Rising Development in Telecom Infrastructure to Aid Growth of Middle East & Africa Video Streaming Software Market
Development
of broadband and telecom infrastructure across various sectors, rising demand
for online video streaming along with increasing smartphone and mobile data
penetration to boost Middle East & Africa video streaming software market
through 2023
According to TechSci Research
report, “Middle
East & Africa Video Streaming Software Market By Component, By
Streaming Type, By
Deployment Type, By End User, By Country, Competition Forecast &
Opportunities, 2013-2023’’, Middle
East & Africa video streaming software market is projected to grow at a
CAGR of over 25% on the back of rising penetration of mobile internet and
smart devices across the region. Moreover, number
of companies offering video streaming software solutions and services are
increasing across Middle East & Africa due to growing technological and
infrastructural advancements being witnessed across the region. Additionally,
increasing Over The Top (OTT) market, growing demand for enhanced online video
streaming services, and a shift towards online banking transactions due to
rising e-commerce and m-commerce market across the region is further expected
to boost Middle East & Africa video streaming software market in the coming
five years.
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East & Africa Video Streaming Software Market"
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On the basis of services, Middle East &
Africa video streaming software market is segmented into professional services
and managed services, of which the former dominates the market. With increasing
demand for video streaming software across MEA, there has been an increase in
competition among various sectors to offer advanced services to their
customers, which is boosting the deployment of consulting & analytics
services across the region. Consequently, professional services dominated
Middle East & Africa video streaming software market and is likely to
continue dominating during forecast period as well. Brightcove, Inc., IBM Corporation, Kaltura, Inc., etc., are the major companies
operating in Middle East & Africa video streaming software market.
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Among countries, UAE dominates Middle
East & Africa video streaming software market on account of rising internet penetration, growing economy and
increasing demand for advanced communication and entertainment services across
the country. “With rising inclination towards watching shows, events, etc., easily
and securely over the smart devices, the demand for video streaming services
has witnessed an increase across Middle East & African countries over the
last few years. Moreover, rising demand for live video streaming solutions and
services over social media and other online platforms would further steer
growth in Middle East & Africa video streaming software market
in the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Middle East & Africa Video Streaming Software
Market By Component, By Streaming Type, By
Deployment Type, By End User, By Country, Competition Forecast &
Opportunities, 2013-2023”
has evaluated the future growth potential of Middle East & Africa video
streaming software market and provides statistics and information on market
size, structure and future market growth. The report offers decision makers
market intelligence, thereby enabling them conduct thorough investment
appraisal. Besides, the report also analyzes the evolving market trends
as well as major drivers, challenges and opportunities in Middle East &
Africa video streaming software market.
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