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Market Research Future Insights
The Video Streaming Market is anticipated to reach growth and expand its market at USD 972.31 billion with an 18.1% CAGR from the 2020 -2030 period.
Picture quality is enhanced by using innovations like blockchain technology and artificial intelligence (AI). Editing, cinematography, voice-overs, scriptwriting, and many other facets of video creation and release are all greatly aided by AI. It is projected that these advancements will have a favourable impact on the industry’s expansion. The substance value of videos is being improved by a number of suppliers of streaming video solutions employing AI. Recently, these channels have become much more famous than mainstream media outlets like YouTube and Netflix. In order to provide its subscribers with a more tailored experience, Netflix introduced AI in May 2016. Additionally, it is projected that the industry would develop primarily due to the quick uptake of mobile phones due to the rising prominence of online networking apps and other digital mediums for branding and advertising.
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The industry is increasing since cloud-based solutions are being adopted by more people. North America and Europe are where this pattern is most prevalently seen. An increasing number of users have high standards for video quality, performance, and safety, and it is anticipated that continuing developments and technical improvements will satisfy those standards.
Video Streaming Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 972.31 Billion |
| Growth Rate: | CAGR of 18.1% from 2020 to 2030 |
| Forecast Period: | 2020 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Regional Analysis
With a 38.7% revenue share in 2021, North America generated the highest revenue share of the video streaming market. This was primarily due to the fast expansion of cloud-based streaming services. Because of the large population watching online content, the European segment is expected to develop steadily. Furthermore, Asia Pacific is predicted to expand at the fastest CAGR during the forecast period due to the rising usage of mobile phones and tablets, speedy technological development, and the growing popularity of online streaming.
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Market Segmentation
With a share of the video streaming market of around 61 percent in 2021, the live streaming sector held the most revenue. The increasing growth of digital media technology and the accessibility of high-speed networks to gain media content from anywhere are driving growth in this segment.With a market share of more than 31% in 2021, smartphones and tablets held the largest market and revenue share. This section’s expansion is credited to variables like easy internet access, rising disposable income, a higher standard of living, and lifestyle changes. With nearly 51% video streaming market share in 2021, the consumer segment accounted for the highest revenue share. This is due to an increase in the viewership of video-on-demand and live streaming services from the media and entertainment industries.
By Components
By Type
By Distribution Channel
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Key Players
Some of the key players in the video streaming market include Netflix, Google LLC, Amazon web services, Microsoft corporation, Adobe Inc and Walt Disney.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
