Summary
The global Media Player Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview:
Media player software is a type of software used for playing multimedia computer files such as video and audio files. Media player software displays standard media control icons such as pause, play, fast-forward, back-forward, and stop buttons. It also displays a progress bar to locate the current position of the media file and a sound volume bar to adjust the volume level. Various media player software is available in the market including Windows Media Player, VLC Media player, QuickTime Player and Music, Google Play Music, Banshee, etc. The global media player software market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Market Driver:
Wide applications of video in corporate training coupled with increasing investments digital media players are expected to drive the growth of the global media player software market during the forecast period. Corporate organizations have started using video training as a major source of the training process. Video training offers better insights to employees and makes it simpler to understand the topic of discussion. Media player software offers various additional features from the standard ones including a variety of aspect ratios, conversion of audio or video files to any format, stream or download any YouTube videos, create bookmarks, capture a screenshot, etc. Therefore, these factors are expected to drive market growth over the forecast period. Furthermore, the growing deployment of media player software across restaurants, airports, retail stores, and shopping malls is expected to propel the global media player software market growth over the forecast period.
Market Restraint:
Availability of displays with in-built media player platforms that are based on a system on chip (SoC) is expected to hinder the global media player software market growth over the forecast period.
Regional Insight:
Among regions, North America is expected to witness significant growth in the global media player software market during the forecast period. This is owing to a rise in the use of media player software in entertainment, transportation, and the BFSI sector in the region.
Competitive Section:
Key players operating in the global media player software market are BaoFeng, VideoLAN, CyberLink, PotPlayer, Microsoft Corporation, ACG Player, JRiver, Inc., Gretech Corporation, Macgo Inc., Kodi, Cowon Systems, DivX Player, Apple Inc., Plex, ALLPlayer Group, PP Player, and QQPlayer.
Key players in the market are focused on product launches, in order to enhance the market presence. For instance, in April 2019, CyberLink released PowerDVD 19 for Windows computers.
The Media Player Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Media Player Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- VideoLAN
- PotPlayer
- ACG Player
- Gretech Corporation
- Kodi
- DivX Player
- Plex
- PP Player
- BaoFeng
- QQPlayer
- ALLPlayer Group
- Apple Inc.
- Cowon Systems
- Macgo Inc.
- JRiver, Inc.
- Microsoft
- CyberLink
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Media Player Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Media Player Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Media Player Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Media Player Software Market
The Media Player Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Media Player Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 are considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into the specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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