Press release
Video Streaming Software Market Size Projected To Reach $28.18 Billion By 2034 With A Cagr Of 22.5%
Video Streaming Software
What Is the Expected Video Streaming Software Market Size During the Forecast Period?
In recent times, the market size for video streaming software has undergone notable expansion. It's expected to growth from its 2024 value of $10.73 billion to reach $12.52 billion in 2025, boasting a compound annual growth rate (CAGR) of 16.7%. The phenomenal growth during the historical period can be largely credited to the widespread availability of high-speed Internet, the emergence of over-the-top (OTT) platforms, the surge in smartphone use, digital content transformation, and the worldwide spread of streaming services.
Anticipated to experience significant expansion in the coming years, the video streaming software market is projected to reach a size of $28.18 billion by 2029, growing at a compound annual growth rate (CAGR) of 22.5%. The projected growth during the forecast period is believed to be due to factors such as engaging and immersive content, international growth of regional platforms, dynamic advertisement insertion, revenue-boosting strategies, and the incorporation of social and interactive features. Key trends anticipated during the forecast period encompass the use of cloud-based streaming solutions, streaming across multiple platforms, innovative subscription models, remote production and cooperation, and the incorporation of artificial intelligence (AI).
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What Are the High-Growth Segments in the Video Streaming Software Market?
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
Subsegments:
1) By Live Streaming: Event Streaming, Live Sports Streaming, Live Broadcast Streaming
2) By Video-On-Demand Streaming: Subscription-Based Video-On-Demand (SVOD), Advertising-Based Video-On-Demand (AVOD), Transactional Video-On-Demand (TVOD)
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What Key Drivers Are Expected to Influence Future Video Streaming Software Market Growth?
The steady increase in video-on-demand (VoD) streaming's popularity is predicted to fuel the video streaming software industry's expansion. The surge arises from the rise of VOD amenities such as Netflix, video communication forums like Zoom, social platforms like TikTok, esports, and live streaming. As Exploding Topics, an American software device that employs AI, reported in September 2023, video streaming subscriptions in the US have seen steady growth, rising to 83% in 2023, up from 78% in 2021. Therefore, the increasing demand for VoD streaming is projected to contribute significantly to the proliferation of video streaming software.
Which Companies Hold the Largest Share Across Different Video Streaming Software Market Segments?
Major companies operating in the video streaming software market include 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
What Trends Are Driving Growth in The Video Streaming Software Market?
The evolution of technology is becoming increasingly significant in the video streaming software market. Companies in this sector are innovating and integrating new technologies into their products to enhance user experience. For example, Brightcove, a US-based streaming technology firm, launched Brightcove Communications Studio in February 2023. It's a bespoke video streaming tool designed to streamline internal communications within companies. This platform allows HR and communication teams to leverage video-based strategies to form more profound connections with staff members. Features like video carousels enrich the exploration experience, while curated content collections can boost custom engagement. It highlights the escalating necessity for businesses to foster employee engagement through vibrant and interactive content.
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What Are the Emerging Geographies for The Video Streaming Software Market Growth?
North America was the largest region in the video streaming software market share in 2024. The regions covered in the video streaming software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Video Streaming Software Market?
2. What is the CAGR expected in the Video Streaming Software Market?
3. What Are the Key Innovations Transforming the Video Streaming Software Industry?
4. Which Region Is Leading the Video Streaming Software Market?
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