USD 180+ Bn Global Video Streaming Market Size is Expected to Grow at a CAGR of over 20.7% During 2022-2028 | Vantage Market Research

WASHINGTON, Sept. 05, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research published a report, titled, "Video Streaming Market Size, Share & Trends Analysis Report by Streaming Type (Live Video Streaming, Non-Linear Video Streaming), by Solution (Internet Protocol TV, Over-the-Top (OTT), Pay-TV), by Platform (Gaming Consoles, Laptops & Desktops, Smartphones & Tablets, Smart TVs), by Service (Consulting, Managed Services, Training & Support), by Revenue Model (Advertising, Rental, Subscription), by Deployment Type (Cloud, On-Premises), by User (Enterprise, Consumer), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”. According to the report, the global Video Streaming industry generated $58.3 Billion in 2021, and is anticipated to generate $180.2 Billion by 2028, witnessing a CAGR of 20.7% from 2022 to 2028.

Global Video Streaming Market finds that the increase in adoption of smartphones and the rise in usage of the OTT platform, Netflix, and YouTube are anticipated to enhance the growth of the Global Video Streaming Market during the forecast period.

Key Industry Findings & Insights from the report:

• The global Video Streaming Market was valued USD 58.3 Billion in 2021 and is all set to surpass USD 180.2 Billion by 2028, exhibiting a CAGR of 20.7% during the forecast period 2022-2028.
• In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
• In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
• The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
• Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Video Streaming industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.
  

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Market Dynamics:

Driver:

Increased Demand for Video on Demand (VoD) Streaming Services to Drive Market Growth

The expanding number of video-on-demand services users worldwide because of the growth in consumer spending on media & entertainment is expected to drive the Video Streaming Market growth. Furthermore, the rise in the adoption of digital media across industries has led the population toward several streaming services. Therefore, many leading Video Streaming Market services or Video Streaming Market software providers have augmented in recent years owing to the high adoption of streaming media, streaming apps, and Over-the-Top (OTT) content by consumers.

The utilization of the internet and the number of public using the internet witnessed an increase during the pandemic, consequently giving Video Streaming Market platforms a high amount of customers due to the content being uploaded by content creators and film producers on streaming media. Moreover, various shows initially based on television or for free changed to their upcoming seasons on a Video Streaming Market platform. Also, with the change regarding online education, numerous Ed-Tech platforms saw a sharp growth in their consumers, which surged the global market of Video Streaming Market.

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Rising Penetration of Mobile Devices along with Internet Users to Fuel the Market Growth

There is a worldwide increase in media consumption in the digital format. In addition, the rising number of devices capable of supporting digital media and the increasing access to high internet speed give customers a choice to access the media content of their preference, be it entertainment, information, or social activity, anytime & anywhere. Mobile devices have become the favored medium of online media among all digital devices. The smartphone industry has observed exceptional growth in recent years owing to the high usage of smartphones worldwide. Moreover, the online video trend is blowing up the internet traffic generated at a high rate. It will account for almost 60 percent of internet traffic by 2021.

Furthermore, with better networks and superior access to the internet, multimedia service-capable mobile devices, and an application development ecosystem, more media consumption is taking place through digital platforms. This, in turn, is fuelling the growth of the Video Streaming Market.

Segment Analysis:

• Streaming Type
  • Live Video Streaming
  • Non-Linear Video Streaming
• Solution
  • Internet Protocol TV
  • Over-the-Top (OTT)
  • Pay-TV
• Platform
  • Gaming Consoles
  • Laptops & Desktops
  • Smartphones & Tablets
  • Smart TVs
• Service
  • Consulting
  • Managed Services
  • Training & Support
• Revenue Model
  • Advertising
  • Rental
  • Subscription
• Deployment Type
  • Cloud
  • On-Premises
• User
  • Enterprise
  • Consumer
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The report on Video Streaming Market highlights:

• Assessment of the market
• Premium Insights
• Competitive Landscape
• Historic Data, Estimates, and Forecast
• Company Profiles
• Global and Regional Dynamics

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Regional Analysis:

North America Dominated the Global Video Streaming Market

North America dominated the Global Video Streaming Market in 2021 and is anticipated to continue the same trend during the forecast period. This can be attributable to growth factors such as the growing penetration of the internet, smartphone, and modern computers, the rapid growth of cloud-based streaming services, and the presence of top market players. Furthermore, Canada and U.S. are the major contributors to the North America region. The rising number of users for video-on-demand and video gaming platforms across Canada and the U.S. are responsible for the regional market expansion. Moreover, the United States observed a robust growth in its customer base, which uses Subscription Video on Demand (SVOD), OTT platforms, Internet Protocol TV (IPTV), and Video Streaming Market services like Netflix, Apple TV+, Amazon Prime Video, and Hulu, to name a few. As a result, these factors will likely fuel the market growth during the forecast period.

List of Prominent Players in Video Streaming Market:

• 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

Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on "Video Streaming Market Size, Share & Trends Analysis Report by Streaming Type (Live Video Streaming, Non-Linear Video Streaming), by Solution (Internet Protocol TV, Over-the-Top (OTT), Pay-TV), by Platform (Gaming Consoles, Laptops & Desktops, Smartphones & Tablets, Smart TVs), by Service (Consulting, Managed Services, Training & Support), by Revenue Model (Advertising, Rental, Subscription), by Deployment Type (Cloud, On-Premises), by User (Enterprise, Consumer), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".

Recent Developments:

January 2022: IBM Corporation, an American multinational technology corporation, announced an innovative IBM streaming mobile application, which worldwide refines the communications happening in the workplace. The mobile application is made available on the app store & play store. In addition, IBM’s Video Streaming Market application allows users to broadcast and live stream videos.

July 2021: Netflix introduced video games to push beyond films, and TV, which aided the company in marking its first big move beyond TV shows and movies, planning an expansion into video games.

May 2021: Amazon launched a free video service on a shopping app. The company launched mini TV, a free, ad-supported Video Streaming Market service accessible in the Amazon shopping app.

February 2021: Brightcove, a software company that produces an online video platform, launched Brightcove Cloud Playout, the latest feature that enhances Brightcove’s end-to-end video platform and makes it one of the few online video providers to provide this capacity.

Key Questions Answered in The Report:

• Which region will show the fastest and highest growth in the near future?
• Which are the top five players and their weakness and strength of the Market?
• What will be the future innovation in the upcoming six years?
• Which application and product will lead the largest share of the Market?
• What are the growth drivers, restraints and challenges of the industry?
• What will be the CAGR and size of the Video Streaming Market for the base year and forecast period?

This market titled “Video Streaming Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

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