Rising Smartphone User Base to Aid Growth of Asia-Pacific Video Streaming Software Market
Increasing
demand for enhanced video compression techniques across various growing
economies, along with enhancement of telecom infrastructure with launch of
2G/3G/4G services, to drive Asia-Pacific video streaming software market
through 2023
According to TechSci Research
report, “Asia-Pacific
Video Streaming Software Market By Component, By Streaming Type, By Deployment Type, By End
User, By Country, Competition Forecast & Opportunities, 2023’’, Asia-Pacific
video streaming software market is anticipated to witness a CAGR of over 26% on
account of increasing base of consumers using smart devices and internet. Moreover,
rising development in the region’s telecom infrastructure is further likely to
push demand for video streaming software across Asia-Pacific in the coming
years. Additionally, the number of companies offering video streaming software has
also witnessed a rise across Asia-Pacific over the last few years, and the
trend is expected to continue during the forecast period.
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On the basis of streaming type, Asia-Pacific video
streaming software market is segmented into video on demand streaming and live
streaming. Video on demand streaming dominated the market in 2017 and is likely
to continue dominating during forecast period as well. However, deployment of live
streaming type is expected to increase in the coming years across Asia-Pacific
due to growing focus of various brands, influencers, publishers, etc., on
showcasing their content live to the customers. Brightcove, Inc., IBM Corporation, Haivision Systems, Inc.,
Kaltura, Inc., Ooyala, Inc., etc., are the major companies operating in Asia-Pacific
video streaming software market.
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Among countries,
China accounted for the largest revenue share, on the back of surging internet penetration rate, rising technological
and infrastructural advancements, and high demand for advanced video streaming solutions
and services across the country. “Use of smart devices is increasing at a swift pace across Asia-Pacific
region due to development in telecom infrastructure of various developing
economies of the region. Consequently, the number of people watching videos
online is also witnessing an increase, thereby boosting demand for enhanced
video streaming services across the region. Moreover, growing exchange of
online content across media & entertainment sector in different countries
of Asia-Pacific region is further expected to propel demand for online video
content, thereby further boosting Asia-Pacific video streaming software market.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Asia-Pacific Video Streaming Software Market By
Component, By Streaming Type, By Deployment, By End User,
By Country, Competition Forecast & Opportunities, 2023”
has evaluated the future growth potential of Asia-Pacific 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 evolving market trends
along with drivers, challenges and opportunities in Asia-Pacific video
streaming software market.
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