Media Coverage

Enterprise Video Market Definition And Segments

Enterprise video refers to the use of video technology within businesses and organizations for communication, training, marketing, and collaboration purposes. Its primary aim is to enhance internal and external communication, streamline processes, and drive engagement and productivity within the enterprise setting. The main types of solutions in enterprise video are video conferencing, video content management, and webcasting. Video conferencing solutions enable real-time visual communication between individuals and groups, facilitating remote meetings and collaboration. Services such as integration and deployment, managed service, and professional service are deployed in the cloud and on-premises modes for use in several applications, including corporate communications, training and development, marketing, and client engagement by end-users such as information and technology (IT) and telecom, banking, financial services, and insurance (BFSI), healthcare and life sciences, media and entertainment, education, retail and consumer goods, and others. The enterprise video market covered in this report is segmented – 1) By Solution: Video Conferencing, Video Content Management, Webcasting 2) By Services: Integration And Deployment, Managed Service, Professional Service 3) By Deployment: Cloud, On-premises 4) By Application: Corporate Communications, Training And Development, Marketing And Client Engagement 5) By End-User: Information And Technology (IT) And Telecom, Banking, Financial Services And Insurance (BFSI), Healthcare And Life Sciences, Media And Entertainment, Education, Retail And Consumer Goods, Other End-Users The enterprise video market size has grown rapidly in recent years. It will grow from $19.72 billion in 2023 to $22.02 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increased internet penetration, a shift to remote work, growth in video streaming services, rising demand for on-demand video content, enhanced user experience, cost reduction in video production, corporate training and communication needs, and the and the expansion of e-learning platforms. The enterprise video market size is expected to see rapid growth in the next few years. It will grow to $34.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to 5G network expansion, increased adoption of hybrid work models, demand for high-quality video content, growth in virtual and augmented reality, enhanced cybersecurity measures, and the and the expansion of cloud-based video solutions. Major trends in the forecast period include increased use of AI and machine learning, rising demand for ultra-high-definition video, integration of virtual and augmented reality, a focus on enhanced video security, the proliferation of cloud-based video platforms, and greater emphasis on personalized content.

Remote Work And Collaboration Driving Enterprise Video Market Growth

The increasing demand for remote work and collaboration is expected to propel the growth of the enterprise video market going forward. Remote work and collaboration refer to individuals or teams working together seamlessly from different locations using digital tools and technologies. Remote work and collaboration are rising due to advancements in technology, changing work preferences, and the need for flexibility amidst global events such as the COVID-19 pandemic. Enterprise video in remote work and collaboration serves to bridge the gap between geographically distributed teams by enabling effective communication, virtual meetings, and shared access to knowledge resources, thereby fostering productivity and cohesion among remote workers. For instance, in February 2022, according to a study published by AT&T, a US-based telecommunications company, the percentage of companies adopting a hybrid model of work where workers will do both remote work and work from the office is projected to increase from 42% in 2021 to 81% in 2024. the increasing demand for remote work and collaboration is driving the growth of the enterprise video market. Major companies operating in the enterprise video market are Google LLC, Microsoft Corporation, Verizon Communications Inc., Huawei Technologies Co. Ltd., Amazon Web Services (AWS), Hewlett-Packard (HP), International Business Machines Corporation (IBM), Cisco Systems Inc., Adobe Systems Incorporated, Computer Sciences Corporation (CSC), Zoom Video Communications Inc., Citrix Systems Inc., Avaya Inc., Polycom Inc., Alcatel-Lucent SA, GoTo Technologies USA Inc., Brightcove Inc., Kaltura Inc., Lifesize Inc., BlueJeans Network Inc., JW Player, Vidyo Inc., Vbrick Systems Inc., Kollective Technology Inc., Panopto Inc., Qumu Corporation, Wistia Inc., BigMarker, Mediasite by Sonic Foundry

AI Video Analytics Advancements In Enterprise Video Market

Major companies operating in the enterprise video market are focused on technology and analytics integration such as AI video analytics, to analyze video data and extract valuable insights for security, operations, marketing, and decision-making purposes. AI video analytics in enterprise video optimizes video content, enhances security, and provides actionable insights through advanced data analysis and machine learning algorithms. For instance, in May 2023, Claro Enterprises Solutions, a US-based telecommunications company, launched AI video analytics. The advantages of AI video analytics include enhanced security, operational efficiency, customer experience optimization, and cost savings through automated video analysis and insights. AI video analytics advancements revolutionize surveillance and security systems by employing artificial intelligence algorithms to analyze video data, enabling real-time threat detection, behavior analysis, and enhanced decision-making capabilities.

Praxedo Acquires ViiBE To Enhance Video Assistance Solutions

In April 2023, Praxedo, a France-based software development company, acquired ViiBE communication for an undisclosed amount. With this acquisition, Praxedo aims to enhance remote support capabilities, improve customer service, and streamline field operations through integrated video assistance solutions. ViiBE Communication is a France-based software development company offering enterprise-grade visual support solutions. North America was the largest region in the enterprise video market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise video market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the enterprise video market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The enterprise video market consists of revenues earned by entities by providing services such as corporate training videos, video production services, e-learning video platforms, webinar hosting, and virtual event management. The market value includes the value of related goods sold by the service provider or included within the service offering. The enterprise video market also includes sales of live streaming platforms, video analytics tools, webinar solutions, video production equipment, video editing software, and video collaboration tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The enterprise video market research report is one of a series of new reports from The Business Research Company that provides enterprise video market statistics, including enterprise video industry global market size, regional shares, competitors with a enterprise video market share, detailed enterprise video market segments, market trends and opportunities, and any further data you may need to thrive in the enterprise video industry. This enterprise video market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Music Visualizer Market Definition And Segments

A music visualizer is a graphical representation of audio data accompanying music playback, creating synchronized visual effects that respond to the audio's rhythm, frequency, and amplitude. It enhances the listening experience by providing a dynamic and immersive visualization of the music being played. Music visualizers come in various forms, from simple animations to complex 3D graphics, and can be integrated into music player software, media players, live performances, or standalone applications. The main products of music visualizer are cloud-based, and on-premises. Cloud-based refers to a computing model where resources, such as servers, storage, databases, applications, and services, are hosted and delivered over the Internet by third-party providers. It includes technology such as virtual reality, augmented reality, and mixed reality, for application in small and medium-sized enterprises, and large enterprises. It is used for end-users such as the music industry, entertainment industry, and educational institutions. The music visualizer market covered in this report is segmented – 1) By Product: Cloud-Based, On-Premises 2) By Technology: Virtual Reality, Augmented Reality, Mixed Reality 3) By Application: Small And Medium-sized Enterprises, Large Enterprises 4) By End-User: Music Industry, Entertainment Industry, Educational Institutions The music visualizer market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.16 billion in 2024 at a compound annual growth rate (CAGR) of 30.9%. The growth in the historic period can be attributed to the popularity of music streaming platforms, the evolution of digital media players, the growth of electronic dance music (EDM) culture, the expansion of gaming and entertainment industries, and increased accessibility of visualization tools. The music visualizer market size is expected to see exponential growth in the next few years. It will grow to $0.46 billion in 2028 at a compound annual growth rate (CAGR) of 31.1%. The growth in the forecast period can be attributed to personalization and customization features, expansion of smart home ecosystems, collaborations with visual artists and designers, the emergence of blockchain-based music platforms, and focus on accessibility and inclusivity. Major trends in the forecast period include real-time machine learning algorithms, immersive 3d visualization techniques, interactive gestural interfaces, blockchain integration for royalty tracking, and dynamic content generation.

Music Streaming Service Popularity Fuels The Music Visualizer Market Growth

The increasing popularity of music streaming services is expected to propel the growth of the music visualizer market going forward. Music streaming services allow users to listen to music online, providing access to a vast catalog of songs on-demand or through curated playlists. The growing popularity of music streaming services is due to convenience, affordability, extensive music libraries, personalized recommendations, offline listening capabilities, and accessibility across multiple devices. Music visualizers enhance the listening experience by providing synchronized, dynamic visualizations that complement the audio playback in music streaming services platforms. For instance, in March 2024, according to a report by the International Federation of the Phonographic Industry, a UK-based organization that represents the interests of the recording industry, In 2023, the count of paid subscriptions to music streaming services reached a milestone, exceeding 500 million for the first time and total number of paid subscription accounts surpassed 667 million users. Further, in 2022, global revenues from subscription streaming witnessed a notable growth of 10.3%, totaling US$12.7 billion. Therefore, the increasing popularity of music streaming services is driving the growth of the music visualizer market. Major companies operating in the music visualizer market are Apple Inc., Adobe Inc., Synesthesia, Renderforest, Magic Music Visuals, VSDC, Winamp, Ventis Media, PotPlayer, Veed Limited, SoundSpectrum, KVR Audio Marketplace, Kapwing, VideoLAN, Resolume, Videobolt, MilkDrop, SongRender, Trapp, VZX Music Visualizer, Sonic Visualiser, Specterr, musicvid.org

Advancement For Enhancing The Music Visualizer Experience

Major companies operating in the music visualizer market focus on developing innovative visualizer tools, such as beat detection, to gain a competitive advantage. Beat detection refers to analyzing the audio signal to identify and extract the rhythmic elements, such as the beats, tempo, and timing of a piece of music. This information is then used to synchronize visual effects with the underlying music, creating visualizations that pulsate, change, or react in time with the music's beat and rhythm. For instance, in January 2024, NANOLEAF, a Canada-based consumer electronics company, revealed Orchestrator software at CES 2024, offering captivating color and light shows with precise real-time analysis and beat detection., synchronized light shows, and multi-user experiences. Orchestrator directly connects to the computer's sound source for unparalleled accuracy, generating dynamic light displays perfectly synchronized with personal playlists and favorite songs. Orchestrator intelligently responds to beats, melodies, and audio spectrum, creating mesmerizing visuals with unmatched precision.

LyricFind Expands Into Video Creation Market With Acquisition Of Rotor Videos

In December 2023, LyricFind, a Canada-based lyric licensing and data services company, acquired Rotor Videos for an undisclosed amount. This acquisition allows musicians to make various videos, including music videos and visualizers and expands LyricFind's portfolio into the video creation market. Rotor Videos is a UK-based music video maker that offers tools to assist musicians in producing high-quality music and visualizer videos. North America was the largest region in the music visualizer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the music visualizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the music visualizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The music visualizer market consists of revenues earned by entities by providing web-based visualizers, mobile visualizers, live performance visualizers, and custom visualization services. The market value includes the value of related goods sold by the service provider or included within the service offering. The music visualizer market consists of sales of web-based visualizers, and mobile apps that are designed to create synchronized visual displays with audio input. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The music visualizer market research report is one of a series of new reports from The Business Research Company that provides music visualizer market statistics, including the music visualizer industry global market size, regional shares, competitors with music visualizer market share, detailed music visualizer market segments, market trends, and opportunities, and any further data you may need to thrive in the music visualizer industry. These music visualizer market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Video Streaming Market Definition And Segments

Video streaming refers to the process of delivering video content over the internet in real time, allowing viewers to watch videos without downloading them to their device first. This technology enables users to access a wide range of video content, including movies, TV shows, live events, and user-generated content, from various devices such as smartphones, tablets, computers, and smart TVs. The main components of video streaming are software, and content delivery services. Software refers to a set of instructions or programs that enable a computer or other electronic device to perform specific tasks. The various types include video-on-demand, live video streaming with various revenue models such as subscription, pay-per-view, premium purchases, advertisement-based revenue model, and others that are used by various end users such as residential, commercial The video streaming market covered in this report is segmented – 1) By Component: Software, Content Delivery Services 2) By Type: Video On-Demand, Live Video Streaming 3) By Revenue Model: Subscription, Pay Per View, Premium Purchases, Advertisement-Based Revenue Model, Other Revenue Models 4) By End User: Residential, Commercial The video streaming market size has grown exponentially in recent years. It will grow from $575.72 billion in 2023 to $699.91 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The growth in the historic period can be attributed to increased demand for encoders, rise in demand for on-demand streaming, increased demand for video streaming services in colleges, universities, high time spent online, increased usage of videos in corporate training. The video streaming market size is expected to see exponential growth in the next few years. It will grow to $1,546.27 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%. The growth in the forecast period can be attributed to rising consumer expenditure on media and entertainment, rising sales of mobile phones, increasing internet connections, increasing recognition of OTT platforms, rise in live-streamed content. Major trends in the forecast period include advancement in video streaming technology, introduction of innovative platforms, implementation of blockchain in video streaming, advancement in AI, demand for video streaming software.

Growing Media And Entertainment Demand Fuels Expansion Of The Video Streaming Market

The rising demand for media and entertainment is expected to propel the growth of the video streaming market going forward. Media and entertainment refers to a broad industry encompassing various forms of content creation, distribution, and consumption aimed at informing, entertaining, and engaging audiences. The demand for media and entertainment has been on a significant rise, driven by several key factors such as shift in consumer behavior, content diversity, social media influence, and innovative content delivery. Video streaming provides flexibility, convenience, and diverse content offerings within media and entertainment platforms, including broader audience reach, cost-effective distribution, valuable data insights, multiple revenue streams, and enhanced viewer engagement. For instance, in January 2024, according to Digital Entertainment and Retail Association ERA, a US-based organization, UK spending on music streaming subscriptions, vinyl records, and compact discs (CDs) grew by 9.6% in 2023 from 5% in 2022. Additionally, the UK entertainment market grew by 7% throughout 2023. Therefore, rising consumer expenditure on media and entertainment drives the video streaming market. Major companies operating in the video streaming market are Amazon Prime Video, Netflix Inc., Paramount, Discovery Communications Inc., Hulu LLC, Disney, iQIYI Inc., Apple TV, Viaplay Group AB, DAZN Group, YouTube, Hotstar, Crunchyroll Inc., Tubi Inc., Kaltura Inc., Viki Inc., SonyLIV, Sling TV LLC, Funimation Productions Ltd., Pluto TV, Peacock, BritBox, Acorn TV, Voot, Shudder LLC

Enhancing Video Streaming Experiences With Adaptive Video Optimization Technology

Major companies operating in the video streaming market are focused on developing innovative technologies, such as adaptive video optimization technology, to ensure a seamless and optimized streaming experience for users across various platforms and devices. Adaptive video optimization technology utilizes advanced algorithms to dynamically adjust video quality based on network conditions, device capabilities, and available bandwidth. This ensures optimal viewing experiences, maintaining high-quality video playback even in challenging network environments. For instance, in May 2024, Agora, a US-based company that offers video streaming services, launched Adaptive Video Optimization (AVO) along with support for the AV1 video codec. It employs a range of sophisticated machine-learning algorithms to tackle prevalent issues. It dynamically adjusts video quality, considering network conditions, device capabilities, and bandwidth availability. Further, it ensures top-notch video quality and optimal performance, even in fluctuating network environments.

Microsoft Enhances Live Streaming Capabilities For Microsoft Teams Through Acquisition of Peer5

In August 2021, Microsoft Corporation, a US-based software company, acquired Peer5 for an undisclosed amount. With this acquisition, Microsoft Corporation aimed to enhance its business communication platform by improving live streaming capabilities for large-scale virtual events and meetings. Peer5 is a US-based company that offers video streaming services. North America was the largest region in the video Streaming market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video streaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the video streaming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The video streaming market includes revenues earned by entities by providing services such as video streaming for consulting, video streaming for managed services, subscription video on demand and video streaming for training & support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The video streaming market research report is one of a series of new reports from The Business Research Company that provides video streaming market statistics, including the video streaming industry's global market size, regional shares, competitors with a video streaming market share, detailed video streaming market segments, market trends, and opportunities, and any further data you may need to thrive in the video streaming industry. This video streaming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Webtoons Market Definition And Segments

Webtoons are digital comics or graphic novels primarily distributed and read online. They are typically optimized for viewing on smartphones or computers, often employing a vertical scrolling format that allows for easy reading on mobile devices. Webtoons originated in South Korea and have gained popularity worldwide due to their accessibility and diverse genres and styles. The main product types of webtoons are subscription-based based, advertisement-based. Subscription-based categories refer to those that require users to pay a fee or subscribe to access content. The various genres include action, science fiction (sci-fi), horror, comedy, romance, and others that are used in various applications such as mobile phones, personal computers (PCs) or notebooks, tablet computers, and others. The webtoons market covered in this report is segmented – 1) By Product: Subscription Based, Advertisement Based 2) By Genre: Action, Science Fiction (Sci-Fi), Horror, Comedy, Romance, Other Genres 3) By Application: Mobile Phone, Personal Computer (PC) Or Notebook, Tablet Computer, Other Applications The webtoons market size has grown exponentially in recent years. It will grow from $6.33 billion in 2023 to $8.24 billion in 2024 at a compound annual growth rate (CAGR) of 30.3%. The growth in the historic period can be attributed to increased popularity of digital comics and online storytelling platforms, rise in prevalence of smartphones, increased demand for mobile-friendly and easily accessible entertainment content, increased trend towards digitalization, rise in content digitization and mobile first consumption. The webtoons market size is expected to see exponential growth in the next few years. It will grow to $23.94 billion in 2028 at a compound annual growth rate (CAGR) of 30.6%. The growth in the forecast period can be attributed to rising adoption of digital platforms and devices, rising growth of mobile based subscriptions, increasing demand for webtoons owning to the mobile phone, PC/notebook, tablet computer, increasing internet users, increasing diversity in genres and themes. Major trends in the forecast period include technological advancement, new product innovation, mergers and acquisitions, partnerships between broadcasting networks, expansion of licensed content.

Energizing Development The Mutually Beneficial Association Of Digital Platforms And Webtoons

The rise of digital entertainment platforms is expected to propel the growth of the webtoon market going forward. Digital entertainment platforms refer to online services that provide various forms of entertainment content, such as streaming movies, TV shows, music, podcasts, and video games. The rise in digital entertainment platforms is due to cost efficiency, consumer demand, and enhanced data utilization. Webtoons are utilized in digital platforms for entertainment with a versatile and engaging content form that can attract a broad audience, foster community, offer monetization opportunities, and enhance user experience, in 2023, Netflix (a US-based subscription video-on-demand over-the-top streaming service and webtoons provider) saw a 6.6% year-on-year increase in revenue, reaching $33.7 billion. Additionally, the company's net income rose by 20.4% to $5.4 billion, and its subscriber base expanded to 238.3 million worldwide. Therefore, the rise of digital platforms is driving the growth of the webtoons market. Major companies operating in the webtoons market are NAVER Corporation, Kakao Corporation, Bilibili Inc., KRAFTON Inc., NETMARBLE Corporation, KIDARISTUDIO Inc., D&C Media Co.Ltd., Manta Media Inc., Shueisha Inc., Toomics Global Co. Ltd., RIDI Corporation, NHN Comico Corporation, Lezhin Entertainment LLC, Mr. Blue Corporation, Sidewalk Group, TappyToon, Tapas Media, NETCOMICS INC., Webtoon Factory, Foxtoon, Seven Seas Entertainment Inc., Cross Infinite World, Mangatoon HK Limited

Creative Serialized Fiction Apps Revolutionizing Webtoon Storytelling

Major companies operating in the webtoons market are focused on developing innovative products, such as serialized fiction apps, to gain a competitive edge. A serialized fiction app is a platform where stories are released in installments, often on a regular schedule, with various features such as push notifications for updates, bookmarking, and community interaction. For instance, in October 2022, NAVER WEBTOON Ltd., a US-based innovative storytelling platform, launched Yonder, a premium, curated app for serialized fiction. The app offers a premium, curated experience featuring hundreds of titles across genres. Yonder works with publishers to revitalize backlists and optimize stories for the platform. The app is free on Android and will soon be available on iOS devices. Yonder uses a pay-what-you-read model, allowing readers to explore and discover stories in a new way.

Broadening The Scope Of The Spanish-Language Entertainment Partnership Between Wattpad And Zeta Studios

In July 2022, Wattpad, a US-based multi-platform entertainment company, partnered with Zeta Studios. This partnership aims to develop Spanish-language web novels in Latin America and Spain for TV, film, and theatrical releases, expanding their audiovisual presence in Spanish-speaking regions. Zeta Studios is a Spain-based company offering webtoons for various genres and TV network projects. Asia-Pacific was the largest region in the webtoons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the webtoons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the webtoons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The webtoons market includes revenues earned by entities through digital and print sales of webtoon series, webtoon series and episodes, premium content, and exclusive releases. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The webtoon market research report is one of a series of new reports from The Business Research Company that provides webtoon market statistics, including webtoon industry global market size, regional shares, competitors with a webtoon market share, detailed webtoon market segments, market trends, and opportunities, and any further data you may need to thrive in the webtoon industry. This webtoon market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Live Streaming Pay-Per-View Market Definition

Live streaming pay-per-view (PPV) encompasses digital services enabling content providers to monetize live broadcasts by charging viewers a fee to access specific events or content online. The live streaming pay-per-view market consists of sales, by entities (organizations, sole traders and partnerships), of live streaming pay-per-view solutions and services that are utilized across various sectors, such as sports, media, entertainment and education, providing a real-time viewing experience that can be accessed globally. The technology behind live streaming PPV involves broadcasting live content through the internet, where it can be watched on numerous devices such as smartphones, tablets, computers and smart TVs (televisions), effectively broadening the reach and engagement beyond traditional venue limits.

Audio Plug-In Software Application

An audio plug-in software application, also known as a plug-in, is a piece of software designed to work with digital audio workstations (DAWs) or other audio software to enhance or modify audio signals in a variety of ways, such as introducing effects, processing sounds, or creating new sounds entirely. This software application enables users to edit and manipulate audio recordings or synthetic sounds to achieve certain artistic or technical objectives. The main types of audio plug-in software applications are editing, mixing, and recording. Editing is the process of manipulating and refining audio recordings by modifying components such as volume, pitch, and timing to obtain the intended results, and audio plugins are necessary for fine-tuning and improving audio tracks before final production. The software is categorized as on-premise and cloud-based for operating systems such as Windows and Mac operating systems (OS) used by end-users such as professionals, audio engineers and mixers, songwriters and production teams, electronic musicians, artists or performers, education institutes, music studios, and others. The audio plug-in software applications market covered in this report is segmented – 1) By Type: Editing, Mixing, Recording 2) By Software: On-Premise, Cloud-Based 3) By Operating System: Windows, Mac Operating System (OS) 4) By End-User: Professionals Or Audio Engineers And Mixers, Songwriters And Production teams, Electronic Musicians, Artists Or Performers, Education Institutes, Music Studios, Other End-Users The audio plug-in software application market size has grown rapidly in recent years. It will grow from $4.34 billion in 2023 to $4.94 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to the need for better sound quality in mobile devices, the demand for inventive and specialized instruments, increased demand for professional audio production, the expansion of the gaming industry, and increased demand for audio plug-in software applications. The audio plug-in software application market size is expected to see rapid growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to the growing adoption of digital audio workstations, the growing trend of virtual concerts, the rising trend of live streaming and video blogging, the rising popularity of home recording studios, and the and the growing need for high-quality audio production. Major trends in the forecast period include technological advancement, AI-powered audio augmentation, subscription-based models, cloud-based processing, and the and the integration of machine learning and AI algorithms in audio plug-ins.

Driving Growth of Audio Plug-In Software Applications with High-Definition Audio

The growing demand for high-definition audio is expected to propel the growth of audio plug-in software applications going forward. High-definition audio refers to audio technology that offers higher quality, fidelity, and resolution than standard audio format. The demand for high-definition audio is growing as it provides superior sound quality compared to standard audio formats. Audio plug-ins that leverage high-definition audio processing can enhance audio recordings' clarity, fidelity, and realism, making them more appealing to musicians, producers, and audio engineers. For instance, in 2021, in a survey of 6000 smartphone users by Qualcomm, an American manufacturer of semiconductor devices, software, and technologies, 55% of the respondents agreed that they were likely to subscribe to an HD streaming service, and 53% of the respondents were looking for either high-resolution or lossless audio quality. Moreover, 51% of the respondents agreed that sound quality was the most important factor when buying wireless earbuds. Therefore, the increasing demand for high-definition audio drives the audio plug-in software applications market. Major players in the audio plug-in software application market are Apple Inc., Avid Technology Inc., Magix Software GmbH, Universal Audio, Steinberg Media Technologies GmbH, Image Line Software, Arturia SA, Eventide Inc., PreSonus Audio Electronics Inc., Waves Audio Ltd., Native Instruments USA Inc., NCH Software, Softube, HoRNet SRL, Antares Audio Technologies, Plugin Alliance, Soundtoys, Blue Cat Audio, FabFilter, Slate Digital, Sonnox, MeldaProduction, Cableguys, and Acon Digital AS

Futuristic DAW Plug-ins Revolutionize Remote Collaboration In Audio Production

Major companies operating in the audio plug-in software application market are focused on developing audio collaboration plug-ins to engage in remote collaboration with top-notch streaming capabilities. Audio collaboration plug-ins facilitate real-time collaboration among multiple users within a digital audio workstation (DAW), allowing them to collaborate remotely on music production projects by sharing audio tracks, virtual instruments, and effects in a synchronized environment. For instance, in March 2024, Ginger Audio, a US-based company that offers advanced audio solutions, launched an authentic audio collaboration plug-in. The plug-in provides a talkback functionality feature that allows collaborators to speak with one another via a talkback system, ensuring that everyone is on the same page during the collaboration process. The authentic audio plug-in enables an unlimited number of connections, allowing multiple contributors to join in a single session. The plug-in supports binaural rendering, which allows collaborators to hear how their spatialized audio will sound on platforms. This plug-in is compatible with VST3, AAX, and AU plug-in hosts, making it available to a diverse set of users.

DiGiCo's Acquisition Of Fourier Audio Elevates Audio Plug-In Innovation In Live Sound

In October 2023, DiGiCo, a UK-based designer and manufacturer of digital mixing consoles and other audio technologies, acquired Fourier Audio for an undisclosed amount. This acquisition aims to integrate high-quality, studio-grade audio processing capabilities into the live sound pipeline, allowing engineers and artists to deliver more dynamic and engaging live performances. Fourier Audio is a UK-based provider of audio plug-in software applications. North America was the largest region in the audio plug-in software application market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in audio plug-in software application report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the audio plug-in software application market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The audio plug-in software application market consists of revenues earned by entities by providing services such as audio effects processing, real-time processing and performance, stereo imaging, noise reduction and restoration, and spatial audio processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The audio plug-in software application market also includes sales of effects plug-ins, utility plug-ins, virtual instruments, pitch correction and time manipulation plug-ins. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The audio plug-in software application market research report is one of a series of new reports from The Business Research Company that provides audio plug-in software application market statistics, including audio plug-in software application industry global market size, regional shares, competitors with a audio plug-in software application market share, detailed audio plug-in software application market segments, market trends and opportunities, and any further data you may need to thrive in the audio plug-in software application industry. This audio plug-in software application market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Cloud Music Services Market Definition And Segments

Cloud music services refer to platforms that allow users to store, access, and stream music from remote servers over the internet. These services typically offer features such as playlist creation, personalized recommendations, offline listening, and social sharing capabilities where users upload music libraries to the cloud or access vast libraries of songs offered by the service, enabling convenient on-demand listening across various devices without the need for local storage. The main types of cloud music services are mobile, download, and others. Mobile cloud music services refer to applications that enable users to stream and store music from the cloud directly on their mobile devices. For locations such as entertainment, commercial, and others for the end uses such as individual use and commercial use. The cloud music services market covered in this report is segmented – 1) By Type: Subscription, Mobile, Download, Other Types 2) By Locations: Entertainment, Commercial, Other Locations 3) By End Use: Individual Use, Commercial Use The cloud music services market size has grown rapidly in recent years. It will grow from $16.37 billion in 2023 to $18.45 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to internet penetration, smartphone proliferation, digitalization of music, expansion of streaming platforms, advancements in connectivity, and integration with smart devices. The cloud music services market size is expected to see rapid growth in the next few years. It will grow to $30.19 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to AI and personalization, global expansion, integration with VR and AR, enhanced audio quality, monetization models, user-generated content, and social integration. Major trends in the forecast period include the rise of live performances, collaborative playlist curation, music discovery algorithms, personalized concert experiences, and integration with fitness and wellness platforms.

Smartphone Demand Fuels Growth Of Cloud Music Services Market

The rising demand for smartphones is expected to propel the growth of the cloud music services market going forward. Smartphones are handheld mobile devices integrating various features such as communication, internet access, multimedia capabilities, and computing functions. The increasing demand for smartphones is due to their versatility, convenience, and constantly evolving features, meeting diverse communication, entertainment, and productivity needs. Smartphones utilize cloud music services to stream and store music files remotely, enabling users to access vast libraries of songs, create playlists, and enjoy seamless playback experiences across multiple devices. For instance, in February 2024, according to a report published by Uswitch Limited, a UK-based price comparison service, there were 71.8 million mobile connections in the UK, a 3.8% increase from 2021. Further, it is anticipated that by 2025, 95% of the UK's 68.3 million residents will be using smartphones. Therefore, rising demand for smartphones is driving the growth of the cloud music services market. Major companies operating in the cloud music services market are Amazon.com Inc., Apple Inc., Google LLC, NetEase Inc., Spotify Technology S.A., iHeartMedia Inc., Tencent Music Entertainment Group, Pandora Media Inc., SoundCloud Limited, Deezer SA, Vevo LLC, ASPIRO AB, TuneCore Inc., Bandcamp Inc., Amuse.io AB, Mixcloud Limited, Beatport LLC, Saavn Media Pvt Ltd., Rdio Inc., Gaana.com

Key Players Innovations Transforming Cloud Music Services Market

Major companies operating in the cloud music services market are focusing on developing AI-based music services to enhance user experience and engagement. AI-based music services are cloud music services that utilize algorithms to personalize recommendations, create playlists, and improve user experiences based on listening habits and preferences. For instance, in January 2022, Ganna, an India-based music streaming app, launched Gaana for Artists, a new app designed to empower artists by offering real-time audience insights from Gaana's vast user base 180 million. It provides transparent data on song streams, top cities for listeners, and performance analytics to understand audience preferences better.

SiriusXM Acquired Cloud Cover Music

In January 2022, SiriusXM, a US-based audio entertainment company, acquired Cloud Cover Music for an undisclosed amount. With this acquisition, SiriusXM will enable the integration of resources, enhancing the range of offerings to cater to businesses of various sizes. It also significantly broadens Cloud Cover Music's clientele. Cloud Cover Music is a US-based business streaming music service. North America was the largest region in the cloud music services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud music services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cloud music services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The cloud music services market includes revenues earned by entities providing services such as streaming, offline listening, cross-device syncing, social integration, high-quality audio streaming, lyrics integration, customization, integration with smart devices and voice assistants, podcasts and audio content, and subscription tiers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cloud music services research report is one of a series of new reports from The Business Research Company that provides cloud music services market statistics, including the cloud music services industry's global market size, regional shares, competitors with a cloud music services market share, detailed cloud music services market segments, market trends and opportunities, and any further data you may need to thrive in the cloud music services industry. This cloud music services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Music Production System Market Definition And Segments

A music production system refers to a collection of hardware and software tools that are used to record, edit, mix, and produce music and audio tracks. It offers a platform for musicians and audio professionals to create professional-grade music and audio productions. The music production system aims to simplify the music-making process by providing a variety of tools and features that help to create professional-quality music. The main products of music production systems include software, hardware, and services. Software refers to computer programs that allow users to compose, edit, mix, and produce music digitally. It serves a variety of applications, including recording studios, home studios, and live performances, and is sold through several distribution channels, such as online and offline. It is used by various end users, such as musicians, producers, and educational institutions. The music production system market covered in this report is segmented – 1) By Type: Software, Hardware, Services 2) By Application: Recording Studios, Home Studios, Live Performance 3) By Distribution Channel: Online, Offline 4) By End User: Musicians, Producers, Educational Institutions The music production system market size has grown strongly in recent years. It will grow from $5.90 billion in 2023 to $6.42 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to the increased adoption of DJ software, expansion of streaming services, growth of the digital audio production industry, the emergence of budget-friendly music production systems, and growth in the number of home studio setups. The music production system market size is expected to see strong growth in the next few years. It will grow to $9.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the growing popularity of digital audio content, the increasing demand for professional audio equipment, the increasing demand for multi-track recording capabilities, the rising of ai-generated music, increasing usage of audio systems for live events. Major trends in the forecast period include cloud-based music production systems, AI-driven tools, mobile integration, exploration of blockchain technology, and a shift towards subscription-based pricing models.

Digital Audio Content Enhances The Music Production System Market Growth

The growing popularity of digital audio content is expected to propel the growth of the music production system market going forward. Digital audio content refers to sound recordings, music, or any other type of audio material that has been digitized and stored in a digital format. Various factors contribute to the need for digital audio material, such as convenience, the proliferation of smart devices, and audiobooks. Music production systems are utilized in the creation, editing, and manipulation of digital audio content for various media applications. Music producers use digital audio content such as recorded instrument tracks, samples, loops, and synthesizer patches to build musical arrangements, melodies, harmonies, and rhythms. For instance, in June 2023, according to WordsRated, a US-based non-commercial organization, over $1.81 billion was generated through audiobook sales (a type of digital audio content that consists of a recording of a book) in the United States in 2022. These sales grew by 3.43% compared to 2021. Therefore, the growing popularity of digital audio content is driving the growth of the music production system market. Major companies operating in the music production system market are Apple Inc., Sony Group Corporation, Yamaha Corporation, Symphony Technology Group (STG), Magix Software GmbH, Ableton AG, Universal Audio, Steinberg Media Technologies GmbH, Image Line Software, Arturia SA, Serato, PreSonus Audio Electronics Inc., Celemony Software GmbH, Waves Audio Ltd., Native Instruments USA Inc., NCH Software, Acoustica Inc., Tracktion Software Corporation, Renoise, Cockos Incorporated, BandLab Technologies, Bitwig GmbH, MuTools, MOTU Inc., and Zynewave.

Revolutionizing Music Production With Advancements In Music Production

Major companies operating in the music production system market are focused on developing solutions using advanced technological solutions, such as artificial intelligence (AI) music production software plugin tools, to assist music producers in composing new pieces of music. An AI music production software plugin tool refers to a specialized software component or module that integrates artificial intelligence (AI) technology into digital audio workstations (DAWs) or music production software to enhance the creative process, automate tasks, and generate musical elements. For instance, in November 2023, DigiTraxAI, a US-based music AI company, launched KR38R PRO, the first AI music production software plugin tool. This application integrates with major digital audio workstations (DAWs) and strong algorithms for producing, remixing, and modifying musical compositions, resulting in a more streamlined workflow. This tool has motion and flow sliders for dynamic control over music, as well as a central dice button for randomization, allowing musicians to explore virtually endless musical possibilities. KR38R PRO is the outcome of seven years of human-AI collaboration, with music theory serving as the fundamental invention, providing composers and producers with instantaneous creative possibilities.

Symphony Technology Group Acquires Avid Technology Inc. To Revolutionize The Music Software Landscape

In November 2023, Symphony Technology Group, a US-based private equity firm, acquired Avid Technology Inc. for $1.4 billion. This acquisition was aimed at altering the landscape of the music system, paving the way for increased innovation and improved offers for musicians, producers, and composers worldwide. This deal provides Avid with STG's financial resources and strategic skills, allowing it to improve its position as a producer of music production systems. Avid Technology Inc. is a US-based provider of digital non-linear music production software and hardware. North America was the largest region in the music production system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the music production system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the music production system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The music production system market consists of revenues earned by entities by providing services such as sample libraries, plug-ins and effects, sound libraries, music production courses, and studio services. The market value includes the value of related goods sold by the service provider or included within the service offering. The music production system market also includes sales of products such as computers, studio monitors, microphones, rack-mounted gear, and audio interfaces. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The music production system market research report is one of a series of new reports from The Business Research Company that provides music production system market statistics, including the music production system industry global market size, regional shares, competitors with music production system market share, detailed music production system market segments, market trends, and opportunities, and any further data you may need to thrive in the music production system industry. These music production system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.