The global video streaming market size is anticipated to exhibit remarkable growth owing to the advent and increasing popularity of digital video streaming worldwide. Video streaming, in simple terms, means the running of continuous media in a compressed audio and video form without waiting to download the content from the internet. The global video streaming market size stood at USD 342.44 billion in 2019 and is projected to reach USD 842.93 billion by 2027, exhibiting a CAGR of 12.0% during the forecast period.
“Content Delivery Services Segment to Cover Major Share Owing to their Impactful and Effective Features”
In 2019, the content delivery services segment earned 88.4% video streaming market share as they are majorly used in wildlife broadcasting, product and services promotions, and online classes, among others. Under this segment, the OTT services sub-segment is expected to rise remarkably on account of its low-cost and flexible model. This segment requires a minimum network infrastructure as compared to the high-cost support involved for streaming IPTV and pay-TV.
Media streamers and gaming consoles are the main hardware components used to connect the television with the internet for streaming videos. These devices are capable of organizing and accessing user’s media libraries using the same interface. The popular media streamers available in the market are Amazon Fire TV, Apple TV, Google Chromecast, Roku, among others. The demand and supply of these devices were high before Coronavirus pandemic hit. However, as the production facilities have been halted and logistics have slowdown across the globe, these devices are expected to witness a decline in production.
During the current COVID-19 pandemic, businesses in the streaming and e-commerce industry are experiencing significant growth in their customer base. The lockdown situation in many countries has urged people to work from home, which ultimately led to the massive use of communications, employee training, meetings, and webinars. Moreover, considering the education sector, according to a report published by Kaltura’s State of Video in Education, in 2019, 53% of education institutions make use of live streaming for school events, conferences, and lectures. However, this percent is expected to soar higher in the coming days owing to an uncertain lockdown period. Many schools and colleges have already started conducting online lectures, thereby bolstering the growth of the market. Thus, the businesses that have realized the importance of reaching their target audience through live videos are expected to drive their revenue streams in this tough situation.
Fortune Business Insights™ lists out the names of players providing these services in this market. They are as follows:
- Wowza Media Systems, LLC
- Walt Disney Company
- Roku, Inc.
- Netflix, Inc.
- Kaltura, Inc.
- IBM Corporation
- Google LLC
- Cisco Systems, Inc.
- Brightcove, Inc.
- AT&T, Inc.
- Apple, Inc.
View Recent Press Release For More Information:- https://www.marketwatch.com/press-release/video-streaming-market-analysis-2020-top-companies-portfolio-future-outlook-latest-trends-revenue-growth-analysis-regional-forecast-till-2027-2020-07-27
Regional Analysis for Video Streaming Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Video Streaming Market:
- Executive Summary
- Market Dynamics
- Key Video Streaming Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Video Streaming Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
Other Exclusive Reports:
Mobile Security Market to Gain Traction Exhibiting 14.65 CAGR by 2027; Increasing Adoption of Enterprise Mobility Globally to Spur Demand
Data Visualization Market to Reach USD 19.20 Billion by 2027; Rising Inclination towards Visual Analytics by Enterprises to Aid Growth
Wireless Microphone Market to Reach USD 3.60 Billion by 2027; Possession of Numerous Benefits to Augment Growth
AI-based Fever Detection Camera Market to Reach USD 2.19 Billion by 2027; Rising Deployment by Transport Authorities to Aid Growth
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245