The global video streaming software market is expected to touch
New York, USA, May 26, 2021 (GLOBE NEWSWIRE) – A final report on the global video streaming software market has been added by Research Dive to its offerings. According to the report, the market is expected to reach $ 19,537.1 million and ride with a remarkable CAGR of 20.4% from 2020 to 2027. The report offers an overview of the current scenario and future scope of the global industry. The report is written by expert market analysts and guarantees to be a reliable source of comprehensive market data and information for new entrants, investors, existing market players, stakeholders, shareholders, etc. .
Download Global Video Streaming Software Market Sample Report FREE: https://www.researchdive.com/download-sample/410
Impact of COVID-19 on Market Growth:
The rise of the COVID-19 pandemic in 2020 has positively impacted the growth of the market. During the pandemic, the use of video conferencing and collaboration platforms, such as cloud platforms, social media, Zoom, educational portals, games and streaming media, has increased dramatically. In addition, the major players are taking several initiatives, such as product improvements, new product launches and the introduction of new technologies to achieve a significant position in the global market. All of these factors are driving the growth of the market in the midst of the pandemic period.
Learn about the impact of COVID-19 on the global video streaming software market. Click here to speak to our analyst: https://www.researchdive.com/connect-to-analyst/410
Factors Affecting Market Growth:
The growing demand for cloud-based and on-demand video streaming services is driving the growth of the global video streaming software market. In addition, the integration of advanced technologies such as augmented reality tools and artificial intelligence in video streaming software to improve video streaming networks and provide advanced platforms for team meetings and management. of content in organizations is expected to open profitable opportunities for market growth during the forecast period. However, network connectivity issues for online video streaming especially in developing countries due to lack of high speed internet facilities are expected to hamper the market growth.
Access varied market reports carrying in-depth analysis of the market situation, updated with the impact of COVID-19: https://www.researchdive.com/covid-19-insights
The report segments the global video streaming software market by component, type of streaming, type of deployment, end-use industry, and region.
Video streaming software sub-segment solution to dominate market growth
Among the components segment, the Video Streaming Solution Software sub-segment is expected to lead the market growth to exceed $ 2,556.2 million during the forecast period. The growth of this sub-segment is mainly due to the significant increase in the use of the solution component by various industries, network providers and broadcasters due to several advantages of the solution component in the content delivery network (CDN ) to provide higher quality video streaming. to users.
View all reports from the Information and Communication Technology and Media industry: https://www.researchdive.com/information-and-communication-technology-and-media
Live streaming sub-segment to witness rapid growth
Among the streaming type segment, the live streaming sub-segment is expected to hold a leading market share and collect $ 11,175.3 million during the forecast period. The growth of this sub-segment is mainly due to the growing demand for remote working, collaborations and e-learning as they have many advantages such as analytical tracking, ease and convenience, potential for wider audience, the delivery of rich content and many more.
On-premise sub-segment to gain major market share
Among the deployment type segment, the on-premise sub-segment is expected to experience significant growth and earn $ 10,046.4 million during the forecast period. The growth of this sub-segment is mainly due to the fact that the on-premise deployment method offers complete control over the video streaming platform and its infrastructure.
Multimedia and entertainment video streaming software sub-segment to gain major market share
Among the end-use industry segment, the multimedia and entertainment video streaming software sub-segment is expected to grow at a CAGR of 20.3% during the forecast period. The growth of this sub-segment is mainly due to the increasing use of video streaming platforms in the media and entertainment industry for advertising and promotions to market their products.
Asia-Pacific region to hold major market share
The report analyzes the global video streaming software market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. Of these, the Asia-Pacific region market is expected to experience significant growth and bring in $ 3,848.8 million during the estimated period. The growth of this regional market is mainly due to the growing demand for on-demand and live video streaming platforms by customers and businesses in this region.
Main market players:
2. Qumu Corporation
3. Sonic Foundry
4. Brightcove Inc.
5. Plantronics Inc.
6. Akamai Technologies
9. Limelight Networks
10. Kaltura Inc.
For example, in May 2021, Amazon.com, Inc., an American multinational technology company, launched a new video streaming service called miniTV. This service provides users with “professionally” created and curated content on comedy shows, web series, tech news, food, fashion, beauty, and more.
The report also offers several cutting edge tactics and approaches such as key strategic moves and developments, product / service range, business performance, Porter’s five forces analysis, and SWOT analysis of key players, operating in the global industry. Click here for Top Companies’ Absolute Development Strategies Summary Report.
TREND RELATIONSHIPS WITH COVID-19 IMPACT ASSESSMENT
1. Advanced Persistent Threat Protection (APT) Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 (Download Free Sample Report: https://www.researchdive.com/download-sample / 8335)
2. DevOps Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 (Download Free Sample Report: https://www.researchdive.com/download-sample/2801)
3. Cognitive Cloud Computing Market: Analysis of Global Opportunities and Industry Forecast, 2020-2027 (Download Free Sample Report: https://www.researchdive.com/download-sample/2800)
4. Quantum Computing Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 (Download Free Sample Report: https://www.researchdive.com/download-sample/8332)