video streaming software market to Surge at a Robust Pace in Terms of Revenue Over the forecast period
Research Reports
Apr 13, 2022
Market Synopsis
As per the research by Market Research Future Reports MRFR), the global video streaming software market is estimated to value USD 9.57 billion and will expand at a CAGR of approximately 18% during the review period.
The global video streaming software market is estimated to experience robust growth during the review period due to the rising existence of cloud-based advancement and the rising adoption of artificial intelligence. Additionally, the increasing demand for video streaming software services across several end-users such as corporates with the aim of the training is bringing an impact on the growth of the global video streaming software market 2020. The expansion of the market is also accredited to the increased attention of the organization towards digital media marketing and the rising adoption of video streaming software services by the large organizations for the official travel packages.
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The global video streaming software market is estimated to experience robust growth during the review period due to the rising existence of cloud-based advancement and the rising adoption of artificial intelligence. Additionally, the increasing demand for video streaming software services across several end-users such as corporates with the aim of the training is bringing an impact on the growth of the global video streaming software market 2020. The expansion of the market is also accredited to the increased attention of the organization towards digital media marketing and the rising adoption of video streaming software services by the large organizations for the official travel packages.
The transcoding and processing solution sub-division of the global video streaming software market is estimated to acquire the maximum market share of the market. The video analytics solutions vertical is estimated to expand at the maximum pace during the forecast period due to the increasing deployment of video analytics to attain an end-to-end view of the video performance from the server to the network and then finally to the players. Moreover, the increasing trend of on-demand video streaming software is one of the most crucial factors driving the expansion of the video streaming software market.
Market Segmentation
The global market for video streaming software has been segmented by component, streaming type, deployment, and vertical.
Based on the component, the global video streaming software market has been segmented into solution and service. The solution segment is further divided into transcoding and processing, video management, video delivery and distribution, video analytics, video security, and others. The transcoding and processing solutions segment is expected to witness the highest market share in the market, while the video analytics solutions segment is expected to expand at the highest pace during the assessment period owing to the growing adoption of video analytics in order to gain an end-to-end view of video performance from the server to the network and finally to the players. The service segment is further segregated into professional services and managed services.
Based on the streaming type, the global video streaming software market has been segmented into live streaming and video-on-demand streaming.
Based on the deployment, the global video streaming software market has been segmented into the cloud and on-premise.
Based on the vertical, the global video streaming software market has been segmented into BFSI, education, media & entertainment, government, healthcare, and others.
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Regional Analysis
The global video streaming software market has been analyzed for North America, Asia Pacific, Europe and the Rest of the World. The North American market is expected to acquire the largest share of the market. The U.S and Canada are leading the North America market owing to the increased technological advancements and increased adoption of artificial intelligence in the region. Additionally, the region consists of a well-established infrastructure that enables faster integration of advanced technologies. In addition to it, the increased adoption of social media is another crucial factor bringing an impact on the expansion of the video software market in the region.
The APAC region is estimated to expand at the fastest pace during the review period. The expansion of the market North market is accredited to technological development and an increase in the adoption of live video streaming software applications across the several verticals of industries.
Key Players
Some of the known entities in the global video streaming software market are Haivision, Inc. (Canada), Brightcove, Inc. (U.S.), IBM Corporation (U.S.), Kollective Technology, Inc. (U.S.), Kaltura, Inc. (U.S.), Panopto (U.S.), Polycom, Inc. (U.S.), Ooyala, Inc. (U.S.), Qumu Corporation (U.S.), VBrick (U.S.), Sonic Foundry, Inc. (U.S.), Wowza Media Systems and LLC (U.S.).
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