The size of the global video streaming market was estimated at USD 1117.79 billion in 2032, and it is anticipated to register a CAGR of 15.67% from 2024 to 2032
Video Streaming Market to Demonstrate a Strong Growth Over 2032 | MRFR
Market Research Future has published a Cooked Research Report on the Global Video Streaming Market.
Global Video Streaming Market Outlook:
There is a boost in market growth as cloud-based solutions are adopted. This video streaming market trend is majorly inspected in North America and Europe. Exceptional video quality, ongoing innovations, and technological advancements are anticipated to meet the growing user expectations. The population is inclined towards multiple streaming services as various industries adopt digital media. The titans of standalone streaming are at risk from the expansion of technology and the number of service providers on the market.
Videos can be used efficiently in webinars and courses in the academic and educational industry to improve teaching and learning procedures. Visual records significantly impact students' capacity to remember knowledge. As a result, colleges, universities, and other educational institutions are now producing multimedia information and disseminating it via video presentations. The widespread use of live video streaming services for educational purposes is positively influenced by factors like the ease with which educational video content can be accessed, the rising demand for mobile devices, and the expansion of internet accessibility.
Regional Insights
In 2021, North America had the largest video streaming market share at 38.%. This was largely caused by the explosive growth of streaming services that use the cloud. Because so many people in Europe view online content, the region is anticipated to grow steadily. Asia-Pacific is anticipated to experience the highest CAGR during the forecast period due to the rising use of mobile devices and tablets, quickening technological development, and growing acceptance of online streaming.
The consumption of material by viewers in Asia-Pacific has changed due to over-the-top (OTT) solutions. The region's established telecommunications companies and multichannel operators have actively sought business innovation and advancement by employing cutting-edge marketing strategies like video streaming. Southeast Asian operators have increased their revenue options by providing video streaming multichannel services alongside fixed-mobile bundles due to the region's fastest-growing broadband internet population. The video streaming market share of Asia-Pacific is expanding as a result of these initiatives.
Market Segmentation
An analysis of the latest industry trends and opportunities in each sub-segments and revenue growth at global, regional, and country levels are provided by the video streaming market forecast from 2017 to 2030. Grand View Research divided the worldwide video streaming market research into segments for this study based on the following criteria: type of streaming, solution, platform, service, revenue model, deployment method, user, and region:Based on the type of streaming, the market is divided into live video streaming and non-linear video streaming.
Based on the solution, the sector is divided into internet protocol TV, over-the-top (OTT), and pay TV.Further, based on platform, the market is segmented into gaming consoles, laptops & desktops, smartphones & tablets, and smart TVs.Moreover, based on service, the market is fragmented into consulting, managed services, and training & support.Based on the revenue model, the market is divided into advertising, rental, and subscription.Based on user the market is divided into consumer and enterprise.
Key Players
The companies contributing to the video streaming market trends are:
- Akamai Technologies
- Amazon Web Services, Inc.
- Apple Inc.
- Cisco Systems, Inc.
- Google LLC
- Kaltura, Inc.
- Netflix, Inc.
- International Business Machine Corporation (IBM Cloud Video)
- Wowza Media Systems, LLC
- Hulu, LLC