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 Software 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).
Among the video streaming software services, the managedservices segment is expected to grow at a higher CAGR. SMEs are exhibitingincreased inclination toward third-party video streaming software vendors andoutsourcing their services to support business requirements and focus on corebusiness functions. This has resulted in higher demands for managed services.
Cloud deployment is expected to be the fastest-growingdeployment type in the video streaming software market, as cloud deployment isbeing increasingly accepted across various industry verticals. Cloud deploymentis easy and quick, and it provides the highest level of data security anddependability. The installation cost of cloud-based deployment is less than ofon-premises deployment.
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Live streaming is expected to be the fastest-growingstreaming type in the video streaming software market, as it is swiftly gainingtraction within organizations, and it assists businesses to engage theiraudiences in the real time via high-quality videos. Live streaming also helpcompanies in increasing viewership numbers and customer loyalty.
The education sector is expected to be the fastest-growingvertical in the video streaming software market, as video solutions areenhancing the classroom experience and increasing student engagement. Videosolutions are also helping colleges and universities to manage the videoresources collected from various sources from a single centralized location.
Asia Pacific (APAC) is expected to have the highest growthrate during the forecast period. Intrinsic strength, rapid economic growth, andan increase in the usage of video streaming platforms are expected to drive thegrowth of the APAC region. The developed countries in this region are expectedto experience significant growth because of greater technologicalinfrastructure. The developing countries are gradually adopting video streamingplatforms to advance operations and streamline business processes.
The major growth factors that are expected to further drivethe adoption of video streaming software include the increasing need fortranscoding to deliver videos to large numbers of end-users, extensive growthof online videos, and increasing traction of Video-as-a-Service (VaaS) amongenterprises.
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