Growth Predictions on Global Video Communication Platform as a Service (PaaS) Through 2016 Presented in New Forecast Research

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Video Communication Platform as a Service (PaaS): Private Cloud Segment to Account for 57.4% Value Share by 2016 End” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Video Communication Platform as a Service (PaaS) market have been elaborated upon in the research report.

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A video conference is a face-to-face visual connection between two or multiple group of people residing in separate locations, for the purpose of communication. Video conferencing offers transmission of static images, text, full-motion video images, and high-quality audio between two locations. The global video communication Platform as a Service (PaaS) market is projected to register a CAGR of 39.2% in terms of value during the forecast period.

Key market dynamics

Factors such as increasing demand for video conferencing services in media, business, education, and healthcare; growing enterprise adoption of video communication facilities; and an increasing penetration of the internet across the globe is likely to positively impact the growth of the global video communication Platform as a Service (PaaS) market over the forecast period. Growth of cloud integration is further fueling the revenue growth of the global video communication Platform as a Service (PaaS) market. However, rising concerns regarding data security, increasing quality issues, and lack of a proper business case for real-time communications is likely to restrict growth of the global video communication Platform as a Service (PaaS) market over the forecast period.

Several trends are likely to govern the global video communication Platform as a Service (PaaS) market in the next eight years. Rising popularity of 3D video conferencing, increasing focus on mobile video conferencing, growing adoption of browser-based video conferencing using WebRTC, and an adoption of the private cloud by service providers are some of the trends expected to impact the global video communication Platform as a Service (PaaS) market during the forecast period. 

Segment analysis

The global video communication Platform as a Service (PaaS) market is segmented on the basis of Deployment Type (Public Cloud, Private Cloud); Application (Video Conference & Collaboration, Broadcasting Video Communication, Real Time Video Communication, Video Content Management, Others); and End Use (Social, Media & Entertainment, Education, Healthcare, Banking & Finance). By deployment type, the Private Cloud segment is estimated to account for a significantly high value share of 57.4% by 2016 end. The Public Cloud segment is expected to account for 30.9% value share in the global video communication Platform as a Service (PaaS) market by 2024. By application, the Broadcasting Video Communication segment revenue is projected to register Y-o-Y growth rates ranging from 21.7% to 41.5% over 2016–2024. This segment is expected to expand at a comparatively high CAGR of 41.4% over the forecast period. The Video Content Management segment is expected to expand at a significant CAGR over the forecast period. By end use, revenue from the Education segment is expected to register a relatively high CAGR during the forecast period. This segment is estimated to account for a significantly high value share of 37.5% by 2016 end. The Social and Healthcare segments are projected to register significant CAGRs over the forecast period.

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Research methodology

To deduce the market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by deployment type, application type, and end use, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses total revenue generated and expected revenue contribution in the global video communication Platform as a Service (PaaS) market.

The report begins with sizing the market in terms of value and volume. This forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated through different analysis based on supply side and demand side drivers and other dynamics of the global video communication Platform as a Service (PaaS) market. To develop the market forecast, Persistence Market Research has also included a comprehensive factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand predictability of the market and to identify the right opportunities.

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This release was published on openPR.