This study forecasts the US market for video communications platform as a service. Video PaaS makes it dead easy to embed real time video into a mobile app, a web site, or a business process. The market is poised for take-off, driven by applications in video-aided telehealth, field services, and social media. IDC forecasts the US video PaaS market to grow from $60 million in 2016 to $1.7 billion in 2020, a 130% CAGR from 2016 to 2020.
“Vidyo has been selected by market leaders in the largest growth areas in our Video PaaS market report, including the only embedded video in the leading electronic health records (EHR) systems, and is poised as a front runner to capitalize on the tremendous growth in this $1.7B market,” said Mark Winther, group vice president and consulting partner, Worldwide Telecommunications at IDC. “To broaden the market for its high-quality real-time video communications technology, Vidyo introduced a developer-friendly API cloud platform in early 2016. This makes Vidyo one of the first companies to enable comprehensive enterprise-grade multiparty video via an open API delivery system.”
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