The market size for the global video communication platform as a service (PaaS) is anticipated to reach USD 20.4 billion by 2028. Increasing demand for this service in industry, media, education, and healthcare and the rise in the cloud integration is responsible for the global Video Communication Platform as a Service (PaaS) industry growth in the coming few years. Several advanced technologies are evolving to facilitate internet authentication.
The global video exchange app (PaaS) industry is expected to be dominated by many developments over the next eight years. In the forecast era, the worldwide video communication platform as a service is expected to have some impact during the predicted time due to an increased usage of 3D video conferencing, increased emphasis on smartphone video conferencing, the proliferation of Web RTC-based visualizations and the acceptance by service providers of their private cloud.
-Market-2019-2028-(USD-Billion).png "Global Video Communication Platform as a Service (PaaS) Market 2019-2028 (USD Billion)")
The growth of the digital video communications (PaaS) industry is driven by higher spending on cloud-based data infrastructure and lower ownership costs. However, the growing problems regarding data protection and rising quality issues hamper the growth of the global video communication network as the services industry. Some of the fundamental factors that are positively affecting the global video communication network as services market include increasing demand for this service in the industry, media, education, and health care, expanded usage of video communication facilities in industries and growing penetration of the worldwide Internet usage, the demand for global video communication network as services (PaaS) market.
Key Segments of the Global Video Communication Platform as a Service (PaaS) Market
Component Overview, 2019-2028 (USD Billion)
- Voice Calling
- Video Calling
- Live Audio Streaming
- Live Video Streaming
- Recording
Application Overview, 2019-2028 (USD Billion)
- Healthcare
- Financial
- Education
- Field Services
- Government
- Others
Regional Overview, 2019-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Video Communication Platform as a Service (PaaS) market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Video Communication Platform as a Service (PaaS) market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Video Communication Platform as a Service (PaaS) industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, Type, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Video Communication Platform as a Service (PaaS) market. The report will benefit:
- Every stakeholder is involved in the Video Communication Platform as a Service (PaaS) market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Video Communication Platform as a Service (PaaS) market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Video Communication Platform as a Service (PaaS) market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Platform as a Service, or PaaS, is a cloud-based service that enables businesses to build applications fast and efficiently at a speed that in-house development often can’t match. Creative agencies, consultancies, and internal IT teams can leverage PaaS to build feature-rich applications and services efficiently, accelerating the time-to-market. The Platform as a Service (PaaS) market has evolved fast, as businesses begin to look for solutions that help speed up processes and minimize costs.
Leveraging a PaaS approach brings with it the necessary flexibility and efficiency that is essential for driving business growth. Moreover, with PaaS, the focus can be shifted to creating the best solution and user experience possible. The demand for video communication platform as a service is rapidly increasing as leveraging a platform helps eliminate the expense and complexity of purchasing, configuring, and managing the hardware and software needed for custom-built applications, thereby propelling the growth of the overall platform as a service (PaaS) market.
Type Segment
The global video communication platform as a service (PaaS) market contains type and application segments. The Type type is further segregated into voice calling, video calling, live audio streaming, live video streaming, recording. the video calling segment has a maximum revenue share within the global video communication platform as a service (PaaS) market in 2019. This is predominantly owing to a high need for data security and increasing demand for real-time communication capabilities. The public cloud segment is anticipated to grow at a significant growth rate from 2020 to 2028.
Application Segment
Based on the application, the market is segmented into healthcare, financial, education, field services, government, and others. The education segment is anticipated ho grow at the highest CAGR throughout the forecast period owing to the increasing penetration of video communication platforms in this field. The market for the telecommunication sector is anticipated to possess a significant market share in 2019 since the manufacturing companies today are predominantly developing to match their user needs.
The global video communication platform as a service (PaaS) industry is a wide range to North America, Asia Pacific, South America, Europe, and the Middle East & Africa. North America is considered a mature market in the video communication platform as a service (PaaS) application, owing to the presence of technologically advanced IT infrastructure in the region. Moreover, Europe and the Asia Pacific are likely to show up steady growth in their respective markets for video communication platform as a service (PaaS) over the forecasting period.
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The major players of the global video communication platform as a service (PaaS) market are Avaya Inc., Cisco System Inc., Adobe Systems, VBrick Systems Inc., Interoute Communication Limited, Huawei Technologies Co Ltd., Polycom Inc., Applied Global Technologies LLC, and AVI-SPL Inc., and more.