At 21.4% CAGR, Global Video Streaming Software Market Size & Share Surpass US$ 20.5 Bn By 2030, Forecast Report By CMI
The Video Streaming Software Market was at US$ 7.89 Bn in 2021 and is growing to approx US$ 20.5 Bn by 2030, with a CAGR growth of 21.4% between 2022 and 2030.
SANDY, UTAH, UNITED STATES, September 25, 2022 /EINPresswire.com/ — According to the study, The Global Video Streaming Software Market was estimated at USD 7.89 Billion in 2021 and is anticipated to reach around USD 20.5 Billion by 2030, growing at a CAGR of roughly 21.4% between 2022 and 2030.
Video Streaming Software Market: Overview
Broadcasters employ a certain kind of technology called video streaming software to improve their streaming experience in one way or another. A more sophisticated or expert-looking broadcast is typically produced using streaming software. The software sends videos online for corporate online communication and lives audiences.
The market for video streaming software is expected to increase during the projected period due largely to the rising use of mobile devices and internet users. Additionally, it is anticipated that the market for video streaming software will continue to grow due to technological developments in the digital media industry. The growing need for transcoding, which is important to provide videos to the biggest number of end users, is anticipated to constrain the market for video streaming software.
Video Streaming Software Market: Growth Drivers
The need for unique video material is skyrocketing in the video broadcasting software sector. Major companies are pouring billions of dollars into the production of unique content to retain current customers and draw in new ones. A sort of gear used by broadcasters to, in some manner, enhance their live streaming experience is called video streaming hardware. Typically, a more complicated or polished-looking stream is produced using video software. Users may capture, produce, edit, and mix live-stream videos with video broadcasting software.
Video software uses the data streaming method, in which video files are compressed and sent in chunks to the device that has requested them. Users using streaming capture software can capture streaming video and material in real time. There are several solutions for streaming capture software that not only help with recording but also offer a variety of editing functions. As a result, many broadcasters work to increase brand recognition by producing unique content to increase sales of video streaming software and related services.
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Key Insights:
A) As per the analysis shared by our research analyst, the Video Streaming Software market is estimated to grow annually at a CAGR of around 21.4% over the forecast period (2022-2030).
B) In terms of revenue, the Video Streaming Software market size was valued at around USD 7.89 Billion in 2021 and is projected to reach USD 20.5 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) Due to the accessibility of live video material, viewers who formerly watched live events and sports on traditional television have started to switch to video platforms.
D) Exclusive material is becoming ever more popular. Streaming services are under pressure to turn a profit as the cost of producing content rises.
E) The popularity of online video material is outpacing that of traditional broadcast viewership. Online streaming services are becoming more popular because of their ease, variety, adaptability, and affordability. VoD viewers may choose their material from anywhere, unlike traditional TV viewers, who are constrained by location.
F) There is a risk of viruses and cyberattacks with the rising usage of video streaming technologies. Internet thieves steal legitimate login information from thousands of Netflix and Disney+ streaming accounts and then sell it for less money.
Press Release For Video Streaming Software Market: https://www.custommarketinsights.com/press-releases/video-streaming/
Regional Landscape
Asia-Pacific held dominant in the market during the forecast period The use of video streaming platforms to enhance and expedite corporate procedures is becoming more widespread among the nations in this area. To enhance and optimize their business operations, densely populated nations like India and China are currently moving gradually toward video streaming monetization models. Additionally, the region’s intense competition is anticipated to spur the development of video streaming software and services that will improve the organizations in the media, entertainment, and education sectors’ total return on investment.
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Key Players
Qumu Corporation
Plantronics Inc.
Kaltura Inc.
IBM
Akamai Technologies
Sonic Foundry
Haivision
Limelight Networks
Brightcove Inc.
Vbrick
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The Video Streaming Software Market is segmented as follows:
By Component
Solutions
Services
By Deployment
On-premises
Cloud
By Geography
North America
The USA
Canada
Mexico
Europe
The UK
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Malaysia
Philippines
Rest of Asia-pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa
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