29-Dec-2021 | Facts and Factors
Facts & Factors published report on video streaming software market exhibits the market value to be USD 7 Billion in 2020 and with a growth at a CAGR of 19% will acquire USD 18 Billion by 2026.
Rapid digitalization helps media transform the world. The penetration of mobile phone, tablet, and electronics to listen to music or watch movies is found to trigger video streaming software growth. Video streaming is a tool that permits broadcasters stream various content through videos or other multiple means. With the help of the Internet, the software can easily stream or transfer video for corporate internet communication and live audiences. Video streaming software helps watch content anywhere anytime. Likewise, in the corporate communications the training cost of employees is reduced whereas the communicative efficiency increases. These software help compress the video to make it accessible for the larger audiences. Currently, advanced video players are being developed for better video streaming.
Rapid digitalization, increase in Internet speed, rising penetration of smartphones, and technological development are major factors expected to propel the growth of the global video streaming software market. Growing demand for video streaming in the corporate, educational, and entertainment sector coupled with the connecting to multiple audiences will further bolster the market growth. Moreover, the lockdown, health concern, work from home scenarios during the COVID-19 pandemic triggers the sales of VoD and OTT subscription, thereby boosting the video streaming software market growth.
The adoption of video streaming software due to the increasing Internet speed and influence of media for information, entertainment, or social activity, anytime and anywhere will proliferate the market over the forecast period. The easy availability, feasibility, low installation charges, and multiple options associated with the online video trend surge the market demand at a higher rate. However, the privacy, content theft, high investment, and no knowledge regarding video streaming software could have a negative impact on the market growth.
Some of the dominating players in the global video streaming software market include Vimeo, Kaltura, Panopto, IBM, Ramp Holdings, Inc., BrightCove, Wowzah, Haivision, Zixi, VBrick, Limelight Networks, Akamai, Kollective Technology, Sproutvideo, Qumu, and MediaPlatform, among others
Global Video Streaming Software Market Dynamics:
The global video streaming software market is segmented based on component, streaming type, deployment mode, vertical, and regions.
Based on component, the global video streaming software market is divided into solution and services. The solution category leads the component segment owing to its manageable, easy installation, safety, and centralized nature. The capturing, uploading, automatic transcoding, and delivering of video is much faster through the solutions. Additionally, the low latency video streaming, low distribution cost, and minimal downtime aid in the dominance of the solutions in the video streaming software market.
The global video streaming software market is categorized based on deployment mode into on-premises and cloud based. From which, the cloud-based video streaming platforms holds the highest market share. The low investment, easy installation, and easy-to-use nature are factors encouraging its adoption by the large enterprises and SMEs. Furthermore, the growing deployment of smartphone for easy solutions is anticipated to trigger the cloud-based platform growth.
Asia Pacific Exhibits The Highest Growth Rate
Asia Pacific accounts for the highest growth rate during the forecast period. Rising adoption and awareness regarding video streaming in the region including China, India, South Korea, Singapore, etc. help surge the market growth in this region. Moreover, the technological development and rising number of video streaming software manufacturers will promote the market growth.
Browse the full “Video Streaming Software Market: By Component (Solution and Services), By Streaming Type (Live Streaming and Video-On-Demand Streaming), By Deployment Mode (On-Premises and Cloud Based), By Vertical (BFSI, Government, Media and Entertainment, Healthcare, Academia and Education, and Others), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” report at https://www.fnfresearch.com/video-streaming-software-market
The global video streaming software market is segmented into:
Global Video Streaming Software Market: By Component Segment Analysis
- Transcoding and Processing
- Video Management Software
- Video Distribution
- Video Analytics
- Video Security
- Integration and Implementation
- Support and Maintenance
Global Video Streaming Software Market: By Streaming Type Segment Analysis
- Live Streaming
- Video-On-Demand Streaming
Global Video Streaming Software Market: By Deployment Mode Segment Analysis
Global Video Streaming Software Market: By Vertical Segment Analysis
- Media and Entertainment
- Academia and Education
Global Video Streaming Software Market: By Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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