Video streaming is one of the most important things that websites provide these days. Streaming is becoming more and more popular. The fact that starting a website does not require a large investment is a significant advantage. All you need is a working computer, an internet connection and some software.
The global video streaming market is expected to reach a value of US$23.0 billion by 2027 at a CAGR of 18.1% between 2020 and 2027.
Increased internet and mobile device penetration is expected to drive the growth of the global video streaming software market over the forecast period. According to the Pew Research Center, approximately 81% of individuals in the United States own a smartphone in 2019, compared to 68% in 2015. According to the same source, the number of tablet users in the United States increased from 34% in 2013 to 52% in 2019. According to Our World in Data, the number of Internet users has grown from around 413 million in 2000 to over 3.4 billion in 2016. As a result, video streaming tools such as Wirecast, OBS Studio , vMix and others have seen increased usage.
However, high content development costs, content piracy risks, network connectivity and infrastructure issues are expected to stifle the growth of the global video streaming software market throughout the forecast period.
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Impact of COVID-19
Unlike other sectors and markets, the global video streaming software industry has grown significantly during the COVID-19 outbreak. Following the implementation of statewide lockdown regulations in several countries, the use of video streaming software such as Twitch, Wirecast, and OBS studio has increased dramatically. Independent content creators have often used these video streaming services to deliver online video games, travel vlogs, live streaming, video conferencing, and other content. Additionally, the growing prevalence of mobile devices such as smartphones, tablets, and laptops has resulted in the widespread use of these platforms.
Video Streaming Software Market includes Top Companies in the Market Analysis Report:
IBM Corporation, Haivision, Brightcove, Qumu, Kaltura, Sonic Foundry, Vimeo, SpruntVideo, VBrick, MediaPlatform, Dacast, Agile Content, Wowza and Panopto.
Video Streaming Software Market Split by Product Type and Applications:
According to the study, the global video streaming software market is bifurcated into segments on the basis of product type and application. The market share and growth rate of each segment is used to evaluate it. Additionally, the analysts have reviewed the potential areas that could benefit the Video Streaming Software market producers in the coming years. Accurate value and volume estimates are provided by regional research, allowing market players to get a complete picture of the Video Streaming Software market activity as a whole.
Global Video Streaming Software Market, By Component:
Global video streaming software market, by streaming type:
Video on demand
Global Video Streaming Software Market, By Deployment:
Global Video Streaming Software Market, By Sector:
Video Streaming Software Market Regional Analysis:
The major manufacturers in the market are mentioned in this section of the report. It helps the reader grasp the tactics and alliances participants are adopting to withstand market competition.
On the basis of geography, the global market of Video Streaming Software Market has been segmented as follows:
North America includes the United States, Canada and Mexico
Europe includes Germany, France, UK, Italy, Spain
South America includes Colombia, Argentina, Nigeria and Chile
Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia
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Important Features Found Under Reports Video Streaming Software and Offers Market Highlights:
A Brief Description of the Video Streaming Software Market
Changes in industry market dynamics
Comprehensive market segmentation by type, application, etc.
Market size in terms of volume and value in the past, present and future
Current market trends and expansion
The Competitive Environment in the Video Streaming Software Market
Main companies and product policies
A potential niche market or rapidly growing territory.
Key points to remember
The global video streaming software market is expected to grow rapidly, with a CAGR of 18.1 % over the forecast period. This is due to the evolution of technology in the media industry. For example, in May 2021, Amazon launched MiniTV in India, an ad-supported video streaming service which is absolutely free in the Amazon India app.
North America is expected to witness the highest growth in the global video streaming software market over the forecast period. This is due to the existence of major market players in the region, such as Brightcove, Agile Content, and VBrick.
IBM, Agile Content, Brightcove, MediaPlatform, Kaltura, Sonic Foundry, Qumu, Panopto, Vimeo, SproutVideo, Wowza, Haivision and VBrick. and others are key players in the global video streaming software industry.
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