Report Code: A05701 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Request Now !Video communication platform as a service (PaaS) is a cloud-based delivery model that allows the user to add real time communication capabilities such as voice, video and messaging to business applications by deploying application program interfaces. It can enable into business applications such as sales software to add features such as call to call and multifactor authentication. Video PaaS delivers live, two-way video with business grade performance using an API first product strategy centered on mobile end points. It helps web developers to work on their own language, prototype in hours and stand up a production run in days. By establishing cloud technology in video PaaS, the cost associated with the video PaaS is much lower as compared to premises-based video solutions. It does not include any hardware or software costs, no contracts or commitments and subscription fees. This provides a significant growth in the video communication platform as a service market share.
Increase in adoption of cloud technology by video PaaS and rise in demand for video PaaS in the business, media, healthcare and education sector are the major factors driving the growth of the global video communication platform as a service market. In addition, increased spending on cloud-based video services and lower cost of ownership fuels the growth of the global video communication (PaaS) market. However, the increasing concerns in data security, rising quality issues by the customers hampers the growth of the global video communication (PaaS) market. Furthermore, the increase in AI technology and video analytics are expected to create significant opportunities for the global video communication platform as a service (PaaS) market.
The global video communication platform as a service market is segmented based on deployment mode, organization size, industry vertical and by region. As per deployment mode, the market is segmented into public cloud, private cloud,, and hybrid cloud. Based on organization size, the market is segmented into small & medium enterprises and large enterprises. As per industry vertical, the market is segmented into BFSI, Retail and ecommerce, IT and telecom, automotive & technology, manufacturing, healthcare, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global video communication platform as a service market is dominated by key players such as Cisco System Inc., Polycom Inc., Adobe Systems, Avaya Inc., Interoute Communication Limited, Huawei Technologies Co Ltd., VBrick Systems Inc., Applied Global Technologies LLC, and AVI-SPL Inc.
Video Communication Platform as a Service (PaaS) Market Report Highlights
Aspects | Details |
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By Deployment Mode |
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By Application |
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By End Use |
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By Region |
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