Rising Smartphone User Base to Aid Growth of Asia-Pacific Video Streaming Software Market: TechSci Research Report
Increasing demand for enhanced video compression techniques across various growing economies, along with enhancement of telecom infrastructure with launch of 2G/3G/4G services, to drive Asia-Pacific video streaming software market through 2023
According to TechSci Research report, “Asia-Pacific Video Streaming Software Market By Component, By Streaming Type, By Deployment Type, By End User, By Country, Competition Forecast & Opportunities, 2023’’, Asia-Pacific video streaming software market is anticipated to witness a CAGR of over 26% on account of increasing base of consumers using smart devices and internet. Moreover, rising development in the region’s telecom infrastructure is further likely to push demand for video streaming software across Asia-Pacific in the coming years. Additionally, the number of companies offering video streaming software has also witnessed a rise across Asia-Pacific over the last few years, and the trend is expected to continue during the forecast period.
On the basis of streaming type, Asia-Pacific video streaming software market is segmented into video on demand streaming and live streaming. Video on demand streaming dominated the market in 2017 and is likely to continue dominating during forecast period as well. However, deployment of live streaming type is expected to increase in the coming years across Asia-Pacific due to growing focus of various brands, influencers, publishers, etc., on showcasing their content live to the customers. Brightcove, Inc., IBM Corporation, Haivision Systems, Inc., Kaltura, Inc., Ooyala, Inc., etc., are the major companies operating in Asia-Pacific video streaming software market.
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Among countries, China accounted for the largest revenue share, on the back of surging internet penetration rate, rising technological and infrastructural advancements, and high demand for advanced video streaming solutions and services across the country. “Use of smart devices is increasing at a swift pace across Asia-Pacific region due to development in telecom infrastructure of various developing economies of the region. Consequently, the number of people watching videos online is also witnessing an increase, thereby boosting demand for enhanced video streaming services across the region. Moreover, growing exchange of online content across media & entertainment sector in different countries of Asia-Pacific region is further expected to propel demand for online video content, thereby further boosting Asia-Pacific video streaming software market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia-Pacific Video Streaming Software Market By Component, By Streaming Type, By Deployment, By End User, By Country, Competition Forecast & Opportunities, 2023” has evaluated the future growth potential of Asia-Pacific video streaming software market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in Asia-Pacific video streaming software market.
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