Video Communication Platform as a Service (PaaS) Market Growth, Trends, and Forecast by 2031

MARKET INTRODUCTION

A video communication platform as a service (PaaS) is a cloud-based model that allows to add real-time communication capabilities such as video and voice. The increasing adoption of cloud-based technology due to its lower cost as compared to premise-based video communication, also it does not include hardware or software costs, and subscription fees. This provides significant growth for the video communication platform as a service (PaaS) market.

MARKET DYNAMICS

Factors such as increasing demand for video conferencing services in BFSI, media and entertainment, education, retail, and healthcare coupled with the increasing penetration of the internet across the globe is driving the growth of the video communication platform as a service (PaaS) market during the forecast period. However, increasing quality issues and rising concerns regarding security may restraint the growth of the video communication platform as a service (PaaS) market. Further, an increase in AI technology and video analytics along with the rising popularity of video conferencing, increasing focus on mobile video conferencing, growing adoption of browser-based video conferencing are expected to boom the growth of the video communication platform as a service (PaaS) market.

MARKET SCOPE

The "Global Video Communication Platform as a Service (PaaS) Market Analysis to 2031" is a specialized and in-depth study of the Video communication platform as a service (PaaS) industry with a special focus on the global market trend analysis. The report aims to provide an overview video communication platform as a service (PaaS) market with detailed market segmentation as deployment type, enterprise size, end-user, and geography. The global video communication platform as a service (PaaS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Video communication platform as a service (PaaS) market players and offers key trends and opportunities in the Video communication platform as a service (PaaS) market.

MARKET SEGMENTATION

The global video communication platform as a service (PaaS) market is segmented on the basis deployment type, enterprise size, end-user. On the basis of deployment type the market is segmented as public cloud, private cloud, hybrid cloud. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, retail and ecommerce, media and entertainment, government and education, manufacturing, healthcare, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Video communication platform as a service (PaaS) market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The video communication platform as a service (PaaS) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting video communication platform as a service (PaaS) market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the video communication platform as a service (PaaS) market in these regions.

MARKET PLAYERS

The reports cover key developments in the video communication platform as a service (PaaS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from video communication platform as a service (PaaS) market are anticipated to lucrative growth opportunities in the future with the rising demand for Video communication platform as a service (PaaS) in the global market. Below mentioned is the list of few companies engaged in the video communication platform as a service (PaaS) market.

The report also includes the profiles of key video communication platform as a service (PaaS) companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Avaya Inc.
  
•  AVI-SPL, Inc.
  
•  Cisco Systems, Inc.
  
•  Poly
  
•  SightCall, Inc.
  
•  Sinch
  
•  Twilio Inc.
  
•  VBrick Systems, Inc.
  
•  Vidyo, Inc.
  
•  Vonage
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Video Communication Platform as a Service (PaaS) Report Scope