Cloud Video Streaming Market Business Revenue, Future Scope, Market Trends, Key
Posted by shweta raj on April 9th, 2021
Global Cloud Video Streaming Market, By Components (By Streaming Cloud Content), By Streaming Type (Live Streaming, Video on Demand, Video Hosting), By Cloud Deployment (Private Cloud, Hybrid Cloud), By Vertical (Media & Entertainment, Education, Government) - Forecast 2027
The cloud video streaming turns as a pillar for business operation and helps organizations modernize their daily operations, such as scheduling meetings, live table conference, interact internally with customers and many more. North America accounts for highest market share in cloud video streaming market due to the timely adoption of cloud based networks. The early adoption of BYOD is helping the North American market generate highest revenue. The growing IT management complexity combined with the capability to deploy new applications faster are the primary drivers for cloud based video services adoption in this region. Countries such as US, Canada and Mexico is generating highest revenue in cloud video streaming market.
The cloud video streaming market is growing rapidly over 18.9% of CAGR and is expected to reach at USD 16.6 billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Cloud Video Streaming Market Research Report -Forecast to 2027”.
The COVID-19 pandemic has disrupted activities and plans of corporations and organizations. Lockdown restrictions have enforced people to stay within their homes for curbing the spread of the disease. Cloud streaming providers are profiting of the event owing to customers opting for OTT services for their entertainment. Monumental increase in live streaming events and investments in streaming infrastructure are likely to favor the market growth over the forecast period.
Small players are employing a dynamic event orchestration for hosting the event and terminating the services post-event. Claro, a Brazilian media company, makes use of the technology for live streaming of motorsports and news to customers based on their location. Scale, speed, and flexibility are features of cloud computing that can push for the streaming services. High-demand events can be recorded with the service and ensure its monitoring in real-time.
The prominent players in the cloud video streaming market are- A-frame (U.K.), Amazon Web Services (U.S.), Encoding.Com (U.S.), Forbidden Technologies (U.K.), Haivision (U.S.), Microsoft (U.S.), Adobe Systems Incorporated (U.S.), Akamai Technologies, Inc. (U.S.), Sorenson Media (U.S.) among others.
Market Research Analysis:
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About the Authorshweta raj
Joined: July 2nd, 2020
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