VIDEO STREAMING SOFTWARE MARKET ANALYSIS

Video Streaming Software Market, By Component (Solutions (Transcoding and Processing, Video Management Software, Video Distribution, Video Analytics, Video Security, Other Solutions), Services (Professional Services, Managed Services)) By Streaming Type (Live Streaming, Video On Demand) By Deployment Type (On-Premises, Cloud), By Vertical (Media And Entertainment, Banking, Financial Services, And Insurance, Academia And Education, Healthcare, Government, Others) and by Region (North America, Europe, Asia Pacific and ROW) -

Published In : May 2023
Code : CMI4372
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Video Streaming Software MarketSize and Trends

The global video streaming market is expected to reach a value of US$ 36.29 Bn by 2030 at a CAGR of 19.3% between 2023 and 2030.

Statistics:

Asia-Pacific region dominated the global video streaming software market in 2022, accounting for 32.2% share in terms of value, followed by Europe, North America and ROW respectively.

Market Trends

Rising application of artificial intelligence (AI) and machine learning technologies

Artificial intelligence (AI) is finding applications in a vast number of sectors, including video streaming software. Many live streaming services are employing machine learning, artificial intelligence, and deep learning to provide their services efficiently to consumers. AI enables companies to encode, organize, and distribute the data that will streamline the digital landscape. It also helps to regulate illicit content and prevent infringement of copyright content.

Increasing number of video streaming service providers

Many media companies are focused on launching their own streaming services, in order to capitalize on the market revenues. For instance, in November 2019, Walt Disney Direct-to-Customer & International launched its Disney+ video-on-demand streaming service. Furthermore, in November 2019, Apple Inc. introduced its ad-free subscription video-on-demand web television service Apple TV+. Such streaming services are providing lucrative content at affordable subscription fees.