Global Video Streaming Software Market Report 2024: Growth Rate, Major Segments And Regions

The Video Streaming Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Video Streaming Software Global Market Report 2024, The video streaming software market size has grown rapidly in recent years. It will grow from $9.29 billion in 2023 to $10.96 billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to proliferation of high-speed Internet, rise of over-the-top (OTT) platforms, increased smartphone adoption, content digitization, global expansion of streaming services.

The video streaming software market size is expected to see rapid growth in the next few years. It will grow to $22.7 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to interactive and immersive content, global expansion of regional platforms, dynamic ad insertion, monetization strategies, social integration and interactive features. Major trends in the forecast period include cloud-based streaming solutions, multi-platform streaming, subscription model innovation, remote production and collaboration, integration of artificial intelligence (AI).

The growing demand for video-on-demand (VoD) streaming is expected to propel the growth of the video streaming software market going forward. The growth is driven by the emergence of VOD services such as Netflix, video communication platforms including Zoom, social platforms such TikTok, esports, and live streaming. For instance, in September 2023, according to Exploding Topics, a US-based software tool that uses artificial intelligence, the adoption of video streaming subscriptions in the United States has shown consistent growth, increasing to 83% in 2023, compared to 78% in 2021. Thus, the growing demand for VoD streaming will drive the growth of video streaming software.

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The video streaming software market covered in this report is segmented –
1) By Streaming Type: Live Streaming, Video-On-Demand Streaming
2) By Component: Solutions, Services
3) By Deployment: Cloud, On-Premise
4) By Vertical: Media And Entertainment, BFSI, Academia And Education, Healthcare, Government, Other Verticals

Major companies in the video streaming software market are focused on developing streaming applications, such as studio apps, to expand video capabilities and gain a competitive edge in the market. A studio app is a software application that provides tools and features for creating and producing multimedia content, often with a focus on audio, video, or graphic design. For instance, in May 2022, Pinterest, a US-based visual discovery engine for finding ideas, launched its TV Studio live streaming app for Android and iOS, allowing selected video creators to go live on the platform with multi-device support for different camera angles. The app, available to a limited group initially, requires users to enter a code or scan a barcode for access.

The video streaming software market report table of contents includes:
1. Executive Summary

2. Video Streaming Software Market Characteristics

3. Video Streaming Software Market Trends And Strategies

4. Video Streaming Software Market - Macro Economic Scenario

5. Global Video Streaming Software Market Size and Growth
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32. Global Video Streaming Software Market Competitive Benchmarking

33. Global Video Streaming Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Video Streaming Software Market

35. Video Streaming Software Market Future Outlook and Potential Analysis

36. Appendix

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