The new report by Expert Market Research titled, ‘Global Video Streaming Software Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global video streaming software market, assessing the market based on its segments like components, streaming type, deployment mode, verticals, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 19.55%
The growth in the global market for video streaming platform is being propelled by the rising market penetration of digital content as a result of the presence of leading streaming platforms like Amazon and Netflix. The growth in the market can also be associated with the rapid shift from cable televisions to on demand videos, as a result of the development of new and innovative content by budding artists is further contributing to the market growth of video streaming software globally. advanced solutions like data analytics are further catalysing the market growth of video streaming software. Video analytics, as a solution, is being rapidly deployed by market players to derive information regarding consumer preferences, network stability, boot time, and feedback, among others to arrive at enhanced services to streamline the consumer experience.
Industry Definition and Segmentation
Video streaming software refers to a digital service that allows users to watch videos related to entertainment, education, or infotainment online aided by internet services.
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On the basis of component, the market can be segmented into:
Solutions can be further divided into transcoding and processing, video management software, video distribution, video analytics, and video security, among others.
Services can be bifurcated into professional services and managed services.
The market, on the basis of streaming type, can be categorised into:
• Live Streaming
• Video on Demand
Based on deployment type, the market can be divided into:
• On-premises
• Cloud
On the basis of vertical, the market segmentations include:
• Media and Entertainment
• BFSI
• Academia and Education
• Healthcare
• Government
• Others
The regional markets for the product include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The advent of coronavirus pandemic positively influenced the market growth of video streaming software services. The education sector is expected to be the largest user of video streaming software owing to long periods of lockdowns which resulted in a shutdown of education institutions. The on-demand services provided by video streaming software allow users to watch videos on their discretion allowing students to re-watch videos, thereby augmenting the market growth. Moreover, the rising awareness regarding business productivity and technical advancements aiding in management of digital services at an economical cost are factors enhancing the market growth of video streaming software in the Asia Pacific region.
Key Market Players
The major players in the market are IBM corporation, Kaltura, Inc., Panopto, Inc., Brightcove, Inc., and Vimeo, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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