Global Market Study on Video Communication Platform as a Service (PaaS)

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.

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.

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he 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 (Social, Media & Entertainment, Education, Healthcare, Banking & Finance). 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. By application, the Broadcasting Video Communication segment revenue is projected to register Y-o-Y growth rates ranging from 21.7% to 41.5% over 2016–2024. This segment is expected to expand at a comparatively high CAGR of 41.4% over the forecast period. This segment is estimated to account for a significantly high value share of 37.5% by 2016 end. The Social and Healthcare segments are projected to register significant CAGRs over the forecast period.

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Another key feature of this report is the analysis of the global video communication Platform as a Service (PaaS) market and the corresponding revenue forecast in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global video communication Platform as a Service (PaaS) market.

To understand key segments in terms of their growth and performance in the global video communication Platform as a Service (PaaS) market, Persistence Market Research has also developed a market attractiveness index to help providers identify existing market opportunities in the global video communication Platform as a Service (PaaS) market.