The global video streaming software market accounted for a value of USD 5.0 billion in 2019.Video Streaming market projected to register growth at a CAGR of 15.5% during forecast period.
COVID-19 has impacted video streaming software market. The internet users are increasing around the world due lockdown. People are spending their time using various sources of entertainment and this resulted in high streaming of such videos.
For more details, visit: Global Video Streaming Software Market By Solution Type (Video Analytics, Video Security, Others), By Streaming Type (Live Streaming & Video-On- Demand Streaming), By Component, By End-Users, By Region, Forecast & Opportunities to 2026
The demand and need for transcoding is rising across the world. transcoding is used to deliver videos to all end-users. Various enterprises are adopting such technology at large scale. The demand for video as a service by all the enterprises is increasing around the world. This drives growth in video streaming software market during forecast period.
On the basis of streaming type, the video streaming software market is segmented into video-on- demand-streaming and live streaming. The video-on-demand streaming segment is estimated to hold largest market share during forecast period. VoD allows users to watch and select videos of their choice on computers and televisions. Viewers can select videos of their choice in their desired field such as educational programs, entertainment and feature films etc. it can be deployed on cloud based and on premises. In this the content is always available for month or years. The audience’s reach is increased for accessing content. The adoption of such market is increasing immensely this drives growth in this segment during forecast period.
On the basis of solution type, the video streaming software market is segmented into transcoding and processing, video management software, video analytics, video distribution, video security and others. The video analytics segment is estimated to register growth at highest CAGR during forecast period. Online streaming is a very convenient way to watch videos. Video analytics is important for knowing competitors market and to understand consumer’s behavior in order to know their demands and requirement. It helps in keeping viewers engaged and helps in building and maintaining audience. It helps in developing new sources for video stream. It helps in giving insights and addresses all sorts of queries. This is very vital aspect for organization and large scale adoption of such system is likely to drive growth in video analytics market during forecast period.
North America region is estimated to register growth at highest CAGR during forecast period. This region is home for various video stream organizations and this region adopts technological advancement faster than other regions. The countries such as US, Canada, and other emerging technologies are adopting video streaming software at large scale. This drives growth in North America region during forecast period.
The key market players in video streaming software market are IBM, Kaltura, Panopto, Brightcove, Haivision, Vimeo, Vbrick, Ooyala, Polycom, Qumu, Sonic Foundary, Mediaplatform, Akamai, Limelight Networks, Agile Content and Ramp Holdings Inc.
- What are the expected industry trends over the next three to five years?
- Which of the video streaming software streaming type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?