Video Streaming Software Market worth $ 17.5 billion in 2026
According to a research report "
Video Streaming Software Market with COVID-19 Impact , by Component ( Solutions ( Video Distribution and Video Analytics ) and Services ), Streaming Type ( Live Streaming and Video-on- Demand Streaming ), Vertical , and Region - Global Forecast to 2026 " published by MarketsandMarkets , the global video streaming software market size is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 18.5 % during the forecast period , to reach USD 17.5 billion in 2026 from USD 7.5 billion in 2021 . Key factors that are expected to drive the growth of the market are theincreasing penetration of mobile devices and internet users , growing demand for VoD streaming , technological advancements in the digital media industry , and the growing need for transcoding to deliver videos to maximum users . These factors are driving the demand for video streaming software .
Based on component , the video streaming software market is segmented into two categories : solutions and services . The solutions segment to hold a larger market size during the forecast period . Video streaming solutions enable organizations to centralize , manage , and securely deliver videos . Video streaming solutions help manage all the activities , from capturing to ingestion to the final delivery , on end-user devices . Video capturing , batch and programmatic uploading , automatic transcoding , inside video searching , video editing , Digital Rights Management ( DRM ), encryption , monetization , APIs , video player , video collaboration , and broadcast monitoring are the key features of video streaming solutions . These solutions provide various benefits , such as low latency video streaming , reduced distribution cost , lower downtime , and faster transcoding speed for enterprise customers . All these factors contribute to the rising adoption of video streaming solutions .
Cloud deployment mode segment to grow at a higher CAGR during the forecast period .
Cloud-based video streaming platforms provide multiple advantages , such as low operational expenses , easy deployment , scalability , and easy collaboration . This interests both large enterprises and SMEs . Due to the rise in the number of smartphone users , major players are focusing on offering handy and easily accessible solutions for platforms . Large enterprises and SMEs are deploying cloud-based video streaming platforms primarily for the flexibility these platforms offer . With cloud-based video streaming platforms , organizations can easily minimize their upfront costs , manage content quality , increase their Return on Investment ( RoI ), and broaden their customer base . Hence , large enterprises are gradually adopting cloud-based video streaming solutions . SMEs are also significantly adopting cloud-based video streaming solutions , as these cloud-based solutions are scalable and require low capital investment .
Academia and Education segment is expected to grow at a higher CAGR during the forecast period .
With every new day , the number of internet users consuming visual content is on the rise , and the use of video streaming services for the education sector is increasing . Live educational video streaming and live education broadcasting could prove to be great engagement tools and can educate , share knowledge , and conduct training programs . Video is increasingly popular in the education sector . In universities , middle schools , businesses , and