South America Video Streaming Software Market to Grow at Over 24% through 2023
Rising deployment of video
analytics across various sectors coupled with increasing
demand for online video content to fuel growth in South America video streaming
software market through 2023
According to TechSci Research
report, “South
America Video Streaming Software Market By Component, By Streaming Type, By Deployment Type, By End
User, By Country, Competition Forecast & Opportunities, 2013-2023’’, South
America video streaming software market is projected to witness a CAGR of more
than 24% during 2018-2023. Growth in the market can be attributed to increasing
penetration of smart devices and internet. Moreover, rising demand for online
video streaming has been witnessed across the region, which is further
contributing to the growing demand for video streaming software. Additionally, the
region is witnessing rising penetration of companies offering video streaming
software due to growing technological and infrastructural advancements. Rising
preference for video analytics across various end users across the region is
also expected to boost South America video streaming software market during the
forecast period.
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In services segment of South America video
streaming software market, professional services lead the market as the region is
witnessing rising competition across a range of sectors to offer advanced
services to their customers, which is boosting the deployment of consulting
& analytics services across the region. Consequently, professional services
dominated South America video streaming software market in 2017, and the
segment is anticipated to continue dominating during forecast period as well.
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Among countries, Brazil
dominates South America video streaming software market, on account of rising
user base of mobile devices and increasing penetration of OTT across the country.
“In
order to enable users to watch various shows, events, etc., on their mobile
devices that too easily and securely, the deployment of video streaming
services is likely to increase, thereby boosting the demand for enhanced video
streaming services across various sectors of the region. Moreover, rising
demand for live video streaming solutions and services over social media and
other online platforms is further anticipated to boost South America video
streaming software market during forecast period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“South 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 South 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 trends
along with major drivers, challenges and opportunities in South America video
streaming software market.
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