Home > Media & Technology > Media and Entertainment > Audio Video > Video Streaming Software Market

Video Streaming Software Market Trends

  • Report ID: GMI10346
  • Published Date: Jul 2024
  • Report Format: PDF

Video Streaming Software Market Trends

The increasing use of cloud-based solutions is one of the market's emerging trends for video streaming software. With the scalability, flexibility, and cost-effectiveness that cloud computing provides, streaming platforms may manage and distribute content without requiring a large amount of on-premises hardware. Content providers can increase their operational efficiency by using cloud-based video streaming software, which offers quick deployment, automatic updates, and seamless connection with other digital services.
 

Additionally, cloud solutions facilitate the transmission of material globally via material transmission networks (CDNs), guaranteeing minimal latency and excellent streaming quality for users everywhere. Cloud-based video streaming software is anticipated to continue driving market expansion and innovation as the demand for scalable streaming solutions increases.
 

An important development influencing the video streaming software market is the combination of AI and ML technologies. Video quality optimization, content moderation, personalized user experiences, and content suggestions are just a few of the ways that AI and ML algorithms are being used to improve streaming platforms. AI-powered analytics offer insightful information about how viewers behave, and which streaming services should be used to enhance engagement tactics, optimize content libraries, and increase revenue streams.
 

Furthermore, AI-powered video processing methods, such as facial recognition, real-time video analytics, and automated metadata creation, help with content management and operational efficiency. The incorporation of AI and ML capabilities into video streaming software is anticipated to propel competitive differentiation and improve the overall viewing experience as these capabilities advance.
 

Another developing trend in the video streaming software market is the proliferation of interactive and immersive content. Streaming platforms are progressively adding interactive elements, such as live conversations, polls, and viewer participation in real-time events, to increase viewer engagement and interaction. In addition, streaming experiences are incorporating technologies, such as Virtual Reality (VR) and Augmented Reality (AR), providing immersive 360-degree video content and interactive game experiences.
 

Broadcasters and content producers may offer distinctive and captivating experiences that set them apart from the competition in a competitive market. The market for video streaming software is predicted to develop and innovate owing to consumers' increasing need for more interactive and engaging content. This demand is being driven by the adoption of immersive technology.
 

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of video streaming software reached USD 12.2 billion in 2023 and is set to grow at a CAGR of over 15% between 2024 and 2032, backed by the need for Over-the-Top (OTT) services and widespread use of live streaming.

The service segment is expected to register a CAGR of 18% during 2024-2032, as these solutions support the delivery, management, and enhancement of video content.

North America market accounted for a revenue share of over 35% in 2023, due to the region's high internet penetration rate, broad use of cutting-edge technology, and rising demand for online content.

IBM, Akamai Technologies, Brightcove Inc., Vimeo, Kaltura, Haivision, and Wowza among others.

Video Streaming Software Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
 Download Free Sample