CHICAGO, June 27,
2024 /PRNewswire/ -- The global Visual Cloud
Market will grow from USD 126.0
billion in 2024 to USD 237.2
billion by 2029 at a compounded annual growth rate (CAGR) of
13.5% during the forecast period, according to a new report by
MarketsandMarkets™. The emergence of visual clouds such as CDN,
video streaming, and other interactive media application solutions
is shifting the vendors' landscape. Today's environment experiences
an increasing need for high-quality, low-latency video services
because of remote working, online classes, and entertainment. AWS,
Google Cloud, and Microsoft Azure are the leading platform
providers with scalable cloud infrastructure to facilitate
efficient content delivery and real-time processing. Specific
suppliers, including NVIDIA, offer powerful GPU features for
rendering and AI-based graphics outputs. These technologies allow
efficient and flexible organization of visual data, which is
crucial for various purposes, including gaming and
telemedicine.
Browse in-depth TOC on "Visual Cloud Market"
200 – Tables
85 – Figures
310 – Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2019–2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD
Billion)
|
Segments
Covered
|
Offering, Organization
Size, Service Model, Deployment Mode, and Vertical
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East Africa, and Latin America
|
Companies
Covered
|
Some of the significant
Visual Cloud Market vendors are Microsoft (US), Google (US), IBM
(US), AWS (US), Oracle (US), Zoom (US), Alibaba Cloud (China),
Avaya (US), Cisco (US), and Poly (US)
|
Further, the future of visual cloud solutions promises further
integration of AI and machine learning, enhancing video analytics,
personalization, and augmented reality (AR) experiences. Edge
computing will play a crucial role in reducing latency and
bandwidth usage by processing data closer to the source. 5G
networks will significantly boost visual cloud capabilities,
supporting ultra-high-definition content and interactive services.
Vendors must innovate continuously to address security, privacy,
and infrastructure challenges while meeting the growing demands for
immersive and responsive visual experiences.
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The services segment is expected to capture the highest CAGR
during the forecast period by offering segment.
The offering segment of the Visual Cloud Market is segmented
into solutions and services. The services segment accounted for the
highest CAGR during the forecasted period. Services are necessary
to install and implement cloud-based visual solutions for
organizations. In the visual cloud industry context, the services
are essential for their focus on optimizing corporate processes and
enhancing business practices. Services are considered the basis for
developing visual cloud solutions because they address customers'
needs. Managers also advise clients on areas where their enterprise
communication is deficient and what can be done. It is evident that
through visual cloud services, organizations in various industries
can improve their employees' communication. The market's growth for
visual cloud solutions will also increase demand for services,
especially for professional services.
Based on the solution, the AR/VR solutions segment is
expected to hold the largest market share during the forecast
period.
The Visual Cloud Market, by solution, is segmented into AR/VR,
enterprise video, video analytics, video processing, cloud gaming,
and other solutions. It is expected that during the forecast
period, the AR/VR solutions segment is expected to hold the largest
market size and share in the Visual Cloud Market. AR and VR
solutions are immersive technologies that overlay digital
information or create entirely virtual environments to enhance
real-world experiences. In the Visual Cloud Market, AR/VR solutions
leverage cloud-based resources for rendering, processing, and
delivering immersive content to users across various devices.
Visual cloud platforms enable organizations to develop and deploy
AR/VR applications that provide interactive training simulations,
virtual tours, product visualization, and gaming experiences. By
offloading, rendering, and processing to the cloud, AR/VR solutions
offer scalability, flexibility, and accessibility, enabling users
to access immersive experiences without needing expensive local
hardware. These solutions drive innovation and engagement across
industries such as education, healthcare, retail, and
entertainment, transforming how users interact with digital content
and enhancing the overall user experience.
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North America is projected
to hold the largest market share during the forecast
period.
By region, North America is
projected to hold the most market share in the worldwide Visual
Cloud Market in 2024, and this pattern is anticipated to be valid
throughout the forecast period. In North
America, visual cloud solutions are critical in transforming
various industries by leveraging advanced visual processing and
analytics. These solutions are integral to enhancing security,
optimizing operations, and improving user experiences across
healthcare, retail, transportation, and entertainment sectors. For
instance, visual cloud technologies facilitate remote diagnostics
and telemedicine in healthcare by providing real-time video
consultations and advanced imaging analytics. In retail, they
enable personalized shopping experiences and efficient inventory
management through video analytics and AR.
Additionally, visual cloud solutions in North America are driving the development of
smart cities, with applications in traffic management,
surveillance, and public safety. These solutions use real-time
video data and analytics to efficiently monitor and manage urban
infrastructure. The region's robust 5G infrastructure and edge
computing advancements further bolster visual cloud services'
performance, ensuring low latency and high-speed data processing.
This combination supports innovative applications such as
autonomous vehicles and immersive media experiences, positioning
North America as a leader in
adopting and implementing visual cloud technologies. The synergy of
these technologies accelerates digital transformation, fostering
economic growth and enhancing the quality of life for
residents.
Top Key Companies in Visual Cloud Market:
Some of the significant visual cloud vendors include Microsoft
(US), Google (US), IBM (US), AWS
(US), Oracle (US), Zoom (US), Alibaba Cloud (China), Avaya (US), Cisco (US), and Poly
(US).
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