New Business Opportunities in Video Shopping Software/Services Market

Increasing integration of technologies such as Machine Learning (ML), Internet of Things (IoT), and Artificial Intelligence (AI) in video buying software/services is driving the expansion of the market.

The latest market report released by Credence Research, Inc.”Global Video Shopping Software/Services Market: Growth, Future Outlook and Competitive Analysis, 2016-2028”. The global video shopping software/services market generated around () billion USD in 2021 and is expected to grow at a CAGR of over ()% during the forecast period 2022 to 2028 to reach around () billion USD in 2028.

Video shopping is the practice of making purchases while streaming a video online. It also allows viewers to provide feedback while streaming. Growing consumer inclination towards online video streaming to research new products, make judgments and take action is one of the major drivers of the global video shopping software/services market. Over 90% of YouTube users discover new companies or products. Additionally, according to 31% of Millennials and Gen Z shoppers who shopped online, videos were the most helpful because they made the transaction easier.

Market growth is driven by increasing integration of technologies such as Artificial Intelligence (AI), Machine Learning, and Internet of Things (IoT) in the video shopping software/services market. It is expected that more people will use video shopping software and services due to the growing number of online retail businesses. Furthermore, market growth is expected to continue over the projection period owing to declining ancillary costs associated with online platforms and ease of conducting business online. The market for video buying software/services is also growing due to the increasing mobile phone penetration and the accessibility of 5G internet services via Wi-Fi or cellular networks across the globe. In 2021, there are already 236 million 5G subscriptions worldwide. By 2025, that number is expected to reach three billion subscribers. Governments are spending money on 5G to make public services hyperconnected. China, for example, has earmarked more than $30 billion for 5G research and development over the next five years. The European Commission, meanwhile, has earmarked $1 billion for 5G under its Horizon 2020 program. facilitate the affordable management of digital services.

Access the full report with (Drivers of growth, Forecasts, Covid Impact, Revenue, Market share, Players). Please visit: https://www.credenceresearch.com/report/in-video-purchase-software-services

North America and Europe are two key regions for players in the video buying software/services market. The growing number of online retailers is expected to increase in video shopping software/services due to the demand for online retailing among millennials. In addition, lower global cross-border trade barriers benefit sellers and consumers. businesses by enabling them to increase the reach of their products in multiple countries via e-commerce.

Why buy this report-

  • The report provides qualitative and quantitative analysis of the global video buying software/services market by segments, current trends, drivers, restraints, opportunities, challenges and market dynamics with the historical period from 2016 to 2020, base year to 2021 , and forecast period 2022-2028.
  • The report contains information relating to the competitive landscape such as how the major market players operate at the global, regional and country levels.
  • The Global Video Buying Software/Services Market report also includes global, regional and country level analysis, key market trends, analysis of significant players, market growth strategies and application areas. keys.

Access the full report with (Drivers of growth, Forecasts, Covid Impact, Revenue, Market share, Players). Please visit: https://www.credenceresearch.com/report/in-video-purchase-software-services

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