4 Stunning Benefits of Adopting Video-as-a-service in the Modern World

Previously before the lockdowns, employees of various companies would directly report to their offices to devise innovative strategies and target different problems faced by the company they are working for. But the occurrence of coronavirus has had an adverse effect on a plethora of industries due to the global lockdowns that took place so as to curb the spread of the virus. Extensive adoption of video-as-a-service made it pertinent for companies not only to sustain in the business or sector they are dealing in but also to efficiently devise strategies to mitigate and create an innovative plan of action to drive the growth of an organization. Otherwise, it would have been impossible for managers to convey crucial information and strategies about the company collectively to his employees, while maintaining discreetness within the organization.

Apart from that, video-as-a-service model was indeed the need of the hour, especially for the educational institutes so as to conduct online conferences and lectures for students. Persistent technological enhancements and advancements made it possible for schools, colleges and educational technology companies to effectively conduct interactive sessions for students in order to impart and enlighten them about various topics in an innovative. The seamless operation of the video conferencing service enabled students to point and clear out the doubts instantly, maximizing engagement between the teachers and students. Thus, video-as-a-service was a boon to numerous industries across the globe. According to the report published by Research Dive, the global video-as-a-service market is projected to generate a revenue of $11,557.3 million by 2028, growing exponentially at a CAGR of 15.6% during the forecast period 2021-2028.

4 Benefits of Adopting Video-as-a-service in the Modern World

This service can be considered as the new phone call as it is paramount importance for not only among the employees working in a small and medium enterprise but also among people working in a large enterprise, especially for individuals who have to travel multiple cities or manage tasks with a team of professionals who travel on a regular basis. Here are some perks of adopting this extremely effective service.

1. Provides a Wide Reach
   It allows professionals to conduct meetings and conferences on a large-scale, including numerous people at the same time. No matter where you are be it residence, office or any part of the world, if you have a stable internet connection, you’re good to go. This is an important feature for an organization as pivotal information about the company and clients can be efficiently imparted to maximum number of people working in the company.
2. Saves Time and Money
   The seamless face-to-face virtual, real-time video conferencing can immensely save your travel expense. Apart from that, the service enables you to hire the best talents on a global scale who are best fit for the company, and who can significantly contribute to the growth of an organization.
3. Increases Productivity and Simplifies Collaboration
   This service enables individuals to be more focused on the projects or tasks given by the company, and further streamlines collaboration with peers to effectively work and conduct a brief discussion on the matter before jumping to conclusions. This dynamic and interactive engagement with subordinates and seniors impressively increases productivity of employees working in an organization.
4. Availability of Features That Emphasize Overall Communication
   This service has a plethora of features that considerably enhances the overall communication among employees whilst maintaining secrecy. Some of the features of this service include screen sharing, cross-platform messaging, password protection, calendar scheduling, waiting rooms, meeting recordings, meeting reminders, file sharing, contact channels, and many more.

The Way Ahead for Video-as-a-Service in the Coming Years

There is going to be a tremendous demand for this service, especially among both small & medium enterprises and large enterprises for optimized engagement and increased productivity, besides keeping the remote teams linked. In addition, the media and entertainment companies across the globe are incessantly looking for real-time real time video services as to initiate production remotely. According to the report published by VC Daily, video conferencing is projected to surge by 20 percent each year through 2022. Furthermore, persistent technological advancements and addition of supplementary features in the service is expected to create massive opportunities for the growth of the global video-as-a-service market in the coming years.

About the Author(s)

Princy A. J

Princy holds a bachelor’s degree in Civil Engineering from the prestigious Tamil Nadu Dr. M.G.R. University at Chennai, India. After a successful academic record, she pursued her passion for writing. A thorough professional and enthusiastic writer, she enjoys writing on various categories and advancements in the global industries. She plays an instrumental role in writing about current updates, news, blogs, and trends.