Global video streaming software market expected to grow to USD 63.72 billion by 2033
From GlobeNewswire: 2024-06-05 02:00:00
The global video streaming software market is expected to grow from USD 12.83 billion in 2023 to USD 63.72 billion by 2033, with a CAGR of 17.38%. Video streaming software providers offer solutions for content creators, broadcasters, and platforms to deliver high-quality on-demand video experiences, though piracy may pose challenges. The live streaming segment is projected to dominate the market, with mobile devices experiencing the fastest growth.
North America currently holds the largest share of the global video streaming software market, with major players like Netflix and Amazon Prime Video shaping the industry. In contrast, the Asia Pacific region is expected to witness the fastest CAGR growth, driven by the increasing popularity of streaming services in countries like China, India, Japan, and Australia. The region’s telecommunications providers and multichannel operators are driving innovation in video streaming.
The market is highly competitive, with key players like Brightcove, IBM Corporation, and Kaltura offering a wide range of solutions for the video streaming software industry. Recent developments include collaborations between companies like Accedo, Brightcove, and Al Sharqiya Group to introduce Iraq’s first SVOD platform, providing Arabic-speaking viewers with premium content and live linear channels. This partnership aims to offer unique media solutions for customers in the Middle East.
Read more at GlobeNewswire: Global Video Streaming Software Market Size To Worth Exceed