Enjoy complimentary customisation on priority with our Enterprise License!
The video managed services market share is expected to increase by USD 3.95 billion from 2021 to 2026, at a CAGR of 23.36%.
This video managed services market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers video managed services market segmentations by end-user (enterprises and government) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The video managed services market report also offers information on several market vendors, including Adtech Systems LLC, Applied Global Technologies, AT and T Inc., AVI SPL LLC, BT Group Plc, Cameo Global Inc., Cinos Ltd., Cisco Systems Inc., Gurusons Communications Pvt. Ltd., ideyaLabs, Internet MegaMeeting LLC, Macro Technologies, Nippon Telegraph and Telephone Corp., Plantronics Inc., Premiere Global Services Inc., Radio Technical Services Ltd., Sota Solutions Ltd., TELUS Corp., Vega Technology Ltd., and ZTE Corp. among others.
Download the Free Report Sample to Unlock the Video Managed Services Market Size for the Forecast Period and Other Important Statistics
The need to focus on core competencies and improve efficiency is notably driving the video managed services market growth, although factors such as system integration and interoperability issues may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the video managed services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Video Managed Services Market Driver
The need to focus on core competencies and improve efficiency is one of the key drivers supporting the video-managed services market growth. Firms are implementing services such as managed services and IT outsourcing services to focus on their core business process and outsource IT functions to improve operational efficiency. They are outsourcing IT-related requirements such as application and infrastructure management from the managed service provider. This is supporting companies to achieve their mission and vision by putting their employee skills and resources into their core business. It also helps improve their operational efficiency, as firms do not need to invest in resources or be concerned about managing limited available resources. These factors will drive the ideo-managed services market growth during the forecast period.
Key Video Managed Services Market Trend
Increasing automation in managed services is one of the key video-managed services market trends that is contributing to the video-managed services market growth. Automation of video managed services increases business process efficiencies significantly. It helps organizations manage complex IT environments and streamline operational workflow. Automation in managed infrastructure services in organizations also increases operational processes and reduces cost. It connects multiple departments and functions of organizations and eliminates the need for repetitive IT processes. Moreover, firms can increase visibility and control in managed service delivery systems offered by their vendors with the help of automation in video-managed services. This factor, in turn, is anticipated to drive the market over the forecast period.
Key Video Managed Services Market Challenge
System integration and interoperability issues is one of the factors hindering the video-managed services market growth. Technical glitches during video conferencing can incur a cost to the organization and reduce operational efficiencies. System integration and interoperability issues arise mostly when organizations update their IT systems or merge their IT infrastructure with acquired companies. Integration of multiple IT systems on traditional IT infrastructure can create many cross-platform system integration issues. Therefore, vendors should seamlessly integrate multiple IT systems in organizations with the help of an IT team equipped with the technical expertise to manage IT infrastructure. This factor is expected to restrain the growth of the market over the forecast period.
This video managed services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global video managed services market as a part of the global IT consulting and other services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the video managed services market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the video managed services market encompasses successful business strategies deployed by the key vendors. The video managed services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The video managed services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the video managed services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for video managed services market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The development of edge data centers in the country is further enhancing the need for internet services and infrastructure, which will facilitate the video-managed services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a positive impact on video-managed services in North America. Moreover, this forced companies to offer work from home to their employees. This factor increased the demand for video-managed services in this region and is expected to drive market growth during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The video managed services market share growth by the enterprises segment will be significant during the forecast period. The enterprises require video-managed services to maintain a large deployment of video conferencing systems and audiovisual meeting rooms. Some businesses confront significant technical challenges, such as a lack of standardization and consistency in their meeting rooms, resulting in inconsistent user experiences. However, due to some other supporting factors, the demand for video-managed services will increase in the enterprise's segment, which will drive the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the video managed services market size and actionable market insights on the post-COVID-19 impact on each segment.
You may be interested in:
Video Management Software market - The market size has the potential to grow by USD 10.52 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
&
Video Surveillance as a Service market - Market share is expected to increase by USD 7.45 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.56%.
Video Managed Services Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 23.36% |
Market growth 2022-2026 |
$3.95 billion |
Market structure |
Fragmented |
YoY growth (%) |
32.92 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Adtech Systems LLC, Applied Global Technologies, AT and T Inc., AVI SPL LLC, BT Group Plc, Cameo Global Inc., Cinos Ltd., Cisco Systems Inc., Gurusons Communications Pvt. Ltd., ideyaLabs, Internet MegaMeeting LLC, Macro Technologies, Nippon Telegraph and Telephone Corp., Plantronics Inc., Premiere Global Services Inc., Radio Technical Services Ltd., Sota Solutions Ltd., TELUS Corp., Vega Technology Ltd., and ZTE Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.