Table 16. Rest of Europe Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment Mode
Table 17. Rest of Europe 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. Europe Video as a Service Market Revenue, By Key Country, (2022) (US$ Million)
Figure 21. Video as a service market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. Germany Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. France Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Italy Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. UK Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Russia Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Rest of Europe Video as a Service Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe 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. Dekom AG
10. BlueJeans
You must be logged in to post a review.
Reviews
There are no reviews yet.