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Cloud-Based Video Conferencing Expecting Expansion

September 16, 2015

Take two of the hottest industries in technology today, combine them, and what do you get? Growth.

That seems to be the finding from a new report which shows that the cloud-based video conferencing market is expected to grow at a compound annual growth rate (CAGR) of 39.06 percent by 2019. For the uninitiated, 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.

According to the findings from TechNavio, VCaaS provides organizations the benefits of high-quality HD video conferencing technology without any major investment in hardware, infrastructure or network. Cloud-based video conferencing makes video transmissions easily accessible to anyone, at any point of time, from anywhere.

The report draws attention toward enterprises that are shifting from on-premises video conferencing to a cloud-based option 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,” TechNavio said in a statement.

According to the company, the 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 considered revenue generated from cloud-based video conferencing solutions, software, tools, applications, services, support and maintenance.

Currently, most video conferencing-as-a-service solutions use a browser to access the services and are compatible with different operating systems. But there’s a better way.

“Cloud-based video conferencing allows organizations to adopt a BYOD policy with minimum interoperability issues, thus enhancing overall organizational productivity,” TechNavio noted.

The full report, “Global Cloud-based Video Conferencing Market 2015-2019”, was prepared based on an in-depth market analysis with input from various industry experts.

Edited by Dominick Sorrentino