Global Video Streaming Market was valued at USD 47.66 billion in 2019 which is expected to reach USD 182.35 billion by 2027 at a CAGR 19.5%.
Video streaming technology provides real-time presentation and distribution of video, audio, and multimedia content managed by providers. Increase in data consumption and smartphone penetration, availability of high speed internet expected to fuel the global video streaming market growth.
Increase in technological advancements like implementation of block chain technology in video streaming is expected to boost the global video streaming market growth during this forecast period. For instance, in April 2020, Quibi had launched new video streaming service for US, Canada, and India during COVID 19 pandemic. This service provides short videos facility for user consumption. Furthermore, in August 2019, Flipkart had launched video streaming service in India. This service is simply named as Flipkart Videos. Filpkart videos service is totally free for users. Moreover, increase in adoption of cloud-based streaming solutions will have the positive impact on growth of video streaming services industry during this forecast period.
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To COVID 19 pandemic is the global crisis. Many government announced lockdown that requires constraining themselves at home for a prolonged period will have the positive impact on global video streaming market growth.
However, high cost and easy availability of pirated data are the restraining factors which are expected to hamper the global video streaming market growth. Also, technological issues, connectivity issues, and buffering concerns will affect the global video streaming market growth.
Market Key Players
Various key players are discussed in this report such as Akamai Technologies Inc., Walt Disney Company, IBM Corporation, Cisco Systems Inc, Google LLC, Apple Inc., Microsoft Corporation, Amazon Web Services, Adobe Inc, and Netflix, Inc.
- Live Video Streaming
- On-demand Video Streaming
- Laptops & Desktops
- Gaming Consoles
- Smart Tvs
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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