The North America Video Streaming Software Market would witness market growth of 14.1% CAGR during the forecast period (2021-2027).
Using videos and video streaming software, the cost of employee training can be reduced, and it can help in boosting the efficiency of corporate communications. Further, video streaming operates on the data streaming system, in which the video files get compressed and sent in a group to a requesting device. For streaming a video, a user requires a compatible video player for linking it to a server.
Some growth catalysts for the market are increasing demand for on-demand services, the rise in requirement for transcoding to provide videos to a huge number of end-users, and the high growth of online videos. Moreover, the growth of the market is further driven by the Increasing opportunities among SMEs, and the thriving education sector.
The increased number of smartphone users and high penetration of the internet are estimated to spur the growth of the regional video streaming software market in the coming years. In addition, the huge popularity of OTT media services would accelerate the demand for new video content, and thus, accelerating the demand for video streaming software in the region.
The Solutions market dominated the North America Video Streaming Software Market by Component 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,735.4 million by 2027. The Services market is expected to witness a CAGR of 16.3% during (2021 - 2027).
Based on Component, the market is segmented into services and solutions. Based on deployment, the market is segmented into On-premises and Cloud. Based on streaming type the market is segmented into Live Streaming and Video-On-Demand Streaming. Based on End User market is fragmented into media & entertainment, BFSI, academia & education, healthcare, government, and other verticals. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Video Streaming Software Market is Estimated to reach $18.09 billion by 2027, at a CAGR of 15.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Brightcove, Inc., Panopto, Inc., Kaltura, Inc., Vimeo.com, Inc. (IAC Group), Qumu Corporation, Haivision Systems Inc., Sonic Foundry, Inc., Plantronics, Inc. (Polycom, Inc.), and Vbrick Systems, Inc.
By Component
By Deployment
By Streaming
By End User
By Country
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