Transforming Entertainment: The Future of the Video Streaming Software Market
The global video streaming software market size was estimated at USD 12.52 billion in 2023 and is expected to grow at a CAGR of 16.4% from 2024 to 2030. Rising demand for on-demand content is a primary driver for the market growth, with consumers increasingly favoring video-on-demand (VoD) services that offer convenience and flexibility. The proliferation of smart devices and enhanced internet infrastructure, particularly the global rollout of 5G, has revolutionized the streaming experience, enabling faster, smoother, and more accessible streaming across devices. Live streaming is also gaining popularity in sectors like gaming, sports, and e-commerce, where real-time interaction with audiences is crucial. Moreover, the rise of e-learning platforms and telehealth services has significantly increased the use of video streaming in education and healthcare. In the enterprise sector, businesses are adopting video solutions for internal communications, webinars, and corpo...