According to the latest report by IMARC Group, titled “Video Streaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the study provides a detailed analysis of the industry, including the global video streaming market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Video Streaming Market?
The global video streaming market size reached US$ 74.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.4 Billion by 2028, exhibiting a growth rate (CAGR) of 19.8% during 2023-2028.
What is Video Streaming?
Streaming refers to the transmission of data with help of the internet from one storage device to another device. Video streaming is a technology that enables the user to view video content online on the internet without the need of downloading the media files. It reduces the requirement for storage space and enables immediate access and convenience to customers of watching the desirable content.
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What are the growth prospects and trends in the video streaming industry?
The easy access to high-speed internet represents a key factor driving the market growth. In line with this, the increasing deployment of machine learning (ML), artificial intelligence (AI), and blockchain in video production, including editing, cinematography, voice-overs, and scriptwriting is contributing to the market growth. Apart from this, the rising sales of smartphones and smart televisions (TVs) are acting as another major factor inducing the market growth across the globe. The market is also driven by the rise in the demand for video streaming solutions in schools, institutes, colleges, and universities owing to the better learning processes offered by through visual recordings of courses. Moreover, the rising popularity of social media platforms among consumers is contributing to the market growth. Other factors, such as rising digitization across industries and the increasing video streaming services at affordable subscriptions packs, are creating a positive outlook for the market.
Who are the key players operating in the industry?
The report covers the major market players including:
- Akamai Technologies Inc.
- Amazon Inc.
- Brightcove Inc.
- Comcast Corporation
- Google LLC (Alphabet Inc)
- Hulu LLC (The Walt Disney Company)
- Iflix (Tencent Holdings Ltd.)
- International Business Machines Corporation
- Kaltura Inc.
- Microsoft Corporation
- Netflix Inc.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- IPTV
- Over-the-top
- Pay TV
- Services
- Consulting
- Managed Services
- Training and Support
Breakup by Streaming Type:
- Live/Linear Video Streaming
- Non-Linear Video Streaming
Breakup by Revenue Model:
- Subscription
- Transactional
- Advertisement
- Hybrid
Breakup by End User:
- Personal
- Commercial
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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