Video As A Service Market growing at a CAGR of 39.7% from 2021 to 2028
Video As A Service Industry Overview The global video as a service market size was valued at USD 2.13 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 39.7% from 2021 to 2028. Owing to the high growth potential, several new players are entering this market with solutions similar to the existing ones. Therefore, the existing companies are now focusing on developing new features and capabilities to enhance the functionality of their VaaS solutions. There is also a visible shift in the demand from on-premises Video Conferencing (VC) and collaboration solutions to cloud-based solutions owing to the high scalability, flexibility, and cost-effectiveness offered by the cloud architecture. The prominence of cloud-based solutions has bolstered the growth of the video as a service (VaaS) market. Gather more insights about the market drivers, restrains and growth of the Global Video As A Service Market Different video conferencing solution providers ha...