North America Will Dominate the Video Communication Platform as a Service (PaaS) Market

According to a recent report from Persistence Market Research, globally the market of video communication PaaS is anticipated to account for US$ 97.67 Mn, exhibiting a healthy CAGR of 39.2% in the forecast period from 2016 to 2024.

Video conferencing offers transmission of full-motion video images, static images, text, and high-quality audio between two locations. It is a face-to-face visual connection between multiple groups of people residing in separate locations, for the purpose of communication. A cloud-based platform, Video Communication PaaS allows developers to enhance real-time features of video communication without constructing any kind of backend interfaces and infrastructure. The video communication PaaS proffers all types of tools as well as services required for embedding actual communication capabilities into web-based applications.

Factors that are certainly influencing the market growth of Video Communication PaaS include growing demand in education, media and healthcare for video conferencing services, rising internet penetration worldwide and increasing acceptance of video communication facilities among enterprises. Also increasing integration of clouds is further boosting the revenue growth of video communication PaaS market globally.

However, few factors hindering the market growth of video communication PaaS during the forecast period are the rising quality issues, data security concerns and for real-time communication, there is a lack of proper business case too.

In the coming years, numerous trends will be governing the global market of video communication PaaS like service providers adapting private clouds, rising mobile video conferencing focus, growing 3D video conferencing popularity and by using WebRTC the adoption of browser-based video conferencing is increased.

Globally, the segmentation of video communication PaaS market has been done based on deployment type, application, end use and regions. On the basis of deployment type, the global market of video communication PaaS is classified as private and public cloud. Among these, the segment of private cloud, during the forecast period is expected to exhibit maximum value share of 57.4% while the segment of public cloud segment is anticipated to exhibit maximum value share of 30.9% in the market of video communication PaaS by the end of 2024.

Based on application type, the global market of video communication PaaS is segmented into real time video communication, video conference & collaboration, video content management and broadcasting video communication. Among these, the segment of broadcasting video communication is expected to exhibit relatively high CAGR of 41.4% in the forecast period from 2016 to 2024. While the segment of video content management is projected to exhibit healthy CAGR during the forecast period.

Based on end use type, the global market of video communication PaaS is segmented into education, banking & finance, social, media & entertainment and healthcare. Among these, the segment of education is projected to account for maximum value share of 37.5% by the end of 2016, exhibiting a healthy CAGR during the forecast period. While the segment of social and healthcare are expected to exhibit relatively high CAGRs during the forecast period.

Request TOC (desk of content material), Figures and Tables of the report: http://www.persistencemarketresearch.com/market-research/video-paas-market/toc

Regionally, the global market of biopharmaceuticals is classified as the MEA, North America, Europe, Latin America, and Asia Pacific. Among these, the North America region is expected to dominate global market of video communication PaaS throughout the forecast period and by the end of 2016, this segment will account for 85.4% value share of the overall market of video communication PaaS. While the Europe region is estimated to value for 5.2% value share in the global market of video communication PaaS.

The key market players functioning in the market of video communication PaaS include Xura, Sightcall, GENBAND, Sinch, Tokbox, Agro.io, Vidyo and Twilio, Inc.

 

 

 

 

 

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