Market Research Future Insights:
According to MRFR analysis, the global video streaming market is expected to register a CAGR of 18.10% from 2023 to 2032 and hold a value of over USD 1117.796564 Billion by 2032.
The video streaming market refers to the distribution of video content over the internet to various devices, such as smartphones, tablets, computers, and smart TVs. It allows users to watch videos on-demand or in real time without the need for traditional broadcast methods. The COVID-19 pandemic has significantly impacted the video streaming market. With people staying at home due to lockdowns and social distancing measures, there has been a substantial increase in video streaming consumption. This surge in demand for online entertainment has led to a substantial rise in subscribers for video streaming platforms. Streaming services witnessed increased viewership, as people turned to streaming platforms for movies, TV shows, and other forms of entertainment during the pandemic.
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Video Streaming Industry Key Players:
Some of the market key players are.
The Global video streaming market has been segmented into Components, Type and Distribution Channel
Based on Components: Solution and Services
Based on Type: Video Hosting Management – Non–Linear Video Streaming, Video Analytics – Non–Linear Video Streaming, Video Content – Non–Linear Video Streaming, Live Streaming – Linear Video Streaming and Mobile Video
Based on Distribution Channel: Commercial video platforms, Academic and education, Video sharing, Advertising, Government, Health care, Retail and e-commerce, Media and IT and telecommunication
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Recent Developments in the Market:
The video streaming market is expected to continue to grow in the coming years. The growth of live streaming, 5G, smart TVs, and subscription-based streaming services will all contribute to the growth of the market.
Netflix announced a collaboration with Google LLC to enhance the streaming experience. This partnership aims to leverage Google’s cloud technology to optimize content delivery, improve video quality, and enhance the overall streaming performance for Netflix subscribers.
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