Press release
What's driving the Video Communication Platform as a Service Market Growth ? Vidyo, GENBAND, Sightcall, Sinch, Agro.io, Tokbox, Twilio Inc., Xura
The review is based on a report by Persistence Market Research, 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.”
The global video communication platform as a service (PaaS) market demonstrates a highly fragmented business landscape, states Persistence Market Research (PMR) in a new research report. Several companies, namely, Vidyo, GENBAND, Sightcall, Sinch, Agro.io, Tokbox, Twilio Inc., and Xura, have emerged as the leading vendors of video communication platform as a service across the world.
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These participants are focusing aggressively on the technological advancement of their products and services to meet the demand of their consumers. Over the next few years, they are expected to shift their focus towards partnerships and mergers and acquisitions in order to expand their consumer base. According to PMR’s estimations, the global market for video communication platform as a service was worth US$97.67 bn in 2016, reports the research study.
The global market for video communication platform as a service (PaaS) is gaining remarkably from the increasing demand for this service in the business, media, education, and the healthcare sectors, rising uptake of video communication facilities in enterprises, and the augmenting penetration of the Internet, worldwide. The increase in the cloud integration is also propelling the revenue of the global market further. However, the increasing concerns among consumers pertaining to data security, rising quality issues, and the dearth of appropriate business cases for real-time communications may restrict the growth of the global market for video communication Platform as a Service (PaaS) over the next few years.
The global market for video communication platform as a service (PaaS) is segmented into:
By Component
• Hardware
• Software
• Service
By Vertical
• Banking
• Discrete Manufacturing
• Government Agencies
• Process Manufacturing
• Healthcare
• Telecommunication
• Energy and Utilities
• Investment Services
• Others
• By Region
North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)
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In terms of geography, the global market for video communication Platform as a Service (PaaS) registers its presence into Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. With a share of more than 85% in the overall market, North America emerged as the leading geographical segment of this market in 2016. The regional market is anticipated to retain its top spot throughout the forecast period, thanks to the presence of a technologically advanced IT infrastructure.
Amongst other regional markets, Europe and Asia Pacific are likely to report a steady surge in their respective markets for video communication Platform as a Service (PaaS) over the forthcoming years. Europe is expected to benefit from the presence of a large pool of players while Asia Pacific will thrive on the ample untapped potential it offers, notes the research report.
List of Tables
Table 1: Global Video PaaS Market Value (US$ ‘000) Analysis by Deployment, 2016–2024
Table 2: Global Video PaaS Market Value (US$ ‘000) Analysis by Application, 2016–2024
Table 3: Global Video PaaS Market Value (US$ ‘000) Analysis by End Use, 2016–2024
Table 4: Global Video PaaS Market Value (US$ ‘000) Analysis by Region, 2015–2024
Table 5: North America Video PaaS Market Value (US$ ‘000) & Forecast by country, 2015–2024
Table 6: North America Video PaaS Market Value (US$ ‘000) & Forecast By Surfactant, Region-wise, 2015–2024
Table 7: North America Video PaaS Market Value (US$ ‘000) & Forecast By Application, 2015–2024
Table 8: North America Video PaaS Market Value (US$ ‘000) & Forecast By End-Use, 2015–2024
Table 9: Latin America Video PaaS Market Value (US$ ‘000) & Forecast by country, 2015–2024
Table 10: Latin America Video PaaS Market Value (US$ ‘000) & Forecast By Deployment, 2015–2024
Continued…….
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ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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