Market Synopsis
As per the research by
Market Research Future Reports MRFR), the global video streaming software market is estimated to value USD
9.57 billion and will expand at a CAGR of approximately 18% during the review
period.
The global video streaming
software market is estimated to experience robust growth during the review
period due to the rising existence of cloud-based advancement and the rising
adoption of artificial intelligence. Additionally, the increasing demand for
video streaming software services across several end-users such as corporates
with the aim of the training is bringing an impact on the growth of the global
video streaming software market 2020. The expansion of the market is also
accredited to the increased attention of the organization towards digital media
marketing and the rising adoption of video streaming software services by the
large organizations for the official travel packages.
The transcoding and
processing solution sub-division of the global video streaming software market
is estimated to acquire the maximum market share of the market. The video
analytics solutions vertical is estimated to expand at the maximum pace during
the forecast period due to the increasing deployment of video analytics to
attain an end-to-end view of the video performance from the server to the
network and then finally to the players. Moreover, the increasing trend of
on-demand video streaming software is one of the most crucial factors driving
the expansion of the video streaming software market.
Market Segmentation
The global video
streaming software market is segregated on the basis of streaming, component,
deployment, vertical and region.
On the basis of streaming,
the global video streaming software market can be classified into
video-on-demand streaming and live streaming.
On the basis of components,
the global video streaming software market can be classified into service and
solution. The component vertical is further sub-divided into managed service
and professional service. The managed service vertical is likely to grow at a
considerable rate during the review period. Increased demand for video
streaming software from organizations is primarily affecting the growth of the
video streaming software market. This is due to the better timeliness,
low-cost, and availability of corporate communications.
On the basis of deployment,
the global video streaming software market can be classified into on-premise
and cloud.
On the basis of vertical,
the global video streaming software market can be classified into healthcare,
BFSI, media and entertainment, healthcare, education, government, and others.
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Regional Analysis
The global video streaming
software market has been analyzed for North America, Asia Pacific, Europe and
the Rest of the World. The North American market is expected to acquire the
largest share of the market. The U.S and Canada are leading the North America
market owing to the increased technological advancements and increased adoption
of artificial intelligence in the region. Additionally, the region consists of
a well-established infrastructure that enables faster integration of advanced
technologies. In addition to it, the increased adoption of social media is
another crucial factor bringing an impact on the expansion of the video
software market in the region.
The APAC region is
estimated to expand at the fastest pace during the review period. The expansion
of the market North market is accredited to technological development and an
increase in the adoption of live video streaming software applications across
the several verticals of industries.
Key Players
Some of
the known entities in the global video streaming software market are Haivision,
Inc. (Canada), Brightcove, Inc. (U.S.), IBM Corporation (U.S.), Kollective
Technology, Inc. (U.S.), Kaltura, Inc. (U.S.), Panopto (U.S.), Polycom, Inc.
(U.S.), Ooyala, Inc. (U.S.), Qumu Corporation (U.S.), VBrick (U.S.), Sonic
Foundry, Inc. (U.S.), Wowza Media Systems and LLC (U.S.).
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