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Visual Cloud Market worth $237.2 billion by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

27 Jun, 2024, 14:30 GMT

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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.

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MarketsandMarkets

Browse in-depth TOC on "Visual Cloud Market"

200 – Tables
85 – Figures
310 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256798780

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).

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

Related Reports:

Cloud ITSM Market - Global Forecast to 2029

Edge Computing Market- Global Forecast to 2029

Cloud Migration Services Market - Global Forecast to 2028

Virtual Event Platform Market - Global Forecast to 2027

Cloud TV Market- Global Forecast to 2026

Get access to the latest updates on Visual Cloud Companies and Visual Cloud Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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