Video Streaming Software Trends and Forecast
The future of the global video streaming software market looks promising with opportunities in the media & entertainment, BFSI, academia & education, healthcare, and government markets. The global video streaming software market is expected to reach an estimated $28.9 billion by 2030 with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are growing penetration of mobile devices and internet users, rising demand for multiscreen video-on-demand applications, and on-going advancements in video processing solutions.
• Lucintel forecasts that, within the streaming type category, live streaming will remain the larger segment over the forecast period due to growth in global use of smartphones and other smart devices.
• Within the end use category, healthcare is expected to witness the highest growth due to growing need for fast and efficient communication of frequent policy changes for timely dissemination and enforcement in highly regulated healthcare services.
• In terms of region, North America will remain the largest region over the forecast period due to presence of IT infrastructure and the existence of numerous businesses in the region.
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Emerging Trends in the Video Streaming Software Market
Constant changes in technology and consumer preferences are reshaping the industry. The following five trends are currently transforming the market:
• Rise of Ad-Supported Streaming: Ad-supported models offer users free or lower-cost options while providing revenue streams for platforms.
• Integration of AI and Machine Learning: AI and machine learning enhance content recommendations and user experience by offering personalized viewing and targeted advertising.
• Increased Live Streaming: Demand for real-time content, particularly in sports and live events, creates opportunities for live streaming services and interactive features.
• Expansion into Emerging Markets: Streaming services are expanding globally by offering localized content and affordable subscription models.
• Improved Mobile Streaming: Advances in mobile technology and 5G are enhancing streaming quality on mobile devices, driving high user engagement and encouraging the development of new apps.
These trends have significant implications for content delivery, user interaction, and market reach, shifting the focus of video streaming toward personalization, accessibility, and globalization.
Recent Developments in the Video Streaming Software Market
The video streaming software market is witnessing rapid growth, influenced by recent technological advancements and evolving consumer demand. Key developments include:
• Value Addition by Advanced Content Recommendation Systems: Improvements in AI are enabling advanced recommendation algorithms that enhance user satisfaction and engagement.
• Growth of Subscription Video-On-Demand (SVOD) Services: SVOD services are growing at a fast pace, driven by diverse content libraries and exclusive shows that boost subscriber acquisition and retention.
• Introduction of Hybrid Streaming Models: Hybrid models, which combine subscription and ad-supported options, offer viewers more flexibility and allow for audience segmentation.
• Increase in Original Content Production: Streaming platforms are investing heavily in original content to differentiate themselves and attract subscribers, promoting quality and variety in available media.
• Expansion of International Content Libraries: Platforms are broadening their content libraries for international audiences, enhancing program diversity and attracting global viewership.
These developments are pushing the video streaming software market toward greater personalization, a wider range of content, and innovative business models that shape the future of digital media consumption.
Strategic Growth Opportunities for Video Streaming Software Market
Advances in technology and shifts in consumer behavior are creating strategic growth opportunities across various applications in the video streaming software market.
• AI for Enhanced User Experience: AI-driven content recommendation and curation improve user interaction and satisfaction by providing a more personalized viewing experience.
• Expansion of Live Streaming Capabilities: Investing in live streaming infrastructure and interactive features creates new opportunities, especially in sports and real-time events that attract a diverse audience.
• Development of Niche Content Platforms: Platforms centered on niche genres or specific interests can capture dedicated user bases while limiting competition from more generalized services.
• Integration with Smart Home Devices: Streaming services integrated with smart home devices offer users added convenience, boosting engagement and consumption.
• International Market Penetration: Extending services to emerging markets with locally relevant content and affordable pricing models opens new avenues for revenue and user acquisition.
These growth opportunities are driving innovation and market expansion in video streaming, emphasizing improvements in user experience, content specialization, and globalization to meet diverse needs.
Video Streaming Software Market Driver and Challenges
Various technological, economic, and regulatory drivers and challenges impact the growth and strategy of the video streaming software market.
The factors responsible for driving the video streaming software market include:
• Technological advancements: Innovations in streaming technologies and infrastructure, such as 5G and AI, improve content delivery, fueling market growth.
• Increased internet penetration: Wide access to high-speed internet is expanding the potential user base for these services, driving further market growth.
• Rising consumer demand for on-demand content: The growing demand for on-demand content is pushing development and adoption across different regions.
• Investments in original content: High investments in exclusive and original content attract subscribers to platforms, fostering competition and market growth.
• Globalization of media: International expansion and global content availability open up market opportunities and cater to a diverse subscriber base, enabling global growth.
Challenges in the video streaming software market are:
• High market competition: Intense competition among streaming services drives pricing pressures, creating a continuous need for innovation to retain and attract subscribers.
• Content licensing and regulation issues: Complex licensing and regulatory challenges worldwide affect market access and service availability.
• High production costs: Producing high-quality original content is costly, creating financial pressures for streamers to maintain profitability.
Technological developments, along with increased consumer demand and greater regulation, are driving innovation in the online video streaming market. However, competitiveness and operational challenges are also intensifying.
List of Video Streaming Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies video streaming software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the video streaming software companies profiled in this report include-
• IBM
• Kaltura
• Brightcove
• Agile Content
• Haivision
Video Streaming Software by Segment
The study includes a forecast for the global video streaming software by component, deployment mode, streaming type, end use, and region.
Video Streaming Software Market by Component [Analysis by Value from 2018 to 2030]:
• Solutions
• Services
Video Streaming Software Market by Deployment Mode [Analysis by Value from 2018 to 2030]:
• On-Premises
• Cloud
Video Streaming Software Market by Streaming Type [Analysis by Value from 2018 to 2030]:
• Live Streaming
• Video-on-Demand Streaming
Video Streaming Software Market by End Use [Analysis by Value from 2018 to 2030]:
• Media & Entertainment
• BFSI
• Academia & Education
• Healthcare
• Government
• Others
Video Streaming Software Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Video Streaming Software Market
Recent trends in the video streaming software market reveal changing consumption habits and evolving technological and regional factors, shaping competition dynamics across major global markets.
• United States: The market is experiencing continuous evolution, with expansions in ad-supported streaming and increased investment in original content. Platforms like Netflix and Hulu are at the forefront of these trends.
• China: The rise of homegrown streaming players like Tencent Video and iQIYI, along with increased content regulation, significantly impacts market dynamics and content availability.
• India: Rapid growth in mobile internet access is driving the rise of affordable streaming options and regional content, with platforms like Hotstar and Amazon Prime Video seeing substantial user growth.
• Japan: Increased collaboration between global and local players, along with a focus on anime and localized content, is strengthening the market presence of services like Crunchyroll and Netflix Japan.
Features of the Global Video Streaming Software Market
Market Size Estimates: Video streaming software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Video streaming software market size by various segments, such as by component, deployment mode, streaming type, end use, and region in terms of value ($B).
Regional Analysis: Video streaming software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, deployment mode, streaming types, end uses, and regions for the video streaming software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the video streaming software market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
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Preguntas frecuentes
Q1. What is the video streaming software market size?
Answer: The global video streaming software market is expected to reach an estimated $28.9 billion by 2030.
Q2. What is the growth forecast for video streaming software market?
Answer: The global video streaming software market is expected to grow with a CAGR of of 15.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the video streaming software market?
Answer: The major drivers for this market are growing penetration of mobile devices and internet users, rising demand for multiscreen video-on-demand applications, and on-going advancements in video processing solutions.
Q4. What are the major segments for video streaming software market?
Answer: The future of the video streaming software market looks promising with opportunities in the media & entertainment, BFSI, academia & education, healthcare, and government markets.
Q5. Who are the key video streaming software market companies?
Answer: Some of the key video streaming software companies are as follows:
• IBM
• Kaltura
• Brightcove
• Agile Content
• Haivision
Q6. Which video streaming software market segment will be the largest in future?
Answer: Lucintel forecasts that live streaming will remain the larger segment over the forecast period due to growth in global use of smartphones and other smart devices.
Q7. In video streaming software market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to presence of IT infrastructure and the existence of numerous businesses in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the video streaming software market by component (solutions and services), deployment mode (on-premises and cloud), streaming type (live streaming and video-on-demand streaming), end use (media & entertainment, BFSI, academia & education, healthcare, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Video Streaming Software Market, Video Streaming Software Market Size, Video Streaming Software Market Growth, Video Streaming Software Market Analysis, Video Streaming Software Market Report, Video Streaming Software Market Share, Video Streaming Software Market Trends, Video Streaming Software Market Forecast, Video Streaming Software Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.