Global Video Streaming Market Report 2021-2028 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The ‘Global Video Streaming Market Size, Share and Trend Analysis Report by Type of Streaming, by Solution, by Platform, by Service, by Revenue Model, by Type of Deployment, By User, By Region & Segment Forecast, 2021-2028 “report was added to ResearchAndMarkets.com offer.

The global video streaming market size is expected to reach USD 223.98 billion by 2028, with a CAGR of 21.0%.

Growing technological advancements such as the implementation of blockchain technology in video streaming and the use of artificial intelligence to improve video quality are expected to drive the market demand during the forecast period.

In addition, the growing adoption of cloud-based video streaming solutions to increase the reach of video content is directly influencing growth. This trend is seen in many parts of North America and Asia-Pacific.

The reasons for the growth of the market are the rapid digitization, the increasing use of cellphones and tablets, and the growing popularity of online video streaming.

Factors such as the growing demand for video on demand and the tremendous growth of online video are the major growth drivers of the market. In addition, the increasing demand for high speed internet connectivity is an advantage for the growth of the market during the forecast period.

The growing acceptance of smartphones in combination with a wide range of high speed internet technologies such as 3G, 4G and LTE has drastically led to the increasing use of video streaming. In addition, the growing demand for devices that can support digital media is helping consumers to access media content anywhere in the world.

The market can be categorized, based on the type of streaming, as live video and non-linear video. Streaming content over the Internet and which can be viewed by the viewer in real time can be defined as live video streaming. Other key findings from the report suggest that a live video segment is expected to exhibit the highest growth during the forecast period.

On the other hand, the non-linear video segment is expected to grow during the forecast period mainly due to the growing demand for streaming content through the internet and viewable in real time.

Additionally, the COVID-19 outbreak is forcing people to stay indoors and confine themselves to their homes for an extended period of time. This situation should have a positive impact on the audience and engagement of video streaming services.

In addition, it has resulted in an increased need for entertainment, resulting in higher consumption of video streaming services. The audience of video streaming services has grown significantly across the world, several video streaming platforms including Netflix, Amazon Prime Video, YouTube, Disney + have recorded an increase in audience worldwide.

Highlights of the Video Streaming Market Report

  • Growing use of videos in corporate training and impact of video streaming in education industry is expected to drive market growth

  • Over-the-top Segment (OTT) is expected to grow at the highest CAGR during the forecast period

  • The Asia-Pacific regional market is expected to experience significant growth during the forecast period mainly owing to the increasing demand for high-speed internet connectivity and the growing demand for on-demand video streaming.

Market dynamics

Market factors

  • Significant growth in online video streaming and growing demand for on-demand streaming

  • Growing demand for high speed internet connectivity

  • Increase in the use of videos in company training

Market constraints

  • High cost of content creation

  • Network connectivity and technical difficulties related to video streaming

Market opportunities

  • Impact of video streaming in the education sector

  • Use of artificial intelligence in video streaming

  • Blockchain implementation in video streaming

The main market players are

  • Akamai Technologies

  • Amazon Web Services, Inc.

  • Google LLC

  • Microsoft Corporation

  • Netflix

  • Tencent

  • iQIYI, Inc.

  • Novi Digital Entertainment Pvt Ltd (Hotstar)

  • iflix

  • HOOQ

  • Rakuten Viki

For more information on this report, visit https://www.researchandmarkets.com/r/4f87oy


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