- Press Release -

Fact.MR states the global sales of video streaming market to surpass US$ 241 Bn by registering a CAGR of 17% in the forecast period 2022-2032. A majority of consumers cite viewer profiles as a major benefit of video streaming services. Separate viewer profiles in platforms such as HooQ, Netflix help users track their favourite shows and films.

Historically, from 2017 to 2021, the market for video streaming services surged at a CAGR of 15%. COVID-19 is a financially rewarding prospect for video streaming market players. But it also is the ultimate test of technical capabilities and infrastructure strength. As countries struggle to manage economic and potential loss of human lives, consumers and employees are extensively using video streaming services.

Furthermore, educational institutions are conducting online classes, employees are video conferencing, add entertainment and casual video streaming to this, you would see the enormity of the market. Such increase in video streaming has made telecommunication authorities worried. The global video streaming market will continue to multiply in size during the forecast period.

Key Takeaways from the Market Study

• By platform type, smartphones and tablets expected to hold more than 45% market share for video streaming market.
• By streaming type, live streaming expected to gain more than 62% market share for video streaming market.
• Video streaming industry expected to possess nearly 20% market share throughout North America.
• Video streaming industry expected to register a CAGR of 19% throughout MEA.
• Global market for video streaming is likely to reach US$ 50 Bn by 2022-end

“Increasing disposable income will drive consumers to purchase subscriptions from multiple video streaming vendors. Market players must then prioritize engaging consumers based on content, picture quality, and streaming convenience. Revenues are expected to be garnered by organizations forging strategic partnerships with local celebrities that increase footfalls based on their personal goodwill.”- states a Fact.MR Analyst.

Competitive Landscape

• In September 2021, Akamai Technologies launched Learn Akamai, a free learning platform to help customers to gain knowledge of different levels. The company is focusing on providing learning platform for companies working in limited training budgets.
• Netflix, Inc, Akamai Technologies, Amazon Web Services, Inc, Google LLC, Microsoft Corporation, Tencent, iQIYI, Inc, Novi Digital Entertainment Pvt Ltd (Hotstar), Iflix, HOOQ and Rakuten Viki are prominent video streaming market players.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global video steering system market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of streaming type (live and non-linear), delivery channel (internet protocol TV, over-the-top (ott), and pay-tv), platform, (gaming consoles, laptops & desktops, smartphones & tablets and smart TV), service (consulting, managed services and training & support), revenue model (advertising, rental and subscription) and end use (enterprise, corporate communications, knowledge sharing & collaborations, marketing & client engagement, training & development, consumer, real-time entertainment, web browsing & advertising, gaming, social networking and e-learning) across six major regions (North America, Latin America, Europe, East Asia, South Asia and Oceania and MEA).

Fact.MR’s Domain Knowledge in Technology

Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Santosh Kumar

Fact.MR

Sr. Consultant – ICT

E-mail: santosh@factmr.com