According to a new market research report” Video Streaming Software Market by Solution (Transcoding & Processing, Video Management, Video Security), Service (Professional & Managed), Streaming Type (Live & Video On Demand Streaming), Deployment Type, Vertical, and Region – Global Forecast to 2022″, published by MarketsandMarkets™, The global video streaming software market size is expected to grow from USD 3.25 Billion in 2017 to USD 7.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2%.
The increasing need for transcoding to deliver videos to a large number of end-users and the growing demand for on-demand services are some of the factors driving the growth of the market. Extensive opportunities in Small and Medium-Sized Enterprises (SMEs) and high growth in the education sector are expected to offer huge market opportunities in this market, in the next 5 years.
Browse 81 market data tables and 61 figures spread through 150 pages and in-depth TOC on “Video Streaming Software Market by Solution (Transcoding & Processing, Video Management, Video Security), Service (Professional & Managed), Streaming Type (Live & Video On Demand Streaming), Deployment Type, Vertical, and Region – Global Forecast to 2022″
Major Key Players:
The major vendors providing video streaming software solutions are Brightcove, Inc. (Boston, US), Haivision, Inc. (Montreal, Canada), IBM Corporation (New York, US), Kaltura, Inc. (New York, US), Kollective Technology, Inc. (Bend, US), Ooyala, Inc. (Santa Clara, US), Panopto (Pittsburgh, US), Polycom, Inc. (San Jose, US), Qumu Corporation (Minneapolis, US), Sonic Foundry, Inc. (Madison, US), VBrick (Herndon, US), and Wowza Media Systems, LLC (Colorado, US).
Among the video streaming software services, the managed services segment is expected to grow at a higher CAGR. SMEs are exhibiting increased inclination toward third-party video streaming software vendors and outsourcing their services to support business requirements and focus on core business functions. This has resulted in higher demands for managed services.
Cloud deployment is expected to be the fastest-growing deployment type in the video streaming software market, as cloud deployment is being increasingly accepted across various industry verticals. Cloud deployment is easy and quick, and it provides the highest level of data security and dependability. The installation cost of cloud-based deployment is less than of on-premises deployment.
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Live streaming is expected to be the fastest-growing streaming type in the video streaming software market, as it is swiftly gaining traction within organizations, and it assists businesses to engage their audiences in the real time via high-quality videos. Live streaming also help companies in increasing viewership numbers and customer loyalty.
The education sector is expected to be the fastest-growing vertical in the video streaming software market, as video solutions are enhancing the classroom experience and increasing student engagement. Video solutions are also helping colleges and universities to manage the video resources collected from various sources from a single centralized location.
Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period. Intrinsic strength, rapid economic growth, and an increase in the usage of video streaming platforms are expected to drive the growth of the APAC region. The developed countries in this region are expected to experience significant growth because of greater technological infrastructure. The developing countries are gradually adopting video streaming platforms to advance operations and streamline business processes.
The major growth factors that are expected to further drive the adoption of video streaming software include the increasing need for transcoding to deliver videos to large numbers of end-users, extensive growth of online videos, and increasing traction of Video-as-a-Service (VaaS) among enterprises.
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Key Target Audience
- Video streaming solution vendors
- Video streaming platform providers
- IT developers
- Third-party vendors
- Consulting service providers
- Telecom operators
- Internet service providers
- Technology providers
- System integrators
- Cloud service providers
- Government agencies
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