Video Streaming Software Market Set to Surpass USD 38.1 Billion by 2030, Revolutionizing Digital Entertainment

The Video Streaming Software Market size was USD 9.8 billion in 2022 and is expected to Reach USD 38.1 billion by 2030 and grow at a CAGR of 18.5 %

AUSTIN, TEXAS, UNITED STATES, January 26, 2024 /EINPresswire.com/ -- Explosive Growth is Projected as Video Streaming Software Transforms the Digital Landscape, increased internet users, and the escalating preference for video-on-demand (VOD) streaming.

The SNS Insider report reveals that the Video Streaming Software Market, valued at USD 9.8 billion in 2022, is anticipated to soar to USD 38.1 billion by 2030. This surge is expected to maintain a Compound Annual Growth Rate (CAGR) of 18.5% over the forecast period from 2023 to 2030.
The Video Streaming Software Market report provides a comprehensive analysis of the industry, covering aspects such as market size, growth potential, and key trends. Encompassing Live Streaming and Video on video-on-demand streaming (VOD), the report explores the dynamic landscape shaped by the increasing prominence of telecom software and the global gaming industry. It delves into challenges like complex network connectivity and the initial high cost of content creation. With a focus on regional dynamics, the report assesses North America's dominance and anticipates Asia Pacific's significant growth. This exhaustive scope aims to guide stakeholders in understanding market opportunities, risks, and strategic imperatives.

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Prominent Players:

• Netflix Inc.
• com Inc.
• Tencent Holdings Limited
• Baidu Inc.
• Comcast Corporation
• Hulu LLC.
• Ustream Inc.
• Kaltura Inc.
• Akamai Technologies
• Brightcove Inc

Market Analysis:

The Video Streaming Software Market is propelled by the rising utilization of smart technology, expanding internet user base, and a growing preference for VOD streaming. The pandemic-induced demand for virtual content, coupled with increased security and health safety compliances, has resulted in a surge in VOD and Over-The-Top (OTT) subscription fees. Video-as-a-service companies globally contribute to the market's expansion, driven by factors like buyer-reduced ownership and a burgeoning market for on-demand videos. However, complex network connectivity and the initial high cost of content creation pose challenges to market growth.

The Video Streaming Software Market is poised for unprecedented growth, driven by the surge in smart technology adoption, increased internet users, and the escalating preference for Video on Demand (VOD) streaming. The COVID-19 pandemic has further accelerated the market, with heightened demand for streaming services due to stay-at-home measures. This surge in demand is compelling businesses to adopt advanced video streaming software solutions, fostering the market's robust growth.

KEY MARKET SEGMENTS

By Streaming Type

• Live Streaming
• Video on Demand

By Deployment Mode

• On-Premise
• Cloud Based

By Delivery Channel

• Pay-Tv
• Internet Protocol
• Over-The-Top

By End-User Industry

• Media
• Entertainment
• Education
• Gaming
• Enterprise and Corporate
• Healthcare

By Streaming Type: Live Streaming dominates the global video streaming landscape, facilitating organized, secure, and efficient video delivery. It enables end-to-end monitoring, from collection to consumption, making it the preferred choice for organizations worldwide.
By Deployment: Cloud-based solutions lead the market's growth, offering cost reductions, content quality management, improved Return on Investment (ROI), and expanded customer bases. Large enterprises increasingly adopt Cloud-based video streaming solutions for scalability, while Small and Medium Enterprises (SMEs) find them cost-effective and accessible.
By End User Industry: Healthcare emerges as the sector with the highest projected Compound Annual Growth Rate (CAGR). Video streaming plays a crucial role in efficient communication of policy changes, compliance mandates, and live broadcasting of surgeries. The healthcare industry benefits from enhanced training opportunities, accountability, and overall treatment quality through video streaming.

Key Regional Development:

North America commands a 31.9% revenue share, dominating the global video streaming market, fueled by the explosive growth of cloud-based streaming services. Europe steadily grows due to increased online content consumption, with key players like Amazon Web Services and Netflix Inc. Asia Pacific anticipates the highest CAGR, driven by technological advancements, rising mobile device usage, and significant adoption of streaming services in countries like China, India, Japan, and Australia.

Key Takeaways:

• The Video Streaming Software Market is set to exceed USD 38.1 billion by 2030, fueled by global tech advancements.
• Live Streaming and Cloud-based deployment dominate, offering secure and cost-effective solutions.
• Healthcare emerges as the fastest-growing end-user industry, leveraging video streaming for communication and education.
• North America leads in revenue share, while Asia Pacific exhibits the highest growth potential.

Recent Developments:

• In April 2023, Akamai Technologies announced cloud computing capabilities for higher quality and personalized video experiences.
• In March 2023, Brightcove expanded E-Commerce integrations with Shopify, Instagram, and Salesforce Sales Cloud.
• In January 2023, IBM Watson Media added event registration features to enhance virtual events.
• In December 2022, Vbrick acquired Ramp Holdings, creating a comprehensive solution for flawless live and on-demand video delivery.

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Video Streaming Software Market: Challenges and Opportunities

Challenges:

• Content Delivery Challenges: Ensuring seamless content delivery, especially in regions with varying internet speeds and network infrastructures, poses challenges for video streaming software providers.
• Piracy and Copyright Concerns: Managing and preventing piracy, as well as addressing copyright concerns, remains a persistent challenge for the video streaming industry, requiring robust content protection measures.
• Device and Platform Fragmentation: The diverse range of devices and platforms used for video streaming introduces challenges in ensuring compatibility and consistent user experiences across different devices and operating systems.
• Data Security and Privacy: Addressing data security and privacy concerns related to user information and viewing habits poses challenges, necessitating compliance with data protection regulations.

Opportunities:

• Global Content Distribution: Opportunities arise from expanding global content distribution, reaching audiences in different regions through localized content and overcoming geographical restrictions.
• Integration of AI and Personalization: Opportunities exist in leveraging artificial intelligence for content recommendation and personalization, enhancing user engagement and satisfaction.
• Live Streaming and Interactive Features: Opportunities in offering live streaming capabilities and interactive features, such as chat and audience participation, to create more engaging and immersive viewing experiences.
• Partnerships and Original Content: Opportunities in forming partnerships and creating original content, including exclusive deals and collaborations, to differentiate platforms and attract a wider audience.

Successfully navigating these challenges and capitalizing on opportunities in the Video Streaming Software market requires a strategic approach, continuous technological innovation, and a keen understanding of user preferences and market dynamics.

Table of Contents:
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
…
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Company Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion

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