MarketsandMarkets forecasts that video streaming market size is expected to grow to USD 7,507.7 million by 2022
MONTREAL, CANADA – September 11, 2017 – Haivision, a market leader in enterprise video and streaming solutions, announced today that MarketsandMarkets has named Haivision as a Vanguard in its vendor ranking in the Video Streaming Software Market Global Forecast report.
As a MarketsandMarkets’ Vanguard, Haivision is recognized as a market leading vendor that has a strong and established product portfolio, a very strong market presence, mature and reputable solutions and strong business strategies. In the ranking, Haivision received high scores for product offering, including breadth of offering, feature/functionality, delivery and support.
In the report, MarketsandMarkets forecasts that the video streaming software market is expected to grow from USD 3,253.3 million in 2017 to USD 7,507.7 million by 2022, at a CAGR of 18.2% during the forecast period.
“Haivision’s leadership in the video streaming market has been driven by more than 13 years of excellence in offering high quality streaming appliances used by broadcasters, enterprises and defense organizations worldwide,” said Mirko Wicha, chief executive officer, Haivision. “To continue our leadership and positively influence and disrupt the market, we’ve opened up our technology to the industry with our open source SRT initiative, making it widely adopted in every corner of the broadcast and internet streaming markets.”
Haivision will demo its award-winning video streaming solutions at IBC 2017 at stand 14.L16. To register for a demo, visit haivision.com.
MarketsandMarkets is a global market research and consulting company. It is World’s No. 1 in terms of premium market research studies published annually. Serving as a business intelligence partner to Fortune 500 companies across the world, it provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers seventeen industry verticals, including advanced materials, aerospace and defense, agriculture, automotive and transportation, biotechnology, building and construction, chemicals, energy and power, food and beverages, industrial automation, medical devices, mining, minerals and metals, packaging, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
Haivision, a private company founded in 2004, provides media management and video streaming solutions that help the world’s leading organizations communicate, collaborate and educate. Haivision is recognized as one of the most influential companies in video by Streaming Media and one of the fastest growing companies by Deloitte’s Technology Fast 500. Haivision is headquartered in Montreal and Chicago, with regional offices located throughout the United States, Europe, Asia and South America. Learn more at haivision.com.