Embedded Interactive Video Conferencing Market in the U.S. to Hit $1.7 Billion
IDC released numbers this morning that show the U.S. market for Video Platform-as-a-Service (Video PaaS) will grow from $44 million in 2016 to $1.7 billion by 2020 as the market for embedded video communications explodes.
“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.
According to the report, “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.”
Vidyo has the broadest deployment of video-enabled applications, which are increasingly being used to improve customer experience, and is #1 in embedded interactive video communications
Ten years ago Vidyo unleashed video conferencing from the room.
Since then hundreds of enterprise companies and service providers have used Vidyo’s SDK and APIs to video-enable applications, drones, phones, smart glasses, robots, kiosks and other new form factors. More than 50 million patients around the world can access our video-enabled telehealth offerings. This year alone we saw the following companies announce innovative Vidyo-enabled applications:
- Alibaba video-enabled their messaging platform
- ServiceNow video-enabled IT Help desks
- Xiaomi video-enabled their smart phone
- NCR video-enabled ATM machines
- Blue Current Credit Union and dozens of banks video-enabled banking
Vidyo didn’t invent these use case but we video-enabled them all.
Vidyo.io, our video PaaS, enables developers to video-enable their vision and quickly, easily and affordably use the company’s video chat APIs to embed enterprise-grade, real-time video communications at web scale.
Vidyo.io will be generally available this fall and developers can request an invitation now to participate in the Vidyo.io Beta.
What can we video-enable for you?