Video Streaming Software Market Projected to Hit USD 9.57 billion at a 18% CAGR by 2027 – Report by Market Research Future (MRFR)
Research Reports
Dec 13, 2022
Market Research Future Insights
The global Video Streaming Software Market is estimated to be worth USD 9.57 Billion by 2027, registering an 18% CAGR during the forecast period 2020- 2027.
Online streaming services have furnished an easy and convenient way to devour Vod to millions of consumers worldwide. Video streaming is similarly getting popular among service providers to stay in the competition, better understand the customers’ requirements, and serve them better every moment.
The expanding demand for on-demand and online video streaming services and the promoting use of digital platforms are some factors evaluated to drive the growth of the global video streaming software market during the forecast period.
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In extension, the accessibility of high-speed internet services and promotion of technological advancements are also expected to boost market growth by 2027.
Videos have become a necessary part of corporate communication as well.
For corporate online communication and live audiences, video software is used to broadcast videos over the Internet. This not just cuts staff training expenses but also improves corporate communications effectiveness.
The escalating usage of videos in corporate training and the concussion of video streaming in the education sector is expected to drive the growth of the market and the over-the-Top( OTT) segment is anticipated to register the topmost CAGR over the forecast period owing to the augmented demand for digital original content, accessibility of hybrid monetization models and exquisite competition performing in content fragmentation.
Video Streaming Software Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 9.57 Billion |
| Growth Rate: | CAGR of 18% from 2020 to 2027 |
| Forecast Period: | 2020 -2027 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Regional Analysis
The global Video Streaming Software Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is anticipated to usher the global market during the projected period. Although growth in the total number of video streaming service-related subscribers in North America is slackening down, consumption time or video streaming time per user continues to arise as the accessibility and quality of streaming material improves.
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Latin America is anticipated to consider steady market growth over the coming years.
During the projected period, the APAC market is anticipated to grow at a lightning rate more than the rest of the world. Because of enhanced technological infrastructure, developed nations in this region are likely to rise significantly. To streamline and optimize their business processes, densely populated countries like India and China are shifting towards video streaming monetization models.
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Market Segmentation
The global Video Streaming Software Market is segmented into the following types;
By components
- Solutions
- Services
By professional services
- Consulting
- Implementation and integration
- support
- maintenance
By solution type
- Video Management Software
- Trans-coding and Processing
- Video Distribution
- Video Security
- Video Security
- Others
By streaming type
- Video-on-demand streaming
- Live to stream
By verticals
- BFSI
- Media and Entertainment
- Healthcare
- Academics and Education
- Government
- Others
Key Players
The global Video Streaming Software Market’s prominent key players are IBM (US) Agile content (US) Brightcove (US) MediaPlatform (US) Kaltura (US) Sonic Foundry (US) Qumu (US) Panopto (US) Vimeo (US) SproutVideo (US) Wowza (US) Haivision (Canada) and VBrick (US).
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