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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.

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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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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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