Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Application (Corporate communications, Training and development, Marketing and client engagement), By Deployment Mode (Public cloud, Private cloud, Hybrid cloud), By Vertical (Banking, Financial services and Insurance, It and ITeS, Healthcare and life sciences, Education, Media and entertainment, Government and Public sector, Retail and consumer goods, Other verticals) And Competitive Landscape
Product Code: ETC4610131 | Publication Date: Jul 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Video as a Service Market |
Forecast period | 2024-2030 |
CAGR | 7.2% |
Growing Sector | IT and IT-enabled Services |
Europe Video As A Service Market report thoroughly covers the market by countries, by application, by deployment mode, and by vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Video as a Service (VaaS) market is experiencing robust growth driven by increasing demand for real-time and remote video collaboration and surveillance solutions across various sectors. With the pervasive adoption of cloud technologies and the escalating need for scalable video conferencing systems due to the rise of remote work culture, VaaS is rapidly becoming a crucial component of business operations in Europe.
According to 6Wresearch, the Europe Video As A Service Market size is anticipated to reach at a CAGR of 7.2% during the forecast period 2024-2030. Several factors contribute to the expansion of the VaaS market in Europe. The surge in remote working arrangements has necessitated reliable, high-quality video communication services. Furthermore, the BFSI, healthcare, and education sectors are increasingly relying on video services for customer engagement, telehealth services, and online learning, respectively. Government initiatives towards digital transformation and the growing demand for efficient security and surveillance systems also significantly drive the market. The Europe Video As A Service industry is characterized by several emerging trends that are shaping its future landscape. The integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies with VaaS solutions is enhancing capabilities in video analytics, personalization, and automated content management. The adoption of 5G technology is anticipated to further boost market growth by enabling higher video quality and lower latency. Additionally, the increasing focus on sustainable practices is encouraging the development of energy-efficient video services.
European governments are implementing a range of initiatives aimed at enhancing the digital infrastructure and services within the continent, indirectly propelling the VaaS market. These include investments in broadband internet expansion to ensure high-speed connectivity across urban and rural areas, as well as grants and subsidies for startups in the digital communication sector.
The Europe VaaS market is home to a diverse mix of companies, ranging from established multinational telecommunications firms to emerging tech startups. Major players include:
These companies continuously innovate in response to evolving market demands and regulatory requirements, ensuring their offerings remain competitive and effective.
The Europe Video As A Service Market growth is likely to boost in the future, driven by continuous technological advancements and the further expansion of digital infrastructures. The integration of AI and ML will advance not only the quality and efficiency of VaaS offerings but will also open new avenues for customized and immersive video experiences. Furthermore, as 5G technology becomes more widespread, it will substantially reduce latency and increase video resolution, greatly enhancing remote communication possibilities.
According to Shivankar, Research Manager, 6Wresearch, Germany is gaining traction due to its robust industrial sector and pioneering adoption of cutting-edge technologies. The country's emphasis on innovation, supported by a strong infrastructure, has positioned it as an attractive hub for VaaS providers.
Based on the vertical, the IT and IT-enabled Services (ITeS) sector takes the lead and dominates the Europe Video As A Service Market revenue, influenced by its inherent need for robust, reliable communication tools to support remote teams, client meetings, and internal collaboration across different geographical locations. The IT and ITeS vertical not only utilizes VaaS solutions for operational efficiency but also drives innovation within the VaaS market itself by developing and testing new features and functionalities.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Video as a Service Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Video as a Service Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Video as a Service Market - Industry Life Cycle |
3.4 Europe Video as a Service Market - Porter's Five Forces |
3.5 Europe Video as a Service Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Video as a Service Market Revenues & Volume Share, By Application , 2020 & 2030F |
3.7 Europe Video as a Service Market Revenues & Volume Share, By Deployment Mode, 2020 & 2030F |
3.8 Europe Video as a Service Market Revenues & Volume Share, By Vertical, 2020 & 2030F |
4 Europe Video as a Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Video as a Service Market Trends |
6 Europe Video as a Service Market, 2020 - 2030 |
6.1 Europe Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
6.2 Europe Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
6.3 Europe Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
7 Germany Video as a Service Market, 2020 - 2030 |
7.1 Germany Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
7.2 Germany Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
7.3 Germany Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
8 United Kingdom Video as a Service Market, 2020 - 2030 |
8.1 United Kingdom Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
8.2 United Kingdom Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
8.3 United Kingdom Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
9 France Video as a Service Market, 2020 - 2030 |
9.1 France Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
9.2 France Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
9.3 France Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
10 Italy Video as a Service Market, 2020 - 2030 |
10.1 Italy Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
10.2 Italy Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
10.3 Italy Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
11 Russia Video as a Service Market, 2020 - 2030 |
11.1 Russia Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
11.2 Russia Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
11.3 Russia Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
12 Spain Video as a Service Market, 2020 - 2030 |
12.1 Spain Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
12.2 Spain Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
12.3 Spain Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
13 Rest of Europe Video as a Service Market, 2020 - 2030 |
13.1 Rest of Europe Video as a Service Market, Revenues & Volume, By Application , 2020 - 2030 |
13.2 Rest of Europe Video as a Service Market, Revenues & Volume, By Deployment Mode, 2020 - 2030 |
13.3 Rest of Europe Video as a Service Market, Revenues & Volume, By Vertical, 2020 - 2030 |
14 Europe Video as a Service Market Key Performance Indicators |
15 Europe Video as a Service Market - Opportunity Assessment |
15.1 Europe Video as a Service Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Video as a Service Market Opportunity Assessment, By Application , 2020 & 2030F |
15.3 Europe Video as a Service Market Opportunity Assessment, By Deployment Mode, 2020 & 2030F |
15.4 Europe Video as a Service Market Opportunity Assessment, By Vertical, 2020 & 2030F |
16 Europe Video as a Service Market - Competitive Landscape |
16.1 Europe Video as a Service Market Revenue Share, By Companies, 2023 |
16.2 Europe Video as a Service Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |