Market Research Future Insights
The global Video Streaming Software Market is estimated to be worth USD 9.57 Billion by 2030, 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. In extension, the accessibility of high-speed internet services and promotion of technological advancements are also expected to boost market growth by 2030.
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.
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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:
|Revenue Forecast in 2027:||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|
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).
The global Video Streaming Software Market is segmented into the following types;
By professional services
By solution type
By streaming type
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.
The Latin America video streaming software market is anticipated to consider steady market growth over the coming years.
During the projected period, the APAC Video Streaming Software 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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