
The global video streaming software market stood at around USD2 billion in 2018 and is projected to grow at a CAGR of over +24%, to cross USD10 billion by 2023, on the back of mobile and broadband infrastructure enhancements, rise in data traffic across various smart devices and development of audio and video compression techniques, etc. across the globe. Moreover, increasing network bandwidth for fulfilling rising demand among users to view videos on multiple screens, growing deployment of video analytics as well as artificial intelligence for enhancing user experience and surging demand for video streaming across education sector are expected to boost global video streaming software market in the coming five years.