VIDEO STREAMING SOFTWARE MARKET ANALYSIS
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
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.
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.
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