Market Insights:
Cloud video streaming is a rapidly advancing market that is anticipated to witness a CAGR of 20.50% during the forecast period of 2020 to 2030. This projection, among others, has been made in Market Research Future’s latest report on the global cloud video streaming market. The market is becoming increasingly competitive due to the cloud platform being easy to embrace for enterprises of all sizes, particularly SMEs. The growth of the market is anticipated to result in a market value of approximately USD 21.54 Bn by the end of 2030.
The rise in demand for streaming technology in recent years from the consumer end is bringing up higher opportunities for the Cloud Video Streaming Market. Entertainment has become important to relax from a stressful day. The growing demand and rise in viewers in video streaming platforms largely drive the market. The rise in the need for high-quality streaming in affordable ranges will increase the adoption of the market.
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The key players in the cloud video streaming industry are,
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Market Segmentation:
MRFR’s segmental analysis is performed on the basis of components, streaming type, service, deployment, vertical and region. By components, the market is divided into media players and service. The media player segment consists of JW Players, iOS media player and adobe flash players & Adobe AIR. The service segment is sub-segmented to include managed services and professional services.
By streaming type, the market is segmented into video on demand streaming, live streaming, and video hosting. By cloud deployment, the market is categorized into hybrid cloud, private cloud, and public cloud. By vertical, the market includes healthcare, government, media & entertainment, education, and others.
Regional Analysis:
According to the regional status, the Cloud Video Streaming Market is divided into major regions such as Asia Pacific, Europe, and North America. The Asia Pacific is noticed as the rapidly growing market region due to the rising demand for streaming platforms among the end-users.
The entertainment industries are requiring cloud video streaming to produce different quality content. North America is the largest market with the highest growth rate, Asia Pacific. It holds the next largest share of the market because it is considered the early adopter of cloud technologies. The presence of major industry players will bring up more growth opportunities and developments in the coming years. Europe is growing at a potential rate due to the target audience in these regions.
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Industry News:
To change its video streaming features, IBM will start cloud video streaming services with new developments and features.
The Otter Network, a video production tech company, is debuting two video content creation and management products, Director 2.0 and Teleport, that will provide tools for producing, managing, and distributing high-quality videos contents with affordability with the help of a technology-driven, full-stack platform.
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