Middle East and North Africa Video Streaming Software Market : Market Research by Knowledge Sourcing Intelligence

The Middle East and North Africa video streaming software market is expected to witness a high CAGR of XX.XX% to reach US$XX.XXX million by 2023, from US$XX.XXX million in 2017 over the forecast period. Video is considered one of the most powerful means of communication. Moreover, rising demand for on-demand streaming and increasing use of video streaming in the corporate as well as education sector are considered as the key driving factors complementing the growth of the MENA video streaming software market. 
However, issues such as network connectivity and technical difficulties for video streaming are expected to hinder the growth of the MENA video streaming software market during the forecast period. Market Research is done by knowledge sourcing industry due to huge scope with respective industry.  
By streaming type, live streaming is expected to be the dominant segment due to the major social media websites incorporating live-streaming services coupled with the growing penetration of smart phones and other media devices. By solutions, transcoding and processing segment will show a significant growth owing to the increasing need for transcoding to deliver videos to a large number of end-users.


Middle East and North Africa Video Streaming Software Market
Sample View of Middle East and North Africa Video Streaming Software Market share
Middle East and North Africa Video Streaming Software Market Forecast by Region
The video streaming software market in MENA (Middle East and North Africa) region is segment as UAE, Saudi Arabia, Israel, Egypt, and others. Growing internet penetration rate in the region is boosting the demand for on demand videos and is thus increasing the demand for video streaming software in many countries of the region. For an instance, the internet users in Egypt have increased from 4,50,000 to 49,231,493 from 2000 to 2017 with an internet penetration rate of 49.5% (source: Internet World Stats). Over-The-Top (OTT) streaming services is boosting the market for video streaming software as more players are coming up with VOD (Video on demand) service. For an instance, Icflix, a MENA based video-on demand service has been launched in countries such as Nigeria, Zimbabwe, Tanzania, and Kenya so as to provide users with different content download and streaming options depending on the strength of their internet connection. Furthermore, burgeoning use of smart devices and internet are the key driving factors that are expected to boost the market for video streaming software in upcoming years. 
Middle East and North Africa Video Streaming Software Market
Sample View of Middle East and North Africa Video Streaming Software Market shareBy Region
Increasing interest of audiences in varied content (Arabic to Hollywood) is playing an important role in the increasing demand for on-demand videos and Live streaming. With Over-The-Top (OTT) streaming services, led by Netflix, gaining traction in the country, the demand for video streaming software is further increasing. The service is changing the business model for networks and television producers around the world. Certain Netflix content has been available to subscribers in Saudi Arabia since January 2016. Furthermore, in August 2017, regional network OSN has announced an online and mobile app entertainment platform called Wavo to give flexible pricing to its customers without any annual contract.
Moreover, this year is marked as a major milestone in Saudi Arabia’s digital transformation, as in April global technology company SAP announced the first live Public Cloud Data Center in the country, empowering Saudi Vision 2030 and beyond. Similarly, Maltese power company Enemalta and IP cloud operator Streamcast Technologies have entered into a partnership to build a €75m ($89m) underground data center in the south-eastern region of Marsa. Streamcast is a private IP cloud operator that currently powers wired and wireless operators to deliver on-demand video streaming, live events, VOIP, and video chat to over 33 million users across India, South East Asia, and MENA.
Request Free Sample Or Download Report:
Middle East and North Africa Video Streaming Software Market

For Information Communication and Technology Industry Coverage:
https://www.knowledge-sourcing.com/information-communication-and-technology
Location: Knowledge Sourcing Intelligence LLP, Galbatross Technologies LLP, H-140, Sector 63 Rd, Noida, Uttar Pradesh 201301, India

Comments

Post a Comment

Popular posts from this blog

Market Research Of Global Crop Protection Chemicals Market By Knowledge Sourcing Intelligence

Image
Introduction The global crop protection chemicals market was valued at US$63.816 billion in 2017 and is projected to expand at a CAGR of 6.17% over the forecast period to reach US$91.405 billion by 2023. The growing global population and the steady reduction in the arable land area are driving the growth of crop protection chemicals market. Rising investments in R&D to develop environment-friendly biopesticides and their rising adoption provides a great opportunity for crop protection chemical manufacturers to expand their market share, thus expected to propel the overall market growth in the coming years.    Rising global food insecurity is one of the major drivers of global crop protection chemicals market . Factors such as growing worldwide population, changing tastes and preferences, climatic changes, and increasing water scarcity across the globe are pressurizing governments all o...
Read more

Market Research Of Adhesive Tape Market By Knowledge Sourcing Intelligence

Image
Market Overview The adhesive tape market is projected to grow at a CAGR of 5.82% during the forecast period. The market size is expected to raech US$80.759 billion by 2023 from US$57.530 billion in 2017. Adhesive tapes are a combination of material and an adhesive film which are used for joining of the objects together instead of the use of fasteners, screws or through welding. APAC regional market will witness the highest CAGR between 2017 and 2023 majorly due to booming manufacturing of automotive and consumer electronics in countries like China and India. However, the volatility of raw material prices is hampering the growth of adhesive tape market during the forecast period. Rising construction of both residential and commercial buildings is another driver of the U.S. Adhesive Tape market. According to the Commerce Department, construction spending shot up to US$1.257 trillion in November 2017, up 2.4% annually, majorly due to favorable economic conditi...
Read more