According to a market research report "Video Streaming Software Market with COVID-19 Impact, by Component (Solutions (Video Distribution and Video Analytics) and Services), Streaming Type (Live Streaming and Video-on-Demand Streaming), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets, the global video streaming software market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period, to reach USD 17.5 billion in 2026 from USD 7.5 billion in 2021. Key factors that are expected to drive the growth of the market are theincreasing penetration of mobile devices and internet users, growing demand for VoD streaming, technological advancements in the digital media industry, and the growing need for transcoding to deliver videos to maximum users.