North America Video Streaming Software Market Set to Grow at over 23% CAGR until 2023
Enhancement
in audio and video compression techniques along with rise in data traffic
across smart devices to propel growth in North America video streaming software
market through 2023
According to TechSci Research
report, “North
America Video Streaming Software Market By Component, By Streaming Type, By Deployment Type, By End
User, By Country, Competition Forecast & Opportunities, 2013-2023’’, North
America video streaming software market is anticipated to grow at a significant
pace exhibiting a CAGR of over 23% during the forecast period. The growth of
the market is led by enhancements across mobile and broadband infrastructure and
rising developments in audio and video compression techniques across the region.
Moreover, increasing video streaming opportunities across various small &
medium enterprises, along with growing deployment of CDN (Content Delivery
Network) to boost quality and delivery of video content, is further expected to
propel growth in North America video streaming software market in the coming
years.
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Video streaming software developers are increasingly partnering with
other companies and third party distributors for offering enhanced video
streaming solutions across various end users across the region. Owing to easy and secure integration of on-premise
deployment type, its adoption is high in North America. However, with growing shift
of end users towards cloud to save their video content, market share of cloud
deployment type is expected to increase during forecast period. Brightcove, Inc., IBM Corporation, Haivision Systems,
Inc., Kaltura, Inc., Ooyala, Inc., Wowza Media Systems, LLC, etc., are the major
companies operating in North America video streaming software market.
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United States accounted for largest revenue
share in North America video streaming market, on the back of rising demand for
online audio & video streaming services, increasing penetration of internet
as well as smart devices across the country. “Rising
number of connected devices coupled with increasing deployment of video
analytics solutions and services is pushing demand for video streaming software
solutions & services across North America. 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 likely to boost North
America video streaming software market through 2023.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“North America
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 North America 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
inclinations along with major drivers, challenges and opportunities in North
America video streaming software market.
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