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Video as a Service Market Worth 1,587.4 Million USD by 2021PUNE, India, June 16, 2016 /PRNewswire/ -- According to a new market research report "Video-as-a-Service Market by Platform (Application management, Devices Management, Network Management), by Services (Broadcasting Video Communication, Video Conferencing, Video Content Management, Real-Time Video Monitoring) - Global Forecast to 2021", published by MarketsandMarkets, The global VaaS Market to grow from USD 390.3 Million in 2016 to USD 1,587.4 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.4% during the forecast period of 2016 to 2021. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 88 market data Tables with 51 Figures spread through 150 Pages and in-depth TOC on "Video-as-a-Service Market" http://www.marketsandmarkets.com/Market-Reports/video-as-a-service-market-79429774.html The VaaS market is growing rapidly because of the transformation from traditional Business Intelligence (BI) techniques to advanced analytics techniques and massive surge of structured and unstructured data. "Professional services in services segment is expected to have the highest growth rate" The VaaS market is segmented into two major services, managed services and professional services. Managed services, which are more consumer-oriented, include services such as broadcasting video communication, video conferencing, video content management, and real-time video monitoring while professional services include consulting, system integration, and support & maintenance services. The video professional services in the services segment is expected to have the highest growth rate in the overall VaaS market as videos are increasingly becoming important tools of communication and productivity and organizations must find a way to manage the large amount of video data being stored and shared across their networks. "Broadcasting video communication to have the largest market size" The market by service has been segmented into managed services and professional services. Managed services include broadcasting video communication, video conferencing, video content management and real-time video monitoring. Professiona services include consulting, system integration and support and maintenance. Broadcasting video communication services in the managed services segment is expected to have the largest market size in the overall VaaS service market for the forecast period as the broadcasting video communication services assist organizations in the distribution of video content to all the dispersed audience via any electronic mass communication. "North America to be the highest revenue generating region" The report has been segmented by region into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The North America region is expected to be the highest revenue generating region for VaaS vendors for the next five years, followed by Europe, while APAC is expected to be the fastest-growing region in the market during the forecast period. The market in developing regions such as APAC and MEA is expected to rise considerably due to the massive technological changes in these regions and increase in the overall IT expenditure and investment. Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=79429774 The Video as a Service Market involves a large number of vendors providing tailor-made services such as Cisco Systems (U.S.), Interoute Communication Limited (U.K.), Polycom, Inc. (U.S.), Adobe Systems (U.S.), Huawei Technologies (China), Avaya, Inc. (U.S.), Vidyo (U.S.), BlueJeans Network (U.S.), Applied Global Technologies (U.S.), and AVI-SPL (U.S.). Browse Related Reports About MarketsandMarkets MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. 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