At a CAGR of 21.4%, the Global Video Streaming Software Market Size and Share Will Exceed $20.5 Billion by 2030, According to CMI Forecast Report

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Video Streaming Software Market was 7.89 Billion US$ in 2021 and is projected to reach approximately 20.5 Billion US$ by 2030, growing at a CAGR of 21.4% from 2022 to 2030.

The Global Video Streaming Software Market was estimated at USD 7.89 Billion in 2021 and is projected to reach around USD 20.5 Billion by 2030, growing at a CAGR of around 21.4% between 2022 and 2030 . »

— Personalized market insights

SANDY, UTAH, USA, September 25, 2022 /EINPresswire.com/ — According to the study, the Global video streaming software market was estimated at USD 7.89 billion in 2021 and is projected to reach around USD 20.5 billion by 2030, growing at a CAGR of around 21.4% between 2022 and 2030.

Video Streaming Software Market: Insight

Broadcasters use a certain type of technology called video streaming software to enhance their streaming experience in some way. A more sophisticated or expert-looking show is usually produced using streaming software. The software sends online videos for corporate online communication and live audience.

The video streaming software market is expected to increase over the projected period, largely due to the growing use of mobile devices and internet users. Additionally, the market for video streaming software is expected to continue to grow due to technological developments in the digital media industry. Growing need for transcoding, which is important to deliver videos to the greatest number of end users, is expected to limit the video streaming software market.

Video Streaming Software Market: Growth Drivers

The need for unique video hardware is skyrocketing in the video streaming software industry. Big companies invest billions of dollars in producing unique content to retain current customers and attract new ones. A kind of equipment used by broadcasters to somehow enhance their live streaming experience is called video streaming equipment. Typically, a more complicated or refined stream is produced using video software. Users can capture, produce, edit and mix live video with video streaming software.

Video software uses the data streaming method, in which video files are compressed and sent in chunks to the device that requested them. Users using stream capture software can capture streaming video and material in real time. There are several streaming capture software solutions that not only help with recording but also offer a variety of editing functions. As a result, many broadcasters strive to increase brand recognition by producing unique content to increase sales of video streaming software and related services.

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Key ideas:

A) According to the analysis shared by our research analyst, the video streaming software market is expected to grow annually at a CAGR of approximately 21.4% over the forecast period (2022-2030).
B) In terms of revenue, the Video Streaming Software market size was valued at around USD 7.89 Billion in 2021 and is projected to reach USD 20.5 Billion by 2030. Due to various driving factors, the market is expected to increase to a significant level. assess.
C) Due to the accessibility of live video material, viewers who previously watched live events and sports on traditional television have started to switch to video platforms.
D) Proprietary hardware is becoming increasingly popular. Streaming services are under pressure to make a profit as the cost of producing content rises.
E) The popularity of online video material exceeds that of traditional viewers. Online streaming services are becoming increasingly popular due to their ease, variety, adaptability, and affordability. VoD viewers can choose their material from anywhere, unlike traditional viewers, who are constrained by location.
F) There is a risk of viruses and cyberattacks with the increasing use of video streaming technologies. Internet thieves are stealing legitimate login credentials from thousands of Netflix and Disney+ streaming accounts, then reselling them for cheap.

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Regional landscape

Asia-Pacific Dominated the Market Over the Forecast Period The use of video streaming platforms to improve and speed up business procedures is becoming increasingly prevalent among nations in this domain. To improve and optimize their business operations, densely populated countries like India and China are now gradually turning to video streaming monetization models. Moreover, the region’s intense competition is expected to drive the development of software and video streaming services that will improve the total return on investment of organizations in the media, entertainment and education sectors.

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Key players

Qumu Company
Plantronics Inc.
Kaltura Inc.
IBM
Akamai Technologies
Sonic Foundry
Havision
Networks in the limelight
Brightcove Inc.
vbrick

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The Video Streaming Software Market is segmented as follows:

By component

Solutions
Services

Per deployment

On the site
Cloud

By geography

North America

United States
Canada
Mexico
Europe
Great Britain
Germany
France
Italy
Russia
The rest of Europe

Asia Pacific

China
India
Japan
South Korea
Malaysia
Philippines
Rest of Asia-Pacific

Latin America

Brazil
Rest of Latin America
Middle East and Africa
GCC
North Africa
South Africa
Rest of the Middle East and Africa

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