Video Streaming Software Market Analysis:
According to MRFR, “Video Streaming Software Market Research Report Information by Component, By Streaming Type And By Region – Market Forecast Till 2032.” The global video streaming software market will touch USD 12.68 billion at an 11.02% CAGR by 2032, as per the recent Market Research Future report.
Key Players:
Prominent market players profiled in the global video streaming software market report include:
- IBM (US)
- Kaltura (US)
- BrightCove (US)
- Panopto (US)
- Haivision (US)
- Vimeo (US)
- VBrick (US)
- Polycom (US)
- Qumu (US)
- Sonic Foundry (US)
- MediaPlatform (US)
- Akamai (US)
- Limelight Networks (US)
- Agile Content (Spain)
- Ramp Holdings Inc (US)
- Sproutvideo (US)
- Wowza (US)
- Dacast (US)
- Zixi (US)
- Kollective Technology (US)
Market Segmentation:
The video streaming software market is categorized based on streaming type and component.
By component, video management will lead the market over the forecast period.
By streaming type, live will domineer the market over the forecast period.
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Market Drivers:
Growing Need for VOD to Boost Market Growth
The growing need for VOD or video on streaming services will boost market growth in the forecast period. The video streaming services like Disney Plus, HBO, Amazon Prime Video, Netflix, Hulu and others have experienced a notable increase in its paid subscriber. Such services offer high-quality, ad-free content at pocket-friendly subscription fees.
Market Opportunities:
Preference for Online Streaming over Conventional Television to offer Robust Opportunities
Increasing consumers preference for online streaming over conventional television will offer robust opportunities for the video streaming software market in the forecast period. This is because online streaming solutions offer better efficiency of seeing the content in comparison to traditional TV. Such streaming services could be accessed just from anywhere over a laptop, tablet, or smartphone. Thus, the need for video streaming software is going up rapidly.
Restraints and Challenges:
Piracy Issues to act as Market Restraint
Piracy issues in video streaming software, security and privacy issues, and high initial content creation price may act as market restraints over the forecast period.
COVID-19 Analysis:
As countless people were compelled to remain indoors during the epidemic, the online entertainment and video streaming services witnessed an increase in viewership. Thus, as a result, different video streaming platforms like Disney Plus, Netflix, Amazon Prime Video, and YouTube experienced a spike in viewership across the globe thus having a positive impact on the market growth.
Regional Analysis:
North America to Spearhead Video Streaming Software Market
North America will spearhead the video streaming software market over the forecast period. This is owing to noteworthy investments in the offshore video streaming services and solutions coupled with strategic alliances between network domains and government organizations. Besides, factors such as technological innovations, increasing internet penetration across various end industries such as healthcare, growing demand for cloud-based streaming services, considerable investments on entertainment and gaming, and increase in live video streaming are also fuelling market growth in the region.
Europe to Have Admirable Growth in Video Streaming Software Market
Europe will have an admirable growth in the market over the forecast period chiefly for the increase in live video streaming as well as large spending on entertainment and gaming. Germany grabbed the utmost market share while that in UK was the fastest growing.
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Global Video Streaming Market Report 2027 is projected to attain USD 184.3 billion by the end 2027, according to a new report released by Million Insights.
Request free sample @ https://www.millioninsights.com/industry-reports/global-video-streaming-market/request-sample Market Synopsis of Video Streaming Market: Cloud-based streaming services are gaining popularity among the large consumer base owing to improved data accessibility.
Moreover, Asia Pacific and North America are the largest market for video streaming owing to rising popularity of over-the-top (OTT) solutions, rising number of subscriptions, increasing disposable income levels, growing trend of mobile video streaming at remote locations and increasing digitalization.
Factors such as availability of high-speed internet plans at low cost and increasing popularity of on-demand video streaming is anticipated to drive the market growth.
On the basis of solution, the market is categorized into pay-TV over-the-top (OTT), and internet protocol TV.
The OTT segment is gaining high popularity among the consumers owing to free delivery of TV and film content through internet.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the video streaming software market include Brightcove, Inc., HaiVision Systems, Inc., International Business Machines Corporation, Kaltura Inc., and Kollective Technology, Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Video Streaming Software Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/video-streaming-software-market/download-sampleMarket DynamicsThe markets for video streaming software are subject to dynamic change.
Traditional television is being replaced by video on demand such as Amazon Prime and Netflix and Advertised-financed VoD like YouTube.
Video streaming is moving beyond the entertainment area into education and health care, enterprises, among other areas.
Health care providers have made advances in video usage, medical practitioners are using video conferencing to confer with patients who have difficulty coming to medical offices and have added numerous websites incorporate video and digital content into their offerings.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Video Streaming Software Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/video-streaming-software-market/download-sampleMarket DynamicsThe markets for video streaming software are subject to dynamic change.
Traditional television is being replaced by video on demand such as Amazon Prime and Netflix and Advertised-financed VoD like YouTube.
Video streaming is moving beyond the entertainment area into education and health care, enterprises, among other areas.
Health care providers have made advances in video usage, medical practitioners are using video conferencing to confer with patients who have difficulty coming to medical offices and have added numerous websites incorporate video and digital content into their offerings.
Owing to this growing trend, the overall market for video streaming software is displaying high dynamics.
Video streaming technology facilitates the transmission of video files with the help of streaming transcoders, streaming servers, and other related software, to provide uninterrupted videos to the viewers.
MarketsandMarkets expects the global video streaming software market size to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2%.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181135120Companies such as Brightcove, Inc., Haivision, Inc., IBM Corporation, Kaltura, Inc., Kollective Technology, Inc., Ooyala, Inc., Panopto, Polycom, Inc., Qumu Corporation, Sonic Foundry, Inc., VBrick, and Wowza Media Systems, LLC have created leading video streaming software and platforms to cater to the needs and demands of the video streaming software market.
These players have adopted various growth strategies, such as acquisitions, agreements, partnerships, and new product launches.The key market players are entering into collaborations and partnerships to provide innovative offerings and increase profitability.
For instance, IBM Corporation adopted the strategies of partnerships, acquisitions, and new product launches.
In April 2016, IBM partnered with the CBC, Canada’s national public broadcaster, to deploy its Cloud Video Clearleap platform, which will enable CBC to provide next-generation, ad-supported streaming video services to Canadian customersWowza Media Systems adopted the strategies of partnerships, new product launches, and product upgradations to expand its market presence.
In April 2017, Wowza released new updates of its Wowza Streaming Engine (version 4.7) and Wowza Streaming Cloud Service.
