Global Video Streaming Software Market is predicted to thrive during the forecast period 2024- 2028, owing to the rising popularity of video streaming, smart phone adoption, and online services. The growing demand for specialized processing to distribute videos to the greatest possible number of end users is also boosting the growth of the global video streaming software market. The market for video streaming software has benefited from the COVID-19 pandemic. Since most people were at home, they required additional security and health safety compliances have led to higher Video and OTT subscription rates.
Rise in Demand for on Demand Streaming and Rapid Growth of Online Video Streaming is Fueling the Market Growth
Globally, there is a sharp rise in the consumption of digital media. High speed internet speeds and the rising demand for devices that can support digital media are enabling users to access media material anywhere in the world. The transition from traditional to digital media has significantly increased media consumption in the U.S. As an illustration, the rise of digital media providers like Amazon, Netflix, Apple TV, and Hulu, among others, is posing a threat to traditional television as the primary entertainment medium.
High-Speed Internet Connectivity Is in High Demand, which is Driving the Market Growth
Growing adoption of smartphones with high-speed internet technologies like 3G, 4G, and LTE has increased data usage and boosted the creation of on-demand content services like gaming and real-time entertainment, among other things. Easy access to video content has been made possible by internet connectivity, including Facebook, FaceTime, Google Hangouts, and Skype. The convenience and easy access to video content offered by video streaming services is anticipated to accelerate industry expansion. Therefore, the market for video streaming software is expanding due to the rising need for high-speed internet connectivity.
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Market Segmentation
Recent Advancements
In August 2020, Vidyard announced the release of its video collaboration and communication capabilities for Android, which are now accessible to 1.6 billion daily active users, as well as a free outgrowth for Microsoft Edge users. Multiple business professionals can use this to record and share conference summaries, team alerts, videos of new products, and other operations directly from their detectors.
Company Profiles
Brightcove Inc., International Business Machine Corporation (IBM Cloud Video), Kollective Technology, Inc., Ooyala, Inc., Plantronics, Inc., Vimeo, Inc., Muvi LLC, Wowza Media Systems, LLC, Apple Inc., Microsoft Corporation, are among the major players that are driving the growth of the global video streaming software market.
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | By Solution By Mode By Streaming By Platform By Service Type By Revenue Model By Deployment By End User By Region |
Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa and South America |
Country Scope | United States, Canada, Mexico, China, Japan, India, Australia, South Korea, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia |
Key Companies Profiled | Brightcove Inc., International Business Machine Corporation (IBM Cloud Video), Kollective Technology, Inc., Ooyala, Inc., Plantronics, Inc., Vimeo, Inc., Muvi LLC, Wowza Media Systems, LLC, Apple Inc., Microsoft Corporation |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |