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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