Press release
Video Communication PaaS Market Value at 39.2% CAGR by 2024
By region, North America is estimated to be the dominant market in the global video communication Platform as a Service (PaaS) market accounting for 85.4% value share of the global video communication Platform as a Service (PaaS) market in 2016. North America is expected to continue to dominate the market throughout the forecast period. The market in Europe is expected to account for 5.2% share in terms of value in the global video communication Platform as a Service (PaaS) market.
Persistence Market Research delivers in-depth research and insights on the global video communication Platform as a Service (PaaS) market in a new report titled, “Video PaaS Market: Global Industry Analysis and Forecast, 2016–2024”. According to the report, the global video communication Platform as a Service (PaaS) market is estimated to be valued at US$ 97.67 Mn by 2016 end. Persistence Market Research analyzes the various factors and trends impacting this growth over the forecasted eight-year period (2016-2024).
Video Communication Platform as a Service (Video PaaS) is a cloud-based platform that enables developers to add real-time video communication features in their applications without any requirement to build backend infrastructure and interfaces. The PaaS offers all kinds of services and tools needed to embed real-time communication capabilities into web-based applications or to develop real-time communication applications, business processes, or mobile apps.
Demand for video conferencing and collaboration, which is increasingly used in a wide range of applications and industries such as such as media, business, education, and healthcare is increasing significantly. Video PaaS products are gaining traction in terms of application in the telehealth, media and entertainment, education, and banking and finance sectors. This is expected to bolster the growth of the global video communication Platform as a Service (PaaS) market. 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.
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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.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/11917
The report profiles some of the top market players operating in the global video communication Platform as a Service (PaaS) market. Companies featured in the report are GENBAND, Vidyo Inc., SightCall, Twilio, Inc., TokBox, Xura, Sinch, and Agora.io.
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The final report customized as per your specific requirement will be sent to your e-mail id within 7-20 days, depending on the scope of the report.
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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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