Saudi Arabia Video as a Service Market to Grow at Over 9% in Coming Years
Published | 31 August 2022
Saudi Arabia Video as a Service Market is flourishing owing to the growing enterprise acceptance of 3D video conferencing to provide enterprise-class functionality while maintaining legacy connectivity.
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia Video as a Service Market is forecast to grow at a CAGR of more than 9% through 2028. The Saudi government's growing efforts to support digital customer experiences and suit consumer expectations by implementing cloud video as service platforms are anticipated to fuel market expansion. In the upcoming years, it is also anticipated that the rise of the "bring your device to work" trend and remote working would help the Saudi Arabian video as a service business expand. Furthermore, Saudi Arabia Video as a Service Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. The Saudi Arabian market for video as a service, however, may experience slower growth in the next years due to poor video streaming quality and disruptions during video conferences.
Utilizing Cutting-Edge Technology like AI and Machine Learning
To maintain a competitive edge and meet changing customer needs, major industry competitors are constantly improving their product offerings. As a result, they are integrating video-as-a-service with cutting-edge technologies like AI, deep learning, and machine learning (VaaS). Players in the video-as-a-service (VaaS) market are also launching cutting-edge AI-based VaaS to offer an autonomous approach to monitoring and improving the delivery of video content in real-time. Furthermore, VaaS can dramatically improve accuracy while reducing false alarms because of the employment of these cutting-edge technologies. Therefore, it is projected that these variables are expected to present the industry with new opportunities in the years to come.
Sample Report @ https://www.blueweaveconsulting.com/report/saudi-arabia-video-as-a-service-market/report-sample
Reduced Total Ownership Costs
Platforms for business cloud services require more effort to set up and have a higher TCO. To administer their cloud infrastructure on their servers, firms had to appoint infrastructure teams in the past. Utilizing managed service providers for infrastructure management, VaaS helps businesses to cut back on infrastructure investments (MSPs). On their servers, cloud service providers host their service platforms. Companies use their platforms to upload their data, and they only pay for the resources used while using video conferencing services. By leveraging shared video as a service architecture, businesses may reduce their Total Cost of Ownership (TCO) and save money on infrastructure, licensing, and support.
Challenge: Internet Speed Issues can Lower Service Quality
Employee productivity is substantially hampered by a lack of effective communication tools. Low-quality or noisy video can lead to miscommunications or make workers spend extra time watching it. Effective communication among employees can be severely hampered by poor video streaming quality and disruptions during video conferences, especially in the COVID-19 scenario. The poor video quality and other disruptions that occur during video conferences annoy a lot of people. When participating in video meetings while working from home, 98 percent of employees reported feeling frustrated by distractions, according to research. Background noise—either from other participants' conversations or their side of the room—was cited as a source of two of the top five grievances.
Segmental Coverage
Saudi Arabia Video as a Service Market – By Cloud Deployment Mode
Based on cloud deployment mode, the Saudi Arabia Video as a Service Market is segmented into Public, Private, and Hybrid. Among these, the hybrid segment holds the largest market share. Cloud-based video production tools enable to store, manage, edit, render, and create on-demand and live video content. The capacity to control, access, and manage distant AV equipment is another benefit of cloud-based production. All these factors boost the growth of the Saudi Arabia Video as a Service Market during the forecast period (2022-2028).
Impact of COVID-19 on Saudi Arabia Video as a Service Market
Numerous governments have put in place rigorous lockdowns, closures, and mobility restrictions in response to the COVID-19 outbreak to stop the virus from spreading. The use of video conferencing for collaboration and communication has increased by more than 100%, which has had a positive impact on the market for video as a service. The pandemic has also adversely affected worker productivity and business effectiveness nationwide. As a result, the pandemic has drastically increased the adoption of VaaS solutions and services, which has positively impacted market growth. It is anticipated that more VaaS solutions would be used for marketing, customer interaction, training, and cooperation in post-pandemic environments.
Competitive Landscape
The leading market players in the Saudi Arabia Video as a Service Market are Adobe Inc, Cisco Saudi Arabia Limited, Apple Inc, NTT DATA Saudi Arabia, Microsoft Gulf FZ LLC, Zoom Video Communications, Google Inc, and other prominent players. The Saudi Arabia Video as a Service Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia Video as a Service Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Video as a Service Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662