Global Cloud-based Video Conferencing market to grow at a CAGR of 39.06% over the period 2014-2019.
Deerfield Beach, FL -- (SBWIRE) -- 08/25/2015 -- Cloud-based video conferencing or video conferencing-as-a-service (VCaaS) allows two or more locations to communicate by simultaneous two-sided audio and video transmissions. In cloud solutions, cloud server is used to transfer, access, and storage data. Video conferencing is different from videophone calls as the former is designed to process multiple locations rather than individuals. VCaaS provides organizations the benefits of high-quality HD video conferencing technology without any major investment in hardware, infrastructure, and network. Cloud-based video conferencing makes video transmissions easily accessible to anyone at any point of time from anywhere.
Global Cloud-based Video Conferencing market to grow at a CAGR of 39.06 percent over the period 2014-2019.
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The latest report draws attention towards enterprises that are shifting from on-premise video conferencing to cloud-based video conferencing because it is more
convenient and cost-effective. This approach keeps the technology up to date, and helps users avoid the continued cost of maintenance and upgrades.
"Vendors are providing more scalable and manageable cloud-based video conferencing solutions, which also offer better value-for-money by integrating real-time and non-real-time communications."
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Cloud-based Video Conferencing market for the period 2015-2019. To calculate the market size, the report considers revenue generated from cloud-based video conferencing solutions, software, tools, applications, services, support, and maintenance.
Global Cloud-based Video Conferencing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global
Cloud-based Video Conferencing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Furthermore, the new report emphasizes the growing popularity of bring your own device (BYOD) policies among SMEs. BYOD is an emerging concept that encourages employees to use their own mobile device for accessing the company's data and systems. Most video conferencing-as-a-service solutions use a browser to access the services and are compatible with different operating systems.
"Cloud-based video conferencing allows organizations to adopt the BYOD policy minimum interoperability issues, thus enhancing overall organizational productivity."