Press release
Video Communication Platform as a Service (PaaS) Market Outlook to 2027 - Avaya, AVI-SPL, Cisco Systems, Poly, SightCall, Sinch, Twilio, VBrick Systems, Vidyo, Vonage
A video communication platform as a service (PaaS) is a cloud-based model that allows to add real-time communication capabilities such as video and voice. The increasing adoption of cloud-based technology due to its lower cost as compared to premise-based video communication, also it does not include hardware or software costs, and subscription fees. This provides significant growth for the video communication platform as a service (PaaS) market.
Factors such as increasing demand for video conferencing services in BFSI, media and entertainment, education, retail, and healthcare coupled with the increasing penetration of the internet across the globe is driving the growth of the video communication platform as a service (PaaS) market during the forecast period. However, increasing quality issues and rising concerns regarding security may restraint the growth of the video communication platform as a service (PaaS) market. Further, an increase in AI technology and video analytics along with the rising popularity of video conferencing, increasing focus on mobile video conferencing, growing adoption of browser-based video conferencing are expected to boom the growth of the video communication platform as a service (PaaS) market.
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The reports cover key developments in the Video Communication Platform as a Service (PaaS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Video Communication Platform as a Service (PaaS) market are anticipated to lucrative growth opportunities in the future with the rising demand for Video Communication Platform as a Service (PaaS) market in the global market.
Key Players Influencing the Market
• Avaya Inc.
• AVI-SPL, Inc.
• Cisco Systems, Inc.
• Poly
• SightCall, Inc.
• Sinch
• Twilio Inc.
• VBrick Systems, Inc.
• Vidyo, Inc.
• Vonage
The “Global Video Communication Platform as a Service (PaaS) Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Video Communication Platform as a Service (PaaS) market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Video Communication Platform as a Service (PaaS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Video Communication Platform as a Service (PaaS) market players and offers key trends and opportunities in the market.
The global video communication platform as a service (PaaS) market is segmented on the basis deployment type, enterprise size, end-user. On the basis of deployment type the market is segmented as public cloud, private cloud, hybrid cloud. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, retail and ecommerce, media and entertainment, government and education, manufacturing, healthcare, others.
Besides this, the report analyzes factors affecting Video Communication Platform as a Service (PaaS) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Video Communication Platform as a Service (PaaS) Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Video Communication Platform as a Service (PaaS) market based on the type and application. It also provides market size and forecast till 2027 for overall Video Communication Platform as a Service (PaaS) market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Video Communication Platform as a Service (PaaS) Market.
• Key market trends cracking up the growth of the Video Communication Platform as a Service (PaaS) Market.
• Challenges to market growth.
• Key vendors of Video Communication Platform as a Service (PaaS) Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Video Communication Platform as a Service (PaaS) Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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