Video Communication Platform as a Service Market Overview by Technology, Business Development, Services, Providers, Applications, Trends, Manufacturers, Regions & Forecast 2025

Oct 20, 2020

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.

Dallas, United States - October 20, 2020 /MarketersMedia/ —

The market size for the global video communication platform as a service (PaaS) is projected to reach USD 20.4 billion by 2028 with a CAGR of 31.3%. Integration of voice and video features on a cloud-based communication platform defines video communication platform as a service. Mass scale cloud mobility and workflow transformation substituting legacy premise-based operations has been single-handedly propelling growth impetus in video communication platform as a service market in recent years.

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Cloud based enterprise operations has been gaining lucrative grounds owing to their multiple features such as low maintenance costs and zero subscription models.

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.

Enterprise reliance on cloud-based models for video communication across verticals such as healthcare, retail, BFSI and the like are poised to bode well with large scale adoption and concomitant revenue generation in global video communication platform as a service market. Amidst COVID-19 pandemic stringency in social distancing protocols has favored further expansion in video conferencing platforms as a service market as downloads have witnessed massive surge.

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Adroit Market Research gauges into ongoing developments and evaluates dynamic market forces favoring optimistic growth spurt in global video communication platform as a service space.

Avaya Spaces Integrates NVIDIA Maxine to Boost Cloud-based Video Communication Platform Solutions
Corporates are showcasing favorable business ventures in the space. The recent collaboration between Avaya and NVIDIA is a significant milestone. Cloud based communication suite of Avaya, branded as Avaya Spaces has integrated Nvidia Maxine in its architecture which primarily offers video streaming solutions.

Understanding Segmentation by Component, Application and Region
This dedicated research report offering on global video communication platform as a service market is a high end, ready to refer investment guide focusing primarily on unraveling dominant market trends. The report assesses the complete gamut of video communication as a service and its varied segments identified as component and application.

By component the market identifies voice and video calling services as well as live audio and video streaming services as core components. Additionally, recording is also identified as a chief component in video communication platform as a service market.

Additional segmentation is based on key application areas whereby education, healthcare, finance, government and field services are marked as core segment components.

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 Cisco System Inc., Avaya Inc., Applied Global Technologies LLC, Interoute Communication Limited, VBrick Systems Inc., Polycom Inc., Adobe Systems, and AVI-SPL Inc., Huawei Technologies Co Ltd., and more. The video communication platform as a service (PaaS) market is fragmented with the existence of well-known global and domestic players across the globe.

Segment Overview of Global Video Communication Platform as a Service (PaaS) Market
Type Overview, 2019-2028 (USD Billion)
Voice Calling
Video Calling
Live Audio Streaming
Live Video Streaming
Recording

Application Overview, 2019-2028 (USD Billion)
Healthcare
Financial
Education
Field Services
Government
Others

Regional Overview, 2019-2028 (USD Billion)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America