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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.
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)
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
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.
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.
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.
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)
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5 PEST Analysis
4.6 COVID-18 Impact Analysis
Chapter 5 Video Communication Platform as a Service (PaaS) Market by Type
5.1 Introduction
5.1.1 Voice Calling
5.1.2 Video Calling
5.1.3 Live Audio Streaming
5.1.4 Live Video Streaming
5.1.5 Recording
Chapter 6 Video Communication Platform as a Service (PaaS) Market by Application
6.1 Introduction
6.1.1 Healthcare
6.1.2 Financial
6.1.3 Education
6.1.4 Field Services
6.1.5 Government
6.1.6 Others
Chapter 7 Video Communication Platform as a Service (PaaS) Market By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Others
Chapter 9 Company Profiles
9.1 Avaya Inc.
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 Cisco System Inc.
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 Adobe Systems
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
9.4 VBrick Systems Inc.
9.4.1 Overview
9.4.2 Products and Services Portfolio
9.4.3 Recent Initiatives
9.4.4 Company Financials
9.4.5 SWOT
9.5 Interoute Communication Limited
9.5.1 Overview
9.5.2 Products and Services Portfolio
9.5.3 Recent Initiatives
9.5.4 Company Financials
9.5.5 SWOT
9.6 Huawei Technologies Co Ltd.
9.6.1 Overview
9.6.2 Products and Services Portfolio
9.6.3 Recent Initiatives
9.6.4 Company Financials
9.6.5 SWOT
9.7 Polycom Inc.
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.7 Applied Global Technologies LLC
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.8 Twilio
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.9 Vidyo Inc.
9.9.1 Overview
9.9.2 Products and Services Portfolio
9.9.3 Recent Initiatives
9.9.4 Company Financials
9.9.5 SWOT
9.10 Other Companies