According to a new market research report ”Video StreamingSoftware 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 globalvideo streaming software market size is expected to grow from USD 3.25 Billionin 2017 to USD 7.50 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of18.2%.
The increasing need for transcoding to deliver videos to alarge number of end-users and the growing demand for on-demand services aresome of the factors driving the growth of the market. Extensive opportunitiesin Small and Medium-Sized Enterprises (SMEs) and high growth in the educationsector are expected to offer huge market opportunities in this market, in thenext 5 years.
Browse 81 market data tables and 61 figures spread through150 pages and in-depth TOC on "Video Streaming Market by Solution (Transcoding &Processing, Video Management, Video Security), Service (Professional &Managed), Streaming Type (Live & Video On Demand Streaming), DeploymentType, Vertical, and Region - Global Forecast to 2022"
Major Key Players:
The major vendors providing video streaming softwaresolutions 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 MediaSystems, LLC (Colorado, US).
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The keyforces driving the video streaming software market include the increasingtraction of Video-as-a-Service (VaaS) in enterprises due to lower cost ofownership, extensive growth of online videos, and the growing needs foron-demand video streaming services. Moreover, with the subsequent increase inthe adoption rate of cloud-based video streaming software solutions and networkbandwidth optimization, the video streaming software market is expected to gaina major traction during the forecast period.
“Transcoding and processing solutionssegment is expected to have the largest market share in 2017.”
Thetranscoding and processing solutions segment is expected to have the largestmarket share during the forecast period due to the increasing enterpriseadoption of cloud-based transcoding solutions, which can quickly convert anytype of uploaded video into various formats so that enterprise viewers canreceive high-quality videos in a device-compatible format. In addition to this,cloud-based transcoding solutions reduce the overheads of owning hardwareequipment.
“Education vertical is expected to witness thehighest growth rate during the forecast period.”
Theeducation vertical is projected to grow at the highest CAGR from 2017 to 2022,as video solutions are enhancing the classroom experience and increasingstudent engagement. Video solutions also help colleges and universities tomanage the video resources collected from various sources from a singlecentralized location.
“North America is expected tocontribute the largest market share; Asia Pacific (APAC) is expected to grow atthe fastest rate during the forecast period.”
NorthAmerica is expected to have the largest market share due to various factors,such as collaborations between governments and network arenas, institutionalpartnerships, and large-scale investments in outsourced video streamingsolutions and services. APAC offers potential growth opportunities owing to theincreasing usage of digital media among organizations and individuals, and therising awareness about business productivity in the APAC region.
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