Press release
Video Streaming Software Market 2023-2032: Industry Insights, Regional Segments, Competitive Landscape And Major Players | IBM, Kaltura, Brightcove, Panopto, Haivision
Video Streaming Software Market
The Business Research Company's Video Streaming Software Global Market Report 2023 identifies growing demand for Video on Demand (VoD) streaming as the major driver for the Video Streaming Software Market's growth in the forecast period. The growth is driven by the emergence of VOD services such as Netflix, video communication platforms including Zoom, social platforms like Tiktok, esports, and live streaming. For instance, according to Rapid TV news, a UK-based online daily news service provider, global subscription video on demand (SVoD) users increased by 5% to 949 million in 2020 due to pandemic lockdowns. Thus, the growing demand for VoD streaming will drive the growth of the video streaming software.
The global video streaming software market size will grow from $8.08 billion in 2022 to $9.61 billion in 2023 at a compound annual growth rate (CAGR) of 18.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global video streaming software market is expected to grow to $19.44 billion in 2027 at a CAGR of 19.3%.
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Major competitors in the video streaming software market are IBM, Kaltura, Brightcove, Panopto, Haivision, Vimeo, Vbrick, Polycom, Qumu, Sonic Foundry, MediaPlatform, Akamai, Limelight Networks, Agile Content, Ramp Holdings Inc., Zixi, Muvi, Vidizmo, Vidyard, Ooyala Inc., Wowza Media Systems LLC, Telestream LLC, Apple Inc., Southern Cross Media Group Limited, Mirillis Ltd., and NCH Software Inc.
A key trend in the Video Streaming Software Market includes technological advancement. Video streaming software companies are introducing new technologies in their product offerings to improve the customer video streaming experience. For instance, in July 2021, Amazon, a US-based technology company, introduced a live streaming service for the web and mobile applications powered by Twitch's technology. Customers can set up and live stream videos through their website or mobile application using Amazon's Interactive Video Service (IVS). It allows content creators and developers to deliver a consistent, low-latency live streaming experience across several platforms and devices without sacrificing video quality or buffering.
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The Video Streaming Software Market is segmented -
By Streaming Type: Live Streaming, Video-On-Demand Streaming
By Component: Solutions, Services
By Deployment: Cloud, On-Premise
By Vertical: Media And Entertainment, BFSI, Academia And Education, Healthcare, Government, Other Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Video Streaming Software Market.
The Business Research Company's "Global Video Streaming Software Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Video Streaming Software Market Include:
1. Executive Summary
2. Video Streaming Software Market Characteristics
3. Video Streaming Software Market Trends And Strategies
4. Video Streaming Software Market - Macro Economic Scenario
5. Video Streaming Software Market Size And Growth
……
26. Africa Video Streaming Software Market
27. Video Streaming Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video Streaming Software Market
29. Video Streaming Software Market Future Outlook and Potential Analysis
30. Appendix
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