According to the latest research by SkyQuest Technology, the Global Video Streaming Market is expected to grow at a 25.12% CAGR from USD 376,000.65 Million in 2021 to USD 932,000.12 Million by 2027. The research provides an up-to-date analysis of the current market landscape, latest trends, drivers, and overall market environment.
Artificial Intelligence (AI) is becoming increasingly important in editing, cinematography, voice-overs, scriptwriting, and other elements of video production and distribution. These advancements are expected to have a favourable impact on market growth. AI is being used by several video streaming service providers to increase video content quality. The appeal of such platforms over broadcast media, such as YouTube and Netflix, has recently expanded significantly.
The increasing acceptance of cloud-based solutions is propelling market expansion. This pattern is most noticeable in North America and Europe. Ongoing technology improvements and innovations are expected to match the increased user expectations for great video quality, performance, and security.
The rise of technology improvements and the number of service providers on the market pose a threat to the market’s solo streaming behemoths. The increasing acceptance of digital media across numerous industries has resulted in a preference for several streaming services among the general public. These additional services for television and other entertainment material are expected to pose a challenge to the market’s existing core players.
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With a market share of roughly 58% in 2021, the live streaming sector generated the most income. The increasing demand for digital media devices and the availability of faster internet to view media material remotely are driving category expansion. Ad-free content, mobile watching, analytics monitoring, plentiful content utilisation, enormous audience potential, and high-quality broadcasts are some of the additional aspects that enhance live video streaming.
Read market research report, Global Video Streaming Market is segmented By Component (Solutions, Transcoding and Processing, Video Management Software, Video Distribution, Video Analytics, Video Security, and Others), By Streaming Type (Live Streaming, Video-On-Demand Streaming), By Deployment Mode (On-premises and Cloud), By Industry Vertical (Media and Entertainment, BFSI, Academia & Education, Healthcare, Government, and Others) & By Region- Forecast and Analysis 2020-2027” by SkyQuest
Sports and musical events, for example, have maintained the high relevance of live video broadcasting. Non-linear streaming, on the other hand, is likely to rise significantly in the next years due to the convenience and series linkage. Other elements driving the expansion of the industry’s non-linear streaming segment include watch-time feasibility, no buffering, huge capacity, and live pause. Furthermore, with both streaming kinds, video-on-demand is predicted to become widespread across all age groups.
The increasing acceptance of cloud-based solutions is propelling market expansion. This pattern is most noticeable in North America and Europe. Ongoing technology improvements and innovations are expected to match the increased user expectations for great video quality, performance, and security. The increasing acceptance of digital media across numerous industries has resulted in a preference for several streaming services among the general public. The rise of technology improvements and the quantity of service providers on the market pose a threat to the market’s solo streaming behemoths.
Videos may be utilised effectively in webinars and courses to boost teaching and learning processes in the education and academic sectors. Students’ capacity to recall knowledge is greatly influenced by visual records. As a result, universities, schools, and institutions are increasingly producing multimedia information and presenting it via video presentations. Factors such as simple access to instructional video material, rising demand for mobile devices, and increased internet availability are all encouraging the use of live video streaming services for educational purposes.
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Advertising is one of the most frequent methods of monetizing streaming videos, with advertisers generating cash. Because advertisers pay a large sum to have their adverts streamed on on-demand streaming services due to marketing requirements, the advertising segment accounts for a sizable portion of the market. However, due to a large selection of video material as well as unique content given by OTT providers such as Netflix Originals and Prime Originals, subscription models have gained traction.
SkyQuest Technology Consulting’s analysis offers in-depth qualitative insights, historical data, and reliable market size predictions. The forecasts in the paper were created utilizing tried-and-true research methodology and assumptions.
What does this Report Deliver?
SkyQuest has segmented the Global Video Streaming Market based on Component, Streaming Type, Deployment Mode, Industry Vertical, and Region:
List of Key Players in the Video Streaming Market
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