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Video Streaming Software Market SWOT Analysis, Industry Revenue And Forecast Till 2033
Video Streaming Software Market
The Business Research Company offers in-depth market insights through Video Streaming Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The video streaming software market size has grown rapidly in recent years. It will grow from $9.29 billion in 2023 to $10.96 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to proliferation of high-speed Internet, rise of over-the-top (OTT) platforms, increased smartphone adoption, content digitization, global expansion of streaming services.
The video streaming software market size is expected to see rapid growth in the next few years. It will grow to $22.7 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to interactive and immersive content, global expansion of regional platforms, dynamic ad insertion, monetization strategies, social integration and interactive features. Major trends in the forecast period include cloud-based streaming solutions, multi-platform streaming, subscription model innovation, remote production and collaboration, integration of artificial intelligence (AI).
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Market Segmentation:
The video streaming software market covered in this report is segmented -
1) By Streaming Type: Live Streaming, Video-On-Demand Streaming
2) By Component: Solutions, Services
3) By Deployment: Cloud, On-Premise
4) By Vertical: Media And Entertainment, BFSI, Academia And Education, Healthcare, Government, Other Verticals
Major Driver - Rising Demand For Video On Demand (VOD) Streaming To Fuel Video Streaming Software Market
The growing demand for video-on-demand (VoD) streaming is expected to propel the growth of the video streaming software market going forward. The growth is driven by the emergence of VOD services such as Netflix, video communication platforms including Zoom, social platforms such TikTok, esports, and live streaming. For instance, in September 2023, according to Exploding Topics, a US-based software tool that uses artificial intelligence, the adoption of video streaming subscriptions in the United States has shown consistent growth, increasing to 83% in 2023, compared to 78% in 2021. Thus, the growing demand for VoD streaming will drive the growth of video streaming software.
Competitive Landscape:
Major companies operating in the video streaming software market report are Apple Inc., Agile Content, International Business Machines Corporation (IBM), Akamai Technologies Inc., Polycom Inc., Ramp Holdings Inc., Vimeo Livestream, Southern Cross Media Group Limited, Uscreen Inc., Brightcove Inc., Kaltura Inc., Haivision Systems Inc., JW Player, Ooyala Inc., Vidyard Inc., Qumu Inc., Panopto, Bitmovin AG, NCH Software Inc., Streamroot, Cincopa LLC, Livestream Inc., Resi, Wowza Media Systems LLC, TikTok Live, Mirillis Ltd., StreamShark, Zixi Software Inc., Limelight Networks Inc., 24live, Cloudinary Inc., Dacast, Dailymotion SAS, Flowplayer AB, GUDSHO, Instagram Live, MediaPlatform Inc., Muvi LLC, Mux Inc., Prismplus, Sonic Foundry, StreamForge Inc., Telestream LLC, Vbrick Rev, VideoHelix, Vidizmo Inc., VPlayed Inc., YouTube LLC
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Top Trend - Streaming Application To Expand Video Streaming Software Market
Major companies in the video streaming software market are focused on developing streaming applications, such as studio apps, to expand video capabilities and gain a competitive edge in the market. A studio app is a software application that provides tools and features for creating and producing multimedia content, often with a focus on audio, video, or graphic design. For instance, in May 2022, Pinterest, a US-based visual discovery engine for finding ideas, launched its TV Studio live streaming app for Android and iOS, allowing selected video creators to go live on the platform with multi-device support for different camera angles. The app, available to a limited group initially, requires users to enter a code or scan a barcode for access.
The Table Of Content For The Market Report 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
…..
27. Video Streaming Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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