Video Streaming Software Market: Market Research by Knowledge Sourcing Intelligence
Video Streaming Software Market: Transcoding
and Processing Segment Projected to have a Significant Market Share
Drivers and restraints of Video
Streaming Software Market
The increasing consumption of transcoding
services for video streaming online is expected to increase the video
streaming software market size. A rapid expansion of Video-as-a-service
(VaaS) enterprises worldwide also contribute to the growth of the global video
streaming software market. The market of video streaming software is driven by
factors such as low-cost ownership for buyers, extensive growth of online
videos and a growing market for on-demand videos. However, issues
such as network connectivity and technical difficulties for video streaming
will hinder the video streaming software market growth.
Market Segmentation
By solutions, the market is segmented into
transcoding and processing, video management, video delivery, and distribution,
video security, video analytics, and others. The transcoding and processing the segment is projected to have a significant market share of the global video
streaming software market over the next five years owing to increased traction
for online video streaming and the adoption of cloud-based transcoding by companies.
The video Analytics segment is expected to grow at the highest CAGR during
2019-2024 as VaaS enterprises seek optimization of services for end-user for an
enhanced experience. Video analytics vendors focusing on expanding respective
market share by product innovation and focusing on providing a 360-degree view
of habits and preferences of end-users to meet the strategic goals of
enterprises accordingly. By services, the market is segmented into professional
services, consulting service, integration and deployment services, training and
support services, and managed service. The consulting segment is expected to
rise at a substantial rate as the industry is witnessing strong
competition. Video streaming software consulting firms are continuously improving
performances of VaaS enterprises to increase their market share. The consulting
segment along with the training and support segment is enabling the enterprises
to include the latest technologies to improve end-user experience. By streaming
type, the market is segmented into live streaming and video-on-demand
streaming. The live streaming segment is expected to have a significant share
due to a surge in demand as many major social media websites are incorporating
live-streaming services. Globally, on-demand streaming will also grow
exponentially due to the increase in the number of companies are accessing the
services. By Deployment, the market is segmented into on-premise, and cloud. By
vertical, the market is segmented into media and entertainment, BFSI,
education, healthcare, government, and others.
Geographically, North America is expected
to have a significant share of the global video streaming software market share. The video streaming software market in the US will continue to
expand due to factors such as large-scale investments in video streaming
software and services, institutional partnerships, and collaborations with
various networks. Moreover, in developed countries such as the U.S. and Canada,
there has been a high adoption rate of video streaming technology among firms
for marketing their brand or launching a new product.
Competitive intelligence shows that the video streaming software market is fragmented
with hundreds of manufacturers. The players are expanding globally to mirror
their customers’ requirements. As a result, they are increasingly integrating
with other players. The key players include Wowza Media Systems, LLC, Sonic
Foundry, Inc., Kollective Technology, Inc., Ooyala, Inc., Haivision, Inc.,
International Business Machines Corporation(IBM), Kaltura, Inc., Panopta LLC,
Polycom, Inc., Vbrick, Qumu Corporation.
Key Questions Answered in This Report:
- What are the key regions having a significant market share of
the market?
- What are the drivers and restraints of the market?
- Who are the key market players in the market?
- Which are the industries using Video streaming software?
- What is the market segmentation of the video streaming software
market?
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