New study: Video Streaming Software Market Astonishing Growth, Technology and Top key vendor- IBM Corporation, Kaltura Inc., Kollective Technology, Inc., Ooyala, Inc., etc

The major contributing factor for the growth of the market for Video Streaming Software can be the rise of a need for transcoding to deliver videos to a large number of end-users, which is the process of conversion from one digital encoding format to another, such as for movie data files.

Market Size - USD 3.5 billion in 2018, Market Growth - CAGR of 12.6%, Market Trends - Digitalized workplaces.

The Video Streaming Software market is expected to grow from USD 3.5 billion in 2018 to USD 8 billion by 2026, at a CAGR of 12.6% during the forecast period. The growth of mobile and broadband services, increase in data traffic, increase of video streaming in industries, majorly for video training purposes and the rise of a need for transcoding to deliver videos to a large number of end-users are some of the driving factors of the market. Some other factors contributing to the growth of Video Streaming Software market are the emergence of optimized network bandwidth, extensive adoption in SMEs, high growth in the education sector and increased use of AI and video analytics to understand customer behavior.

Network connectivity and technical difficulties involved in streaming, content creation expenses and security concerns regarding video content may restrain the growth of the video streaming software market.

This is the only report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus has impacted all sectors of the world economy, and its impacts on the Video Streaming Software market are elucidated in-depth in this report.

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Key players within Video Streaming Software market are Brightcove, Inc. (Boston, US), Haivision, Inc. (Montreal, Canada), IBM Corporation (New York, US), Kaltura, Inc. (New York, US), Kollective Technology, Inc. (Bend, US), Ooyala, Inc. (Santa Clara, US), Panopto (Pittsburgh, US), Polycom, Inc. (San Jose, US), Qumu Corporation (Minneapolis, US), Sonic Foundry, Inc. (Madison, US), VBrick (Herndon, US), and Wowza Media Systems, LLC (Colorado, US)

For this report, the market has been divided into segments on the basis of deployment type, components, verticals, and regional analysis.
Video Streaming Software Market by deployment type (Revenue, USD Million; 2018-2026)
Cloud
On-Premises

Video Streaming Software Market by components (Revenue, USD Million; 2018-2026)
Solutions
Services

Video Streaming Software Market, by verticals (Revenue, USD Million; 2018-2026)
Broadcasters, operators, and media
BFSI
Education
Healthcare
Government
Others

Regional Analysis:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

The regions are assessed on their capacities to transform into areas where the Video Streaming Software market can flourish and prosper. As of the present speculations, North America and the Asia Pacific region are expected to show exponential growth and expansion. With Europe and Latin America developing a market for the Video Streaming Software.

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Further key findings from the report suggest

The Video Streaming Software market is segmented by deployment type into cloud and on-premises. The cloud segment is speculated to witness the highest growth of approx. CAGR of 12.9% during the forecast period, due to the demand for decreasing costs of equipment and the growth in cloud data adaptation.

The video streaming software market is segmented by component into solutions and services. Transcoding and processing segment in solution is expected to witness highest growth CAGR of 13.3% during the forecast period, due to the adoption of cloud-based transcoding solutions, which can convert any type of uploaded video into various formats so that customers can receive high-quality videos.

The video streaming software market is segmented by vertical into live streaming and video on demand streaming broadcasters, operators, and media, BFSI, education, healthcare, government, and others. Education segment is expected to witness highest growth CAGR of 13.5% during the forecast period since schools and colleges are extensively adopting video contents as a source of providing knowledge and learning.

The Video Streaming Software Market is segmented geographically into North, America, Europe, Asia Pacific and Rest of the World. Since then, APAC has started adopting Video Streaming Software across multiple verticals, and rapid economic growth is expected to witness the highest growth in its CAGR 13.6% during the forecast period.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/video-streaming-software-market

In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments' market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.