USD 73.28 billion
Report ID: SQMIG50J2004 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 121 | Figures: 77
Global Video Streaming Market size was valued at USD 73.28 billion in 2021 and is poised to grow from USD 89.03 billion in 2022 to USD 513.75 billion by 2030, growing at a CAGR of 21.5% in the forecast period (2023-2030).
Rising internet penetration and demand for online and on-demand videos as a result of widespread usage of smartphones and tablets are two key drivers for Video Streaming market growth. Employment of AI helps improve quality of videos. Recently, various channels have become much more popular than mainstream media outlets, including YouTube and Netflix. In order to provide its subscribers with a greater, tailored experience, Netflix introduced AI in May 2016. Additionally, rapid adoption of mobile phones as a result of rising popularity of social media platforms and other digital mediums for branding and marketing is boosting video streaming market growth.Videos can be used efficiently in webinars and courses in the academic and educational industry to improve teaching and learning procedures. Students' capacity to remember knowledge is significantly impacted by visual records.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 being favorably influenced by factors like the ease with which educational video content may be accessed, rising demand for mobile devices, and expansion of internet accessibility.
More than one-fourth of the world's population was under lockdown due to the COVID-19 pandemic. The number of people using online video streaming and entertainment services increased by about 10% as most people were confined to their homes. As a result, global viewership on video streaming services like Netflix, Amazon Prime Video, YouTube, and Disney+ increased.
US Video Streaming Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 73.28 billion
To get more reports on the above market click here to Buy The Report
The global video streaming market is segmented based on component, streaming type, deployment mode, industry vertical, and region. Based on component, the Video Streaming market is categorized into solutions, transcoding and processing, video management software, video distribution, video analytics, video security, and others. Based on streaming type, the Video Streaming market is categorized into live streaming, video-on-demand streaming. Based on deployment mode, the Video Streaming market is categorized into on-premises and cloud. Based on industry vertical, it is categorized into media and entertainment, BFSI, academia and education, healthcare, government, and other. Based on region, it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Video Streaming Market Analysis by Streaming Type
In 2021, the live streaming segment dominated the global Video Streaming market with a sweeping share of around 61%. This is due to increased demand for digital media devices, as well as improved internet speeds, which allow users to access media material remotely. Furthermore, ad-free content, mobile viewing, analytics tracking, a plethora of content use, a massive audience potential, and high-quality streams all contribute to the live streaming of videos.
Video Streaming Market Analysis by Deployment Mode
In 2021, with more than 58% of the Video Streaming market, the cloud segment had the highest revenue share. The development of platforms like YouTube and Netflix for streaming videos has been made possible by advances in cloud computing, which have transformed video streaming. In Asia Pacific, the cloud segment is anticipated to grow at the greatest CAGR. The category held the greatest Video Streaming market share in North America in 2021, which can be ascribed to the expansion of cloud-based services in nations like the United States and Canada
To get detailed analysis on other segments, Request For Sample Report
In 2021, North America had 38.7% revenue share of the global video streaming market. This growth is attributed to notable expansion of streaming services that operate on the cloud. As so many people in Europe view online content, the region is anticipated to grow steadily. Due to the rising use of mobile devices and tablets, quick technical improvements, and the popularity of online streaming, Asia Pacific is also anticipated to show considerable growth at the highest CAGR over the projection period.
Over-the-Top (OTT) solution has transformed the way content is consumed by viewers in Asia Pacific. The region's established telecommunications companies and multichannel operators have actively sought business innovation and advancement employing cutting-edge marketing strategies like video streaming. With the fastest expanding broadband internet population, operators in Southeast Asia have increased revenue options by delivering video streaming multichannel services together with fixed-mobile packages. These programs are assisting in the expansion of the Asia Pacific Video Streaming market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Video Streaming Market Driver
Video Streaming Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Presence of the key players and various growth strategies adopted by them are among the prime factors that catalyze the Video Streaming market growth during the forecast period. Some of the prominent players operating in the Video Streaming market include Netflix, Hulu, Livestream, YouTube, Amazon Prime, and HBO among others. The companies are aiming at new product launches, innovations, expansions, mergers, and acquisitions, and finding a new market or innovating their core competency in order to expand individual market share.
Top Players in the Global Video Streaming Market
Video Streaming Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by streaming type, the live streaming segment dominated the global video streaming market owing to increased demand for digital media devices, as well as improved internet speeds, which allow users to access media material remotely. By region, Asia Pacific is expected to dominate the global video streaming market by 2028. With the fastest expanding broadband internet population, operators in Southeast Asia have increased revenue options by delivering video streaming multichannel services together with fixed-mobile packages
|Market size value in 2021||USD 73.28 billion|
|Market size value in 2030||USD 89.03 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Video Streaming Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Video Streaming Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Video Streaming Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Video Streaming Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.