Market Research Future Insights
According to MRFR analysis, the global Video Streaming Market is expected to register a CAGR of 18.1% from 2020 to 2030 and hold a value of over USD 972.31 billion by 2030.
Video streaming or media streaming is video content, which can be sent in crushed form over the internet and played proximately rather than storing it on the hard drive of the device. The word streaming means listening to a melody or watching a video in real-time rather than waiting for the video to be downloaded to the device and then watching it. Streaming videos are generally sent from a pre-recorded video file that is compressed and can be sent to multiple users at the same time. Any device, that has access to the internet and applications that can un-compress the contents, can relish the services of video streaming. The influence of the COVID-19 epidemic is anticipated to result in a considerably impacted global market size during the analysis period. This is attributed to the significant acceleration in the adoption of online live streaming supported by favorable regulations and decay in in-person visits to physicians. Further, the COVID-19 epidemic has accelerated digital transformation globally. The growing adoption of online learning, Work from Home, and remote patient monitoring in health services, e-commerce, and others have augmented the demand for services.
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Video Streaming Market Report Scope:
|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|
North America is projected to dominate the market share during the video streaming market forecast period due to the existence of leading players such as Netflix, Inc., Alphabet Inc., Amazon.com, Inc., and others. Further, the growing number of users for video on demand and video gaming platforms across the U.S. and Canada helps the market growth.
Asia Pacific is anticipated to grow with a remarkable CAGR for the global video streaming market share during the estimated period. The market is rising with a significant growth rate, due to the increasing adoption of several video streaming solutions such as video on demand and OTT platforms among consumers.
Europe is rising moderately due to increasing demand for online live-streaming videos, and the rush in the adoption of on-demand videos among consumers.
The global Video Streaming Market has been segmented into components and channels.
Based on the Component, The global Video Streaming Market has been segmented into software and content delivery services. Under the software, transcoding, and processing, video delivery and distribution, video management, and others are comprised. In addition, the software is growing at a moderate pace due to the surge in the development of advanced streaming platforms by the leading players.
Based on the Channel, The global Video Streaming Market has been segmented into scope, satellite TV, cable TV, IPTV (internet protocol television), and OTT streaming. Among these, cable TV is anticipated to hold the largest share, due to the surge in adoption by households around the globe.
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Some of the key market players are Netflix, Google LLC, Amazon web services, Micro-soft corporation, Adobe Inc, Walt Disney, Apple Inc, Cisco system Inc, IBM Corporation, and Akamai technologies
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