Video Streaming Market Size
Rise in adoption of cloud-based video streaming solutions, and extensive growth of online video in developing economies majorly boost the growth of the market.
PORTLAND, OR, UNITED STATES, September 20, 2024 /EINPresswire.com/ — According to the report published by Allied Market Research, “The Global Video Streaming Market Size Projected to Reach USD 149.34 Billion by 2026, Growing at a CAGR of 18.3%”. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
The global video streaming market size was valued at USD 38.56 billion in 2018, and is projected to reach USD 149.34 billion by 2026, growing at a CAGR of 18.3% from 2019 to 2026.
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Increase in live streamed content, rising adoption of cloud-based video streaming solutions, surge in popularity of video game streaming services, extensive use of videos in corporate training, and upsurge in demand for online videos in developing economies drive the growth of the global video streaming market. On the other hand, bandwidth limitations and latency & reliability issues curtail down the growth to some extent. However, growing impact of video streaming in the education sector and integration of advanced technologies in video platforms to improve video quality are expected to pave the way for a plethora of opportunities in the industry.
The global video streaming market segmentation includes component, solution type, streaming type, deployment mode, revenue model, end user, and region. By component, it is bifurcated into solutions and services. By solution type, the market is divided into IPTV, over-the-top, and Pay-TV. By streaming type, the market is classified into Live/Linear Video Streaming, and Non-Linear Video Streaming. By deployment mode, the market is segmented into cloud, on-premise, and hybrid. By revenue model, it is categorized into subscription, transactional, advertisement, and hybrid. On the basis of end user, the market is divided into consumer and enterprise. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Impact of COVID-19 on Video Streaming Market:
● The growth of video streaming market is expected to surge during the Covid-19 pandemic due to advent of 5G mobile technology and surge in usage of over-the-top media services Disney+, Netflix, and Amazon Prime video for entertainment purpose.
● According to Nokia, Disney+ an video streaming service provider accounts for 8.0% of all the video steaming services in European networks during the pandemic period.
● In addition, Netflix has reported that its paid subscribers count has reached a new high of 15.8 million from January 2020 to March 2020 and 7.0 million more subscribers are expected to be added by the end of June.
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Based on component, the solution segment accounted for nearly three-fourths of the global video streaming market share in 2018, and is expected to rule the roost by the end of 2026. Growing popularity of online streaming over media platforms such as YouTube, Netflix, and Amazon Prime Video has boosted the growth of the segment. The services segment, on the other hand, would cite the fastest CAGR of 21.8% during the period 2019-2026. Services play a vital role in the over-the-top market, as they focus on meeting client requirements, including reduced cost and enhanced performance of video platforms, which boosts the growth of the segment.
Based on solution-type, the pay TV segment contributed to nearly three-fifths of the global video streaming market revenue in 2018, and is anticipated to maintain its dominance by 2026. This is due to rising adoption of mobile and fixed communication broadband in the region across Asia-Pacific. At the same time, the over-the-top segment would grow at the fastest CAGR of 25.2% throughout the forecast period. The availability of differentiated content across different regions is anticipated to drive the growth of the segment.
Based on geography, North America held more than half of the global video streaming market share, and is expected to dominate during the forecast period. This is attributed to rising adoption for video streaming services by households in the U.S. which has majorly contributed towards the revenue growth of service providers such as Netflix and Amazon Prime Video. However, the region across Asia-Pacific is expected to grow at the fastest CAGR of 24.7% through 2019-2026. The fact that social media companies are capitalizing on the increasing popularity of this system propel the growth of the market in the province.
Some of the key market players profiled in the report include Netflix Inc., Amazon.com Inc., Tencent Holdings Limited, Baidu Inc., Comcast Corporation, Hulu, LLC., Ustream, Inc., Kaltura, Inc., Akamai Technologies, and Brightcove Inc. This study includes video streaming market trends, analysis, and future estimations to determine the imminent investment pockets.
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Key Finding of The Video Streaming Market:
● By component, the solution segment dominated the market. However, the services segment is expected to exhibit significant growth in the global video streaming industry during the forecast period.
● By solution type, the Pay-TV segment accounted for the highest revenue of video streaming industry in 2018.
● By streaming type, the non-linear video streaming segment generated the highest revenue in 2018.
● By deployment model, the on-premise segment generated the highest revenue of video streaming market in 2018. However, hybrid segment is expected to witness highest growth rate in the forecast period.
● By revenue model, the subscription segment generated the highest revenue in 2018. However, advertisement segment is expected to witness highest growth rate in the forecast period.
● By end user, the consumer segment generated the highest revenue in 2018.
● By region, North America dominated the video streaming industry in 2018. However, the Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
Key Benefits for Stakeholders:
● This study includes the video streaming market analysis, trends, and future estimations to determine the imminent investment pockets.
● The report presents information related to key drivers, restraints, and opportunity.
● The video streaming market size is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
● Porter’s five forces analysis illustrates the potency of buyers & suppliers in the video streaming industry.
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Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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