Video Streaming Software Market 2021 Comprehensive Industry and Vendor Landscape 2028

Shibuya-ku, Tokyo, Japan, Japan, Jan 17, 2022, 00:25 /Comserve / -- According to global video streaming software market analysis by Research Dive, the global market size was over $4,488.3 million in the 2019, growing at a rate of 20.4% CAGR and is estimated to account for $19,537.1 million till 2027.

The pandemic of COVID-19 has had a positive effect on the global video streaming software market growth in 2020. Due to the emergency of coronavirus, many governments have imposed a lockdown to stop virus spread, and thus increasing demand for online gaming services because of penetration of smart mobiles is directly impacting the requirement of video streaming platforms. This factor is expected to propel the market growth in the crisis time. In addition, some of the market players are adopting various strategies including product advancements, product launches and R&D activities to fortify their position in the global market. For instance, in September 2020, Qumu introduced a new product called“Qumu Video Control Center (VCC) Version 10.5”, which is a customer best-in-class video platform for video control center consumers. This new platform has features like being highly scalable, ultra-fast and having redundant search application, designed based on Qumu Analytics Engine (QAE) and offering comprehensive, historical and real time use reporting of both on demand and live video content. This aspect is predicted to impel the market growth in the pandemic time.

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The global video streaming software market is significantly driven by several influences including growing demand for online video streaming along with increasing incorporation of innovative technologies into video streaming platforms. This growth is owing to technological enhancements in the content streaming systems through integration of virtual technologies including virtual reality and 3D because of huge demand for video on demand and cloud video streaming services. Furthermore, constantly increasing R&D activities to create advanced streaming platforms to provide superior video quality through optimization of bandwidth networks is predicted to be a significant growth prospect for the growth of the market in the coming decades. Nevertheless, the global video streaming software market is majorly restrained by the huge video content generation prices along with technological connectivity problems with video streaming platforms.

The global video streaming software market has been classified into component, streaming type, deployment type, vertical and region.
On the basis of component, the market has been categorized into services and solutions. Among these, solutions component sub-segment registered for evident market share in the past years and is estimated to continue its command in the forecast period. The market for services sub-segment is expected to experience a healthy growth and is estimated to grow at a notable CAGR of 21.4% during the forecast period.

On the basis of streaming type, the market has been categorized into live streaming and video on demand. Among these, live streaming sub-segment generated for largest global share, which was 60.8% in 2019 and is estimated to register for $11,175.3 million till the end of 2027. Video on demand will witness to grow at a CAGR of 21.7% and is predicted to be the most lucrative sub-segment in the estimated time.

On the basis of deployment type, the market has been categorized into cloud and on premise. Among these, on premise deployment type led the largest video streaming software market size; it was over $2,588.2 million in 2019 and is projected to continue its dominance over the market during the estimated timeframe. Cloud sub-segment accounted for subsequent position in the global market and is estimated to rise the market size at a CAGR of 22.5% during the projected period.

On the basis of vertical, the global market has been categorized into BFSI, media and entertainment, education, government, healthcare and others. Among these, the media and entertainment sub-segment was the major contributor to the market in 2019, and is estimated to reach $7,668.9 million by 2027, at a CAGR of 20.3% in the forecast period. The education segment is estimated to reach $2,552.8 million by 2027, at a CAGR of 21.2%.

As per regional overview, the global video streaming software market has been examined across the regions including North America, Europe, Asia-Pacific and LAMEA. Among these, North America was the significant revenue contributor, accounting for $1,944.3 million in 2019, and is estimated to continue its steady growth during the prediction time. Europe region is expected to witness considerable CAGR of 20.8% during the forecast period.

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The significant participants in the global video streaming software market include Plantronics, Inc., Haivision, Kaltura Inc., Akamai Technologies, Vbrick, Qumu Corporation, Sonic Foundry, Limelight Networks, IBM and Brightcove Inc.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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