Video Streaming Software Market Size and Industry Forecasts for 2032

Tuesday, 23 July 2024, 06:09

The video streaming software market achieved a valuation exceeding USD 12.2 billion in 2023, driven primarily by the rising demand for Over-the-Top (OTT) services. With a projected compound annual growth rate (CAGR) of approximately 15% from 2024 to 2032, the industry is set for substantial growth. Leading companies like Brightcove and IBM are at the forefront of this transformation, shaping the future of internet video. In conclusion, the ongoing expansion in video streaming solutions indicates significant opportunities for stakeholders in the coming years.
Gminsights
Video Streaming Software Market Size and Industry Forecasts for 2032

Overview of the Video Streaming Software Market

The video streaming software market has surpassed USD 12.2 billion in 2023. This growth is primarily attributed to the increasing need for Over-the-Top (OTT) services.

Market Projections

Experts predict a CAGR of around 15% from 2024 to 2032, highlighting strong market momentum.

Key Players in the Industry

  • Brightcove
  • IBM

Conclusion

The continuous growth of video streaming solutions provides vast opportunities for stakeholders, indicating a dynamic evolution in the industry.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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