The global video streaming software market is expected to

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New York, United States, November 01, 2021 (GLOBE NEWSWIRE) – According to a report published by Research Dive, the global video streaming software market should generate a turnover of $ 19,537.1 million and grow at a remarkable rate 20.4% CAGR during the forecast period of 2020-2027.

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According to our analysts, due to the increasing demand for video on demand streaming and cloud-based services around the world, the market is expected to experience significant growth during the analysis period. This is mainly due to the more productive environment produced by video streaming platforms than written documents. Moreover, the growing demand for on-demand video streaming services such as Netflix, Hotstar, Prime Video and many others is the factor which is expected to drive the market growth throughout the analysis period. Furthermore, the increasing incorporation of innovative technologies such as AI tools in the creation of video streaming software is further expected to create massive growth opportunities for the video streaming software market. However, the high cost associated with video streaming platforms and the network connectivity issues are the major factors that are likely to hamper the growth of the market during the estimated period.

Impact of Covid-19 on the Global Video Streaming Software Market

As a result of the Covid-19 pandemic, where various industries have faced various challenges and difficulties, the global video streaming software market has experienced a positive impact during the pandemic. During this time of crisis, many organizations have transformed into video conferencing and collaboration platforms such as Zoom, educational platforms, social networks and many gaming platforms. These factors have driven market growth during the foreclosure period. Moreover, the active participation of market players in the launch of new products with the interpretation of new technologies for product improvement is further expected to promote the growth of the market during the analysis period.

Learn about the impact of COVID-19 on the global video streaming software market: https://www.researchdive.com/connect-to-analyst/410

Global Video Streaming Software Market Segments

The report divided the market into segments, namely component, streaming type, deployment type, vertical, and region.

Component: The solution sub-segment must be the most lucrative

The Solution sub-segment is expected to generate revenue of $ 2,556.2 million and is expected to continue to grow steadily over the estimated period. The use of solution components by major industries such as network providers and broadcasters to provide enhanced video streaming in content delivery networks is further expected to enhance the growth of video streaming software market sub-segment. during the forecast period.

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Type of broadcast: The live broadcast sub-segment must be the most profitable

The live streaming sub-segment is expected to generate $ 11,175.3 million and is expected to be more profitable during the forecast period. This is mainly due to the growing demand for remote work, collaboration and the increase in online courses. In addition, the wider range of benefits such as analytics tracking, wider audience potential, ease and convenience, richer use of content, and many more are the factors that should further strengthen the growth of the market sub-segment during the analysis period.

Type of deployment: the on-premise sub-segment will have the largest market share

The on-premise sub-segment is expected to generate revenue of $ 10,046.4 million and is expected to dominate the market during the forecast period. In addition, offering complete control over the enterprise content streaming platform and infrastructure by on-premise mode of deployment is the main factor expected to increase the growth of the software market sub-segment. streaming video throughout the analysis period.

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Vertical: Media and Entertainment sub-segment will have maximum market share

The Media and Entertainment sub-segment is expected to grow at a remarkable 20.3% CAGR during the analysis period. Extensive use of video streaming platforms in the vertical media and entertainment industry in the global market. In addition, the growing use of the media and entertainment vertical by companies as an advertising and promotional tool to market their products is the factor that is expected to amplify the growth of the sub-market during the period. analysis.

Region: Asia-Pacific region is expected to have massive growth opportunities

The Asia-Pacific region is expected to generate $ 3,848.8 million and is expected to hold the largest market share during the analysis period. This is mainly due to the growing demand for on-demand and live video streaming platforms by customers and the growing adoption by companies for training and partnering purposes. In addition, the constant efforts of developing countries in this region on improving infrastructure through video streaming to modernize business activities is the major factor expected to drive the regional growth of video streaming software market.

Key players in the global video streaming software market

1. Sonic Foundry
2. Flagship networks
3. Haivision
4. Akamai Technologies
5. IBM
6. Vbrick
7. Plantronics, Inc
8. Brightcove, Inc
9. Kaltura, Inc

For example, in July 2021, Carlyle, one of America’s leading multinational asset management and financial services companies, announced its acquisition with LiveU, one of the renowned developers of live streaming hardware and software. With this acquisition, the companies aimed to invest in mid-market technology-driven opportunities in Europe and the United States to accelerate the manufacture and improvement of new video streaming tools.

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 major players operating in the market. global industry. Click here for a summary report on Top Business Development Strategies.

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