Video Streaming Software Market to Cross $10 Bn by 2023
Increasing
deployment of smart devices such as smart phones, tablets, etc., for video
streaming, along with high demand for establishing live interactions with
viewers across various sectors to driving global video streaming software market
through 2023
According to TechSci Research report, “Global Video Streaming Software Market
By Component, By Streaming Type, By Deployment Type, By End User, By Region,
Competition Forecast and Opportunities, 2013-2023”, the global video streaming software market is witnessing significant
growth and is projected to surpass $ 10 billion by 2023, on account of increasing
demand for video streaming across various smart devices as well as enhancements
across mobile and broadband infrastructures. Moreover, rising high speed
content delivery, increasing video streaming opportunities across various small
& medium enterprises, growing deployment of CDN (Content Delivery Network)
to boost quality and delivery of video content, etc., is further propelling
growth in video streaming software market, globally. Additionally, video streaming software
developers are also partnering with other companies and third party
distributors for offering enhanced video streaming solutions across various end
users across the globe.
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Owing to easy and secure
integration, on-premise deployment is dominating the global video streaming
software market. However, with growing inclination of end users towards cloud
to save their video content, market share of cloud deployment type is expected
to increase during forecast period. Among streaming types, video-on-demand is
dominating the global video streaming market and is expected to dominate during
the forecast year as well, majorly due to rising preference for online
broadcasting of TV shows, news, etc., instead of traditional broadcasting. A
large demand for video streaming emanates from broadcasters, operators, and
media, followed by large and small enterprises, education sector, etc. Education
sector is anticipated to be the fastest growing sector in the global video
streaming market during the forecast period.
“Rising number of connected devices and increasing deployment of virtual
reality for supporting 360 degree streaming of video is boosting deployment of video
streaming software solutions & services across the globe. Moreover, rising
adoption of 4K live streaming as well as emergence of next-generation formats
is anticipated to enhance performance of video content by neglecting redundant
data and offering high speed content delivery to the users, which is further expected
to steer growth in video streaming software market across the globe in the
coming years.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
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“Global
Video Streaming Software Market By Component, By Streaming Type, By
Deployment Type, By End User, By Region, Competition Forecast and
Opportunities, 2013-2023”
has evaluated the future growth potential of global video streaming software market
and provides statistics and information on market size, structure and future market
growth. The report offers decision makers superior market intelligence, thereby
enabling them conduct thorough investment appraisal. Besides, the report also analyzes the emerging trends along with drivers,
challenges and opportunities in the global video streaming software market.
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