Video Communication Platform as a Service Market: Private Cloud Segment to Account for 57.4% Value Share by 2016 End

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.

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.

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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.

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.

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The global video communication Platform as a Service (PaaS) market is segmented into the five main regions of North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America is estimated to be the largest market in the global video communication Platform as a Service (PaaS) market by 2016 end in terms of volume.

In terms of value, the market in North America is estimated to account for a significantly high market share of 85.4% by 2016 end and is expected to expand at a CAGR of 39.1% over the forecast period. The APAC and Europe markets are projected to expand at CAGRs of 38.8% and 40.3% respectively over the forecast period.

GENBAND, Vidyo Inc., SightCall, Twilio, Inc., TokBox, Xura, Sinch, and Agora.io are the main companies operating in the global video communication Platform as a Service (PaaS) market.

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