Global Video Collaboration as a Service (VCaaS) Market (2019 Edition)

Date: 1 September 2019

According to a research report published by Azoth Analytics in August 2019, the Global Video collaboration as a Service (VCaaS) Market was valued at USD 4 billion in the year 2018. The market is expected to grow at a CAGR of 4.38% during 2019-2024, owing to increase in applications of video conferencing solutions among end users such as healthcare organizations, educational institutions, and public sectors. Video conferencing has gained huge popularity and adoption among enterprises as a form of business communication.

The Azoth Analytics research report titled “Global Video Collaboration as a Service (VCaaS) Market (2019 Edition): Opportunities and Forecast (2017-2024)” has analysed and segmented the Video collaboration as a Service (VCaaS) Market. The report has analysed the Video collaboration as a Service (VCaaS) Market by Technology Type (Cloud Conferencing, On Premise Conferencing) and by Usage Type (Meetings, Webinars, Trainings). The Global Video collaboration as a Service (VCaaS) Market has been analysed By Region (North America, Europe, Asia Pacific, LAMEA) and By Country (United States, Germany, China, India) for the historical period of 2017-2018 and the forecast period of 2019-2024.

The video conferencing solutions help organizations to achieve the desired goals by discussing the strategies and providing trainings over video conferences to enhance the business output. Introduction of web-based technology with fewer complications by the IT sector is further anticipated to propel the market significantly in near future. Further, surging investment towards innovative products, rising consumer demand, declining manufacturing cost, growing number of outlets and increasing research & development by leading service providers is also expected to augment the market growth.

Technological advancements, such as unified communication and cloud platforms like software as a service (SaaS), are also compelling organizations to deploy better conferencing solutions at affordable costs, which is anticipated to augment the market in subsequent years. 

North America is the largest market for video collaboration as a service. Boosting economic growth and escalating number of working women populations backed with rising demand of wireless accessories in the region of north America is anticipated to drive the market value. Asia Pacific region is expected to surge with the fastest growth rate during the forecast period. The region’s video conferencing as a service market is witnessing increased growth, driven by a focus on simplification, lower prices, improved features and user experience. Rising consumer use of video conferencing, software-centric and cloud-based services, and huddle rooms are also augmenting growth in APAC region.