Video Communication Platform as a Service Market Video Communication Platform as a Service Market | Page 2

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Report Media Releases
Global Video Communication Platform as a Service (PaaS)
Market Revenue Expected to Register a CAGR of 39.2%
Between 2016 and 2024; North America Expected to be the
Dominant Market Through 2024
Persistence Market Research delivers in-depth research and insights on the global video
communication Platform as a Service (PaaS) market in a new report titled, “Video PaaS Market:

M a r k e t

Global Industry Analysis and Forecast, 2016–2024”. According to the report, the global video
communication Platform as a Service (PaaS) market is estimated to be valued at US$ 97.67 Mn
by 2016 end. Persistence Market Research analyzes the various factors and trends impacting
this growth over the forecasted eight-year period (2016-2024).
Video Communication Platform as a Service (Video PaaS) is a cloud-based platform that
enables developers to add real-time video communication features in their applications without
any requirement to build backend infrastructure and interfaces. The PaaS offers all kinds of
services and tools needed to embed real-time communication capabilities into web-based
applications or to develop real-time communication applications, business processes, or mobile

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apps.
Demand for video conferencing and collaboration, which is increasingly used in a wide range of
applications and industries such as such as media, business, education, and healthcare is
increasing significantly. Video PaaS products are gaining traction in terms of application in the
telehealth, media and entertainment, education, and banking and finance sectors. This is
expected to bolster the growth of the global video communication Platform as a Service (PaaS)
market. 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

Global Video Communication Platform as a Service (PaaS) Market 2016-2024