Video Paas Market

Global Market Study on Video Communication Platform as a Service (PaaS): Private Cloud Segment to Account for 57.4% Value Share by 2016 End

Market Overview

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.

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Companies

Company Profiles 

  • Vidyo
  • GENBAND
  • Tokbox
  • Xura
  • Sinch
  • Agro.io
  • Twilio, Inc.
  • Sightcall
  • Others

Key market dynamics

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. However, rising concerns regarding data security, increasing quality issues, and lack of a proper business case for real-time communications is likely to restrict growth of the global video communication Platform as a Service (PaaS) market over the forecast period.

Several trends are likely to govern the global video communication Platform as a Service (PaaS) market in the next eight years. Rising popularity of 3D video conferencing, increasing focus on mobile video conferencing, growing adoption of browser-based video conferencing using WebRTC, and an adoption of the private cloud by service providers are some of the trends expected to impact the global video communication Platform as a Service (PaaS) market during the forecast period. 

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Segment analysis

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 (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. The Video Content Management segment is expected to expand at a significant CAGR over the forecast period. By end use, revenue from the Education segment is expected to register a relatively high CAGR during 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.

video paas market

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Regional analysis

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.

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Key market players

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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