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The video streaming software market size has witnessed rapid growth in recent years. It will increase from $9.29 billion in 2023 to $10.96 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to the proliferation of high-speed Internet, the rise of over-the-top (OTT) platforms, increased smartphone adoption, content digitization, and the global expansion of streaming services. Looking ahead, the video streaming software market size is expected to see rapid growth, reaching $22.7 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. This growth is driven by interactive and immersive content, the global expansion of regional platforms, dynamic ad insertion, monetization strategies, and social integration with interactive features. Major trends in the forecast period include cloud-based streaming solutions, multi-platform streaming, innovation in subscription models, remote production and collaboration, and the integration of artificial intelligence (AI).
The escalating demand for video-on-demand (VoD) streaming services is expected to fuel the growth of the video streaming software market. This demand surge is driven by the emergence of VOD services such as Netflix, video communication platforms like Zoom, and social platforms including TikTok, esports, and live streaming. According to Exploding Topics, the adoption of video streaming subscriptions in the United States has consistently grown, reaching 83% in 2023 compared to 78% in 2021. This growing preference for VoD streaming is anticipated to be a key driver for the video streaming software market’s growth, with market sizes for 2023, 2024, and 2028 providing valuable insights into its evolution.
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What Are The Key Trends That Influence Video Streaming Software Market Share Analysis?
Technological advancement is a key trend gaining popularity in the video streaming software market. Video streaming software companies are introducing new technologies in their product offerings to improve the customer video streaming experience. For instance, in July 2021, Amazon, a US-based technology company, introduced a live streaming service for the web and mobile applications powered by Twitch’s technology. Customers can set up and live stream videos through their website or mobile application using Amazon’s Interactive Video Service (IVS). It allows content creators and developers to deliver a consistent, low-latency live streaming experience across several platforms and devices without sacrificing video quality or buffering.
Which Market Players Are Driving Growth In The Video Streaming Software Market?
Major companies operating in the video streaming software market report are Apple Inc., Agile Content, International Business Machines Corporation (IBM), Akamai Technologies Inc., Polycom Inc., Ramp Holdings Inc., Vimeo Livestream, Southern Cross Media Group Limited, Uscreen Inc., Brightcove Inc., Kaltura Inc., Haivision Systems Inc., JW Player, Ooyala Inc., Vidyard Inc., Qumu Inc., Panopto, Bitmovin AG, NCH Software Inc., Streamroot, Cincopa LLC, Livestream Inc., Resi, Wowza Media Systems LLC, TikTok Live, Mirillis Ltd., StreamShark, Zixi Software Inc., Limelight Networks Inc., 24live, Cloudinary Inc., Dacast, Dailymotion SAS, Flowplayer AB, GUDSHO, Instagram Live, MediaPlatform Inc., Muvi LLC, Mux Inc., Prismplus, Sonic Foundry, StreamForge Inc., Telestream LLC, Vbrick Rev, VideoHelix, Vidizmo Inc., VPlayed Inc., YouTube LLC
How Is The Global Video Streaming Software Market Segmented?
The video streaming software market covered in this report is segmented –
1) By Streaming Type: Live Streaming, Video-On-Demand Streaming
2) By Component: Solutions, Services
3) By Deployment: Cloud, On-Premise
4) By Vertical: Media And Entertainment, BFSI, Academia And Education, Healthcare, Government, Other Verticals
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The Video Streaming Software Global Market Report 2024 provides an overview of the video streaming softwaremarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The video streaming software market forecast analyzes video streaming software market size, video streaming software market share, leading competitor and their market positions.
The Table Of Content For The Video Streaming Software Market Include
1. Video Streaming Software Market Executive Summary
2. Video Streaming Software Market Segments
3. Video Streaming Software Market Size And Template Market Growth Rate
4. Key Video Streaming Software Market Trends
5. Major Video Streaming Software Market Drivers
……
25. Key Mergers And Acquisitions In The Video Streaming Software Market
26. Top Video Streaming Software Companies
27. Video Streaming Software Market Opportunities And Strategies
28. Video Streaming Software Market, Conclusions And Recommendations
29. Appendix
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