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Video As A Service Market size is set to grow by USD 5.33 billion from 2024-2028, Increased adoption of VaaS in virtual education boost the market, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global video as a service market size is estimated to grow by USD 5.33 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.34% during the forecast period. Increased adoption of VaaS in virtual education is driving market growth, with a trend towards emergence of immersive technologies in VaaS. However, concerns associated with security and privacy of vaas platforms  poses a challenge. Key market players include Acronis International GmbH, Advanced Control Corp., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Cloudastructure Inc., Commvault Systems Inc., Dell Technologies Inc., Honeywell International Inc., Insight Enterprises Inc., International Business Machines Corp., Microsoft Corp., NetApp Inc., Quantum Corp., RiversideFM Inc., Robert Bosch GmbH, Signature Video Group, Thinkmojo, Vidico, and YUM YUM DIGITAL.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Video As A Service Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.34%

Market growth 2024-2028

USD 5.33 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.94

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, China, Japan, UK, and Germany

Key companies profiled

Acronis International GmbH, Advanced Control Corp., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Cloudastructure Inc., Commvault Systems Inc., Dell Technologies Inc., Honeywell International Inc., Insight Enterprises Inc., International Business Machines Corp., Microsoft Corp., NetApp Inc., Quantum Corp., RiversideFM Inc., Robert Bosch GmbH, Signature Video Group, Thinkmojo, Vidico, and YUM YUM DIGITAL

Market Driver

Immersive technologies, including AR and VR, are revolutionizing the Video as a Service (VaaS) market by enhancing collaboration and communication experiences. VR-based VaaS solutions enable participants to conduct meetings and collaborations in virtual spaces, where they can create avatars, navigate virtual environments, and interact with content in a more dynamic way than traditional video conferencing. Spatial audio and AR overlays further enrich these experiences, creating a more natural and realistic communication environment. VR is particularly valuable in industries requiring hands-on training and simulations, such as healthcare, manufacturing, and education. Immersive VaaS platforms also support virtual conferences and events, allowing users to network and engage in interactive activities. VR-based training sessions and simulations offer a more immersive learning experience. Cross-platform immersion is another key advantage, as users can access AR and VR interactions across various devices, including smartphones, tablets, VR headsets, and AR glasses. The integration of immersive technologies into VaaS is expected to significantly contribute to the growth of the global Video as a Service market. 

Video-as-a-Service (VaaS) is a trending business solution that delivers on-demand videos and real-time video services. Executive messaging, video conferencing, and streaming & management are key components. Cloud deployment options include public, private, and hybrid models. AI and machine learning technologies enhance VaaS, providing features like facial recognition, live transcripts, and noise reduction. Security is crucial, with AI monitoring for false alarms from incidents like fire, accidents, or thefts. Cloud vendors offer high-quality live and on-demand video content. 5G technology and mobile broadband improve access. AI-based VaaS also includes deep learning for better video analysis. ML helps improve video quality and reduce false alarms. Cloud computing and recording with storage complete the package. 

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Market Challenges

Video as a Service (VaaS) platforms have gained significant popularity in today’s digital world, enabling organizations and individuals to conduct virtual meetings and collaborate remotely. However, concerns regarding security and privacy are critical in the adoption and growth of the VaaS market. Unauthorized access to video meetings can lead to the exposure of sensitive information, making end-to-end encryption and secure transmission of video data essential. VaaS platforms handle personal and organizational data, leading to concerns about data collection, storage, and processing. Clear and transparent data retention policies are crucial to prevent unauthorized data retention. Robust user authentication mechanisms and access controls are vital to prevent unauthorized individuals from gaining access to video meetings. VaaS platforms offer the capability to record meetings for future reference, requiring secure access controls and encryption to prevent unauthorized disclosure of recorded content. Default settings and configurations should be secure to prevent unnecessary risks. Users play a crucial role in maintaining the security and privacy of VaaS platforms. Lack of user awareness and training can lead to security lapses. Screen-sharing features, while valuable for collaboration, can pose risks if not properly controlled, leading to unintentional sharing of sensitive information or unauthorized screen access. These concerns may impede the growth of the global VaaS market during the forecast period.Video-as-a-Service (VaaS) is a growing market that offers businesses on-demand videos and executive messaging through public, private, or hybrid cloud solutions. Challenges include ensuring high-quality video service, especially for real-time video conferencing, and managing video streaming and storage. AI and machine learning technologies, including deep learning and facial recognition, enhance security by monitoring for incidents like fire, road accidents, thefts, and security breaches. However, false alarms can be a concern. Cloud vendors provide video conferencing services, and 5G technology and mobile broadband improve access. AI-based VaaS can transcribe live videos into text for easy access. Noise and low-quality videos are common issues to address.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This video as a service market report extensively covers market segmentation by  

Deployment 1.1 Public cloud1.2 Private cloud1.3 Hybrid cloudEnd-user 2.1 Large enterprises2.2 SMEsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Public cloud-  Public cloud Video as a Service (VaaS) eliminates the need for organizations to invest heavily in on-premises infrastructure, hardware, and maintenance. This subscription-based model allows businesses to pay for the services they use, resulting in potential cost savings compared to traditional video conferencing solutions. Cloud-based video services offer scalability, enabling businesses to easily scale up or down based on the number of users and level of usage. This flexibility is particularly beneficial for organizations with distributed teams, remote workers, or international offices, fostering collaboration regardless of location. Cloud service providers handle infrastructure maintenance, updates, and upgrades, freeing up IT teams to focus on strategic initiatives. Implementation is faster than on-premises solutions, enabling rapid rollout of video collaboration tools. Integration with other cloud-based services and applications streamlines workflows. Regular updates from cloud service providers ensure access to the latest capabilities without manual intervention. Public cloud VaaS operates on a pay-as-you-go or subscription model, aligning expenses with actual usage and making it a cost-effective solution for businesses of all sizes. The benefits of cost efficiency, scalability, faster deployment, and feature enhancements will fuel the growth of public cloud VaaS and the global video as a service market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global OTT market continues to surge with increasing demand for streaming services, driven by widespread internet access and mobile adoption. OTT platforms offer diverse content choices, from movies to live sports, revolutionizing entertainment consumption worldwide. Video-as-a-Service (VaaS) is transforming communication and collaboration across industries. Offering scalable video solutions, VaaS enhances remote work capabilities and customer engagement, fostering seamless interaction and operational efficiency. The global post-production market is evolving with advancements in digital editing technologies. From films to commercials, post-production services play a crucial role in enhancing visual appeal and storytelling, meeting the demands of diverse media landscapes.

Research Analysis

Video as a Service (VaaS) is a cloud-based solution that delivers high-quality, real-time video services to businesses and individuals. VaaS utilizes cloud computing, video conferencing, and mobile broadband to enable remote access to video content. The integration of 5G technology and AI/ML enhances the user experience by providing faster transmission speeds and advanced features like facial recognition and object detection. VaaS offers video streaming & management solutions for various industries, including emergency services, transportation, and security. AI and deep learning algorithms analyze video feeds in real-time to detect anomalies, such as fire incidents or road accidents, ensuring prompt response and mitigating potential risks. VaaS is revolutionizing the way we consume and manage video content, offering flexible, scalable, and cost-effective solutions for businesses and individuals alike.

Market Research Overview

Video as a Service (VaaS) is a cloud-based solution that enables businesses and individuals to access, manage, and deliver high-quality video content in real-time or on-demand. Powered by cloud computing, 5G technology, and mobile broadband, VaaS offers various features such as conferencing, recording, storage, facial recognition, live transcripts, and ML (Machine Learning) for improved video quality. VaaS caters to various industries, including executive messaging, public, private, and hybrid cloud solutions. It provides real-time video services for monitoring critical incidents like fire, accidents, and thefts, while also offering AI and deep learning-based services to minimize false alarms. VaaS is revolutionizing the way we communicate, collaborate, and consume video content.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentPublic CloudPrivate CloudHybrid CloudEnd-userLarge EnterprisesSMEsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Global AI Leader and Enterprise Transformation Visionary Zeya Ottomone Appointed Chief Executive Officer of Integrow

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Author of Empowered to Execute in the Agentic Era to Lead Next Generation of AI-Powered Enterprise Innovation

ATLANTA, July 24, 2026 /PRNewswire-PRWeb/ — Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

With more than three decades of executive leadership spanning Fortune 500 enterprises, global technology organizations, and enterprise software innovation, Ottomone joins Integrow at a defining moment in the evolution of artificial intelligence.

Widely recognized for helping organizations modernize operations, simplify complex business ecosystems, and deliver measurable transformation outcomes, Ottomone has led some of the industry’s largest enterprise modernization initiatives across ERP, CRM, workforce management, cloud computing, cybersecurity, artificial intelligence, and intelligent automation. His appointment signals Integrow’s commitment to redefining how enterprises execute strategy in the era of autonomous AI.

“Artificial Intelligence is no longer about automation alone, it’s about empowering organizations to execute faster, make smarter decisions, and fundamentally rethink how work gets done,” said Zeya Ottomone, Chief Executive Officer of Integrow. “We’re entering the Agentic Era, where intelligent AI agents become trusted digital teammates capable of planning, reasoning, collaborating and executing alongside people. At Integrow, we’re building the enterprise platform that makes that future practical, secure and measurable for every organization.”

Ottomone is internationally recognized as a leader in enterprise technology, SaaS transformation, digital modernization and AI-enabled business strategy. Throughout his career he has held executive leadership and C-level positions with ABB, Honeywell, AmerisourceBergen, Cable & Wireless, Chicago Tribune and Rimini Street, leading global organizations through large-scale transformation initiatives across North America, Europe, Asia-Pacific and the Middle East. His expertise spans enterprise applications, Salesforce ecosystems, ServiceNow, ERP modernization, customer experience, intelligent operations, data strategy, and the emerging field of Agentic AI.

Before joining Integrow, Ottomone led global SaaS Centers of Excellence focused on enterprise transformation, helping organizations modernize critical business operations while reducing technology complexity and accelerating innovation. A certified Lean Six Sigma Master Black Belt and recognized executive advisor, Ottomone has consistently delivered operational excellence by combining strategic leadership with emerging technologies to create sustainable business value.

His appointment also coincides with the upcoming publication of his new book, Empowered to Execute in the Agentic Era, which explores how organizations can bridge the gap between strategy and execution by leveraging AI, empowering people, and building intelligent enterprises capable of continuous innovation. The book reflects many of the same principles that will guide Integrow’s next phase of growth: human-centered AI, intelligent automation, operational excellence, and measurable business outcomes.

Under Ottomone’s leadership, Integrow will accelerate investment across:

Agentic AIEnterprise AI PlatformsIntelligent ERPAI-powered CRMHuman Capital ManagementIT Service ManagementPredictive AnalyticsAutonomous WorkflowsEnterprise CopilotsIndustry-specific AI Solutions

The company’s vision is to deliver a unified enterprise platform where AI is embedded into every business process, enabling organizations to eliminate operational silos, automate decision-making, increase productivity, and create competitive advantage through intelligent execution. “Zeya represents exactly the type of visionary leader required for the next generation of enterprise software,” said Harvey Nicholson, Chair of Corporate Governance and Member of Integrow’s Board of Directors. “His global experience, deep understanding of enterprise technology, and forward-looking vision for Agentic AI position Integrow to become one of the industry’s most innovative AI-powered enterprise software companies.”

Wayne Gadson, Chair of Growth Strategy, added: “The future belongs to organizations that can execute strategy with intelligence, speed and confidence. Zeya has spent his career helping enterprises achieve exactly that. His appointment marks the beginning of an exciting new chapter for Integrow, our customers and our partners worldwide.” As enterprises face mounting pressure to modernize operations, reduce costs, improve workforce productivity and harness the power of artificial intelligence, Integrow is uniquely positioned to help organizations transform through a single AI-powered enterprise platform that unifies finance, operations, customer engagement, workforce management, projects and service delivery.

“Our mission is simple,” Ottomone concluded. “We don’t believe AI should replace people. We believe AI should elevate people. The organizations that will define the next decade won’t simply adopt AI—they’ll empower every employee to execute better decisions every day. That’s the future Integrow is building.”

About Integrow

Integrow is a global enterprise software company delivering next-generation AI-powered business applications built on Salesforce. The platform unifies ERP, CRM, Human Capital Management, IT Service Management, Project Management, Field Service, Finance and Operations into a single intelligent ecosystem enhanced by Agentic AI.

By embedding artificial intelligence into every workflow, Integrow enables organizations to modernize operations, accelerate innovation, improve decision-making and execute strategy with confidence.

For more information, visit www.integrow.com.

Media Contact

Media Team, Integrow, Inc., 1 855-333-4769, info@integrow.com, www.integrow.com 

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SOURCE Integrow, Inc.

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Lufax Announces Board and Management Changes

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SHANGHAI, July 24, 2026 /PRNewswire/ — Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced changes to its board of directors and senior management, effective July 25, 2026.

Ms. Fangfang Cai (“Ms. Cai”), Mr. Shibang Guo (“Mr. Guo”) and Mr. Peifeng Li (“Mr. Li”) have resigned as non-executive directors of the Company and from their respective positions on the Board’s committees. Mr. Tongzhuan Xi (“Mr. Xi”) has resigned as an executive director, the chief financial officer and the authorised representative of the Company (“Authorised Representative”) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Hong Kong Listing Rules”), with effect from July 25, 2026. Each of the four directors cited personal work arrangements as the reason for their resignation and confirmed there is no disagreement with the Board and no matter relating to their departure that needs to be brought to shareholders’ attention.

The Company has begun a search for a new chief financial officer. During the transition, the CFO’s duties will be temporarily assumed by the Company’s internal team to ensure continuity of the Company’s financial functions. Mr. Xiang Ji, an executive director and the Company’s chief executive officer, has been appointed as the Authorised Representative, the Company’s designated liaison with the Stock Exchange under the Hong Kong Listing Rules, in place of Mr. Xi, with effect from July 25, 2026.

The Board has appointed Mr. Wai Kin Chim (“Mr. Chim”) as an independent non-executive director for an initial three-year term commencing July 25, 2026.

Mr. Chim, aged 65, has over 40 years of experience in international banking and extensive board experience in Asia Pacific, having worked in Hong Kong, Singapore and Beijing. He specializes in risk management and internal control, with a strong emphasis on corporate governance, credit risk, market risk and capital management.

Mr. Chim served as a loan officer at Standard Chartered Bank, Hong Kong Branch, from October 1985 to August 1988. He was then employed by Bankers Trust Company, Hong Kong Branch, as a vice president of the Asia Credit Department from September 1988 to October 1996. He subsequently served as the managing director and the chief credit officer for Deutsche Bank AG, a company listed on the Frankfurt Stock Exchange under ticker symbol DBK, for Asia Pacific (non-Japan Asia), from October 1996 to November 2006. He joined Bank of China Limited, a company listed on the Main Board of the Stock Exchange under stock code 3988, as the chief credit officer from March 2007 to March 2015.

Mr. Chim was an independent non-executive director of Standard Chartered Bank (China) Limited from October 2015 to October 2017. He served as an independent non-executive director of HDR Global Trading Limited, owner and operator of the BitMEX digital asset trading platform, from February 2021 to February 2022. Mr. Chim served as a non-executive director of China Chengtong Hong Kong Company Limited from July 2022 to June 2025. Mr. Chim is currently an independent non-executive director of OCBC Bank (Hong Kong) Limited, since November 2017; an independent non-executive director of Banco OCBC (Macau), S.A., since August 2023; an independent non-executive director of China Intellogis Technology Co., Ltd., since June 2024; and a director of Hong Kong Dance Company Limited since June 2026.

Mr. Chim obtained a Bachelor of Science degree from the Chinese University of Hong Kong in 1983 and an MBA degree from Indiana State University, USA, in 1985. He also graduated from the Senior Executive Program at Columbia University in 2000.

In connection with these changes, with effect from July 25, 2026, Ms. Cai will step down from the Nomination and Remuneration Committee, and Mr. Koon Wing Ernest Ip has been appointed as a member to that committee. The Company’s Special Committee will comprise Mr. Dicky Peter Yip, Mr. Koon Wing Ernest Ip and Mr. Siu Hong Cheng, continuing under the chairmanship of Mr. Dicky Peter Yip, with effect from July 25, 2026.

The Board would like to take this opportunity to thank Ms. Cai, Mr. Guo, Mr. Li and Mr. Xi for their service during the tenure of their office and warmly welcome Mr. Chim to the Board.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners. In doing so, the Company has established relationships with 85 financial institutions in China as funding partners, many of which have worked with the Company for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

 

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SOURCE Lufax Holding Ltd

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UMD Smith School Researchers Warn AI Security Lapses Highlight Urgent Need for Independent Oversight

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COLLEGE PARK, Md., July 24, 2026 /PRNewswire/ — A series of recent AI security lapses—including the OpenAI–Hugging Face breach—raises a fundamental question, say a pair of researchers at the University of Maryland’s Robert H. Smith School of Business: Can tech companies safely govern the powerful AI systems they build, or is stronger outside oversight now essential?

In its incident report, OpenAI confirmed that one of its experimental AI agents exploited a weakness in its testing environment while working on a routine benchmark task. The system wasn’t instructed to behave maliciously; instead, its persistence turned a small design flaw into a real escape. Earlier tests showed similar behavior, including agents that learned to bypass security checks by manipulating authentication tokens.

This pattern echoes findings from Dean’s Professor of Information Systems Siva Viswanathan at the Smith School, who studies how large technology platforms enforce rules. His research on mobile app privacy—published in Management Science—examined Google’s rollout of Android 6.0, which gave users more control over what data apps could collect. Developers were granted a flexible window to update their apps. Many used that flexibility to delay compliance for months, continuing to gather user data until Google imposed consequences such as lower search rankings and reduced visibility in its app store.

Viswanathan’s takeaway: when companies rely on voluntary compliance, self‑interested actors often exploit the slack. Real accountability requires pairing flexibility with firm, enforceable penalties.

That lesson now reverberates across the AI sector. As companies race to build increasingly capable systems, Viswanathan says oversight must treat these AI systems as strategic actors and must include strong safeguards that can pause or reverse a system before harm occurs.

He notes that a separate study from Anthropic underscores the stakes. In controlled tests, even an AI system designed to monitor another AI inherited the same flaws it was supposed to catch. In some cases, the “judge” model failed to flag clear sabotage because it agreed with the agent’s goals, allowing dangerous behavior to pass without human review.

Balaji Padmanabhan, Dean’s Professor of Decisions, Operations and Information Technologies and director of the Smith School’s Center for Artificial Intelligence in Business, extends Viswanathan’s governance argument into the realm of autonomous AI agents, warning that the same structural weaknesses now carry far higher stakes.

“The fact that this breach occurred organically without the AI agent being asked to be malicious is itself notable. Imagine what someone who actually intends to do harm can do. It’s also not terribly reassuring that the same firms we depend on for AI infrastructure, who are facing these issues, are the ones assuring enterprises that their systems with guardrails are perfectly safe,” says Padmanabhan. “We have to wake up to the fact that we’ve created capabilities that let software become as powerful as we want it to be—and then some. It’s time we seriously ask what’s needed to create an infrastructure to play defense well.”

Across the independent studies, the pattern is consistent, says Viswanathan: Voluntary compliance fails when the governed actor is more capable than the regulator. And AI systems cannot be governed by trust or good intentions alone. Oversight must be preventive, independent and capable of stopping harmful behavior before it spreads.

About the University of Maryland’s Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

Contact: Greg Muraski, gmuraski@umd.edu

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SOURCE University of Maryland’s Robert H. Smith School of Business

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