Thanks to cloud-based video conferencing or video conferencing-as-a-service (VCaaS), companies can enjoy the benefits of high-quality HD video meetings without any major investment in hardware, infrastructure, and network. With cloud-based video conferencing, meetings with colleagues, partners or clients become easily accessible to anyone from anywhere and at any time.
According to a new research report published by Market Research Store, cloud-based video conferencing market will grow at a CAGR of 39% over the period 2015-2019. The report has been prepared based on an in-depth market analysis and in collaboration with industry experts. It also includes a discussion of the key vendors operating in this market.
Some of the points this report draws attention to:
1) Enterprises are shifting from on-premise video conferencing to cloud-based video conferencing, as it is more convenient and cost-effective. Video conferencing services are easier to keep up to date, so users avoid the continued cost of maintenance and upgrades.
2) Cloud-based video conferencing solutions are getting more scalable and manageable, and usually integrate both real-time and non-real-time communications, offering better value-for-money.
3) The popularity of bring your own device (BYOD) policies among SMEs is growing constantly. BYOD is a new concept that means “encouraging employees to use their own mobile device for accessing the company’s data and systems”. Video conferencing keeps pace with this trend. Most video conferencing-as-a-service solutions use a browser to access the services and are compatible with different operating systems. So, cloud-based video conferencing also helps companies to adopt the BYOD policy, enhancing overall organizational productivity and solving interoperability issues.