Cloud Video Streaming Market Worth USD 16.6 Bn by 2023 at 18.9% CAGR | Cloud Video Streaming Market Advancing Swiftly Due To Scalability and Cost Effectiveness

The global cloud video streaming market is set to witness rapid growth due to high adoption of live streaming and widespread use of cloud video streaming to deliver over the top content (OTT).

Pune, India, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Market Research Future’s in-depth analysis of the Global Cloud Video Streaming Market, By Components (By Streaming Cloud Content), By Streaming Type (Live Streaming, Video on Demand, Video Hosting), By Cloud Deployment (Private Cloud, Hybrid Cloud), By Vertical (Media & Entertainment, Education, Government) - Forecast 2023

Market Insights

Cloud video streaming is a rapidly advancing market which is anticipated to witness a CAGR of 18.9% during the forecast period of 2017 to 2023. This projection, among others, has been made in Market Research Future's latest report on the global cloud video streaming market. The market is becoming increasingly competitive due to the cloud platform being easy to embrace for enterprises of all sizes, particularly SMEs. The growth of the market is anticipated to result in a market value of approximately USD 16.6 Bn by the end of 2023.

The introduction and widespread adoption of over the top content (OTT) has created considerable opportunity for the global cloud video streaming market. The popularity of on-demand videos and streamed content is based on the delivery of this content in real-time. Increasing network speeds across the globe and consumer demand for higher speeds in the age of technology and the internet are highly conducive to the growth of the cloud video streaming market. Consumption patterns have changed drastically due to urbanization and increasingly busy schedules which have turned consumers toward live streaming as it offers the ability to stream content at any given time. Expansion of the market has been the result of novel applications being employed for the technology. Sports, news, TV shows and many other forms of entertainment are easily viewable. Moreover, it has also found application in the education industry by allowing live streaming of lessons for remote learning. The proliferation of personal smart devices which carry the capability to stream live content is another key factor affecting the global cloud video streaming market. Cloud video streaming offers competitive costing and scalable growth which allows small businesses to participate in the market.

The increasingly competitive market carries a high potential for growth, as applications for cloud video streaming are consistently being developed. Opportunities for growth will arise as OTT content providers prepare to offer increased original content and tap into consumer consumptions trends.

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Market Segmentation

MRFR's segmental analysis is performed on the basis of components, streaming type, service, deployment, vertical and region. By components, the market is divided into media players and service. The media player segment consists of JW Players, iOS media player and adobe flash players & Adobe AIR. The service segment is sub-segmented to include managed services and professional services.

By streaming type, the market is segmented into video on demand streaming, live streaming, and video hosting. By cloud deployment, the market is categorized into hybrid cloud, private cloud, and public cloud. By vertical, the market includes healthcare, government, media & entertainment, education, and others.

Regional segmentation of the market divides the market into North America, Europe, Asia Pacific and the Rest of the World.

Concentration of Market Players Establishes North America as Top Regional Market

North America has a high concentration of market-leading players who lead growth for the global and regional market, thus catapulting the region into top position with the largest share. The U.S leads the market due to high adoption of cloud-based services in the region across small and medium enterprises. Moreover, largescale investments towards outsourcing of video streaming solutions are driving growth for the global Cloud Video Streaming Market. Europe has a similar growth pattern which has contributed considerably to the market size of the region. The growing number of content providers leveraging cloud video streaming as a method to deliver high-quality OTT content is a significant driver of the market. Additionally, these regions have high internet speeds which drive the consumption of live streaming and other OTT content services.

Meanwhile, the Asia Pacific is expected to grow at a rapid pace due to the high potential available in the region. The presence of a massive consumer population which is witnessing dramatic changes due to urbanization and changing lifestyles is highly conducive to the adoption of cloud video streaming solutions. The presence of a significant IT sector and the fact that several international players are moving to establish themselves in the region due to the recognized potential is expected to encourage market growth.

Key Players

Encoding.Com, Adobe Systems Incorporated, Microsoft Azure, Amazon Web Services, Akamai Technologies Inc., Forbidden Technologies, Haivision Hyperstream, Sorenson Media, and A-frame are some of the leading market players participating in the global cloud video streaming market. MRFR has profiled and recorded the market strategies employed by these players and their role in expanding the market. Product innovation, expansion of capabilities, acquisitions, and mergers are among the most employed market strategies with the highest impact.

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Latest Industry News

Limelight Networks Inc. has announced the launch of Limelight Real-time Streaming which is a revolutionary sub-second live video streaming solution. The services are globally scalable and offer integrated real-time data which will make it possible to make live content interactive.

Akamai has introduced solutions which offer cost savings and optimized connectivity. The two new solutions for broadcasters and distributors are a part of Adaptive Media Delivery, Akamai's on-demand and live streaming media product.

Harmonic launched its VOS 360 Video software-as-a-service to offer cost savings and opportunities to monetize content to video service providers.

Related Reports

Video Streaming Software Market Research Report: Information by Component (Transcoding & Processing, Video Management, Video Delivery & Distribution, Video Security), Streaming Type (Live, Video-On-Demand), Deployment, Vertical – Forecast till 2023. The global video streaming software market is expected to grow at a CAGR of approximately 18% during the forecast period 2017-2023.

Video Streaming Market, By Streaming Type (Live Video Streaming, Non-Linear Video Streaming), Platform, Deployment (Cloud, On-Premise), Solution (Pay TV, OTT), Service (Consulting, Managed Services), Revenue Model, Vertical - Global Forecast 2023. The global video streaming market is expected to grow at approx. USD 82 Billion by 2023, at 17% of CAGR between 2017 and 2023.

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