Saudi Arabia Video as a Service Market is expected to grow at a robust CAGR
Saudi Arabia Video as a
Service market is rising due to increased demand for remote communication and
collaboration tools driven by technological advancements and the need for
flexible work solutions during the forecast period.
According
to TechSci Research report, “Saudi Arabia Video as a
Service Market – By Region,
Competition, Forecast and Opportunities, 2018-2028”, the Saudi
Arabia Video as a Service (VaaS) market has experienced significant growth in
recent years, driven by a confluence of factors that underscore its rising
importance in the business landscape. With technological advancements and the
proliferation of high-speed internet connectivity, VaaS has become a pivotal
tool for remote communication and collaboration. The Kingdom's dynamic business
environment, coupled with the growing need for flexible work solutions, has
fueled the adoption of VaaS services by organizations of all sizes, from
startups to large enterprises. Furthermore, the COVID-19 pandemic accelerated
the shift toward remote work and highlighted the necessity of robust video
communication platforms, further boosting the demand for VaaS solutions. In
response to these trends, Saudi Arabia has witnessed increased investments in
VaaS infrastructure and services, and market players have been quick to
innovate and cater to the evolving demands of the business community. As the
VaaS market in Saudi Arabia continues to expand, it presents a promising
landscape for businesses seeking effective and efficient communication and
collaboration solutions in an increasingly digital age.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on the "Saudi Arabia Video as a Service Market."
Based on Cloud Deployment Mode, the
Saudi Arabia Video as a Service (VaaS) market was primarily dominated by the
"Public Cloud" deployment mode segment, and it is expected to
maintain its dominance during the forecast period. The adoption of VaaS
solutions in the public cloud has been on the rise due to several key factors.
Public cloud deployment offers businesses in Saudi Arabia a cost-effective and
scalable solution, as it eliminates the need for significant upfront
investments in infrastructure and maintenance. This approach provides the flexibility
to access VaaS services on a subscription basis, making it more accessible to a
wide range of organizations, from small and medium-sized enterprises (SMEs) to
large enterprises.
Moreover, the public cloud deployment model aligns
with the Kingdom's vision for digital transformation and the promotion of
cloud-based technologies, as outlined in Vision 2030. The government's support
for cloud adoption and the development of data centers has encouraged
businesses to leverage the public cloud for VaaS. It also facilitates the
integration of VaaS with other cloud-based services and applications,
contributing to its dominance in the Saudi market. Additionally, public cloud
providers typically invest heavily in security measures and compliance,
addressing the growing concerns related to data privacy and cybersecurity. As a
result, businesses have grown more confident in using public cloud-based VaaS
solutions. These factors combined have solidified the dominance of the public
cloud deployment model in the Saudi Arabian VaaS market, and it is expected to
continue leading the market during the forecast period as organizations seek
cost-efficient, scalable, and secure video communication and collaboration
solutions.
Based on end user, the
"BFSI" (Banking, Financial Services, and Insurance) sector emerged as
the dominant segment in the Saudi Arabia Video as a Service (VaaS) market, and
it is expected to maintain its dominance during the forecast period. Several
factors have contributed to the prominence of the BFSI industry in the VaaS
market landscape. The BFSI sector in Saudi Arabia has recognized the pivotal
role of VaaS solutions in transforming customer engagement, facilitating remote
banking services, and improving internal communication.
VaaS technologies have empowered financial
institutions to offer virtual consultations, customer support, and financial
advisory services, which have become increasingly essential due to the
limitations imposed by the COVID-19 pandemic. Moreover, the BFSI sector has
leveraged VaaS for internal communication, enabling teams to collaborate
effectively, hold virtual meetings, and access training and development
resources from anywhere.
The Saudi government's commitment to digitizing the
financial services industry, coupled with increasing customer demand for secure
and convenient remote banking experiences, has driven the BFSI sector's
investment in VaaS. As the financial industry continues to evolve and
prioritize digital transformation, the BFSI segment is expected to maintain its
dominance in the Saudi VaaS market, with sustained growth and innovation in the
use of VaaS for enhanced customer engagement and internal operations.
Key market players in the Saudi Arabia Video
as a Service Market are:-
- Saudi Telecom
Company (STC)
- Mobily (Etihad
Etisalat)
- Zain Saudi Arabia
- Integrated Telecom
Company (ITC)
- Saudi Broadcasting
Corporation (SBC)
- Arab Satellite
Communications Organization (Arabsat)
- Selevision
- Intigral
- Jawwy TV
- MBC Group
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“The Saudi Arabia Video as
a Service (VaaS) market is witnessing substantial growth and transformation as
organizations across various sectors increasingly recognize the value of video
communication and collaboration. Fueled by factors such as digital transformation
initiatives, the rise of remote work, and the need for efficient international
business interactions, VaaS solutions have become integral to the Saudi
business landscape. This market evolution aligns with the nation's Vision 2030
plan, which emphasizes technological progress and digitalization. As a result,
VaaS providers are continually innovating, enhancing security features, and
expanding their service offerings to meet the diverse needs of businesses in
the Kingdom. The Saudi VaaS market is poised for further expansion, with a
focus on flexibility, security, and efficient remote collaboration to support
the evolving work environments of today's dynamic business ecosystem.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Video as a Service Market Segmented By Application
(Corporate Communication, Training and Development, and Marketing and Client
Engagement) By Cloud Deployment Mode (Public, Private, Hybrid) By
Organizational Size (Small & Medium Enterprises and Large Enterprises) By
End-user Industry (BFSI, IT & Telecom, Healthcare, Education, Media and
Entertainment, Government, Consumer Retail, and Others), By Region, and By
Competition, 2018-2028,” has evaluated the future growth potential
of Saudi Arabia Video as a Service Market
and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Video as a Service Market.
Contact
Techsci Research
LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com