Video Streaming Market Predicted to Reach $149.34 Billion by 2026: Top Industry to Invest in Current Scenario, Report
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North America held more than half of the global video streaming market share, and is expected to dominate during the forecast period. This is attributed to rising adoption for video streaming services by households in the U.S. which has majorly contributed towards the revenue growth of service providers such as Netflix and Amazon Prime Video. However, the region across Asia-Pacific is expected to grow at the fastest CAGR of 24.7% through 2019–2026. The fact that social media companies are capitalizing on the increasing popularity of this system propel the growth of the market in the province.
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• Amazon.com Inc.
• Brightcove Inc.
• Baidu Inc.
• Netflix Inc.
• Comcast Corporation
• Ustream Inc.
• Tencent Holdings Limited
• Kaltura Inc.
• Akamai Technologies
• Hulu LLC.
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On-premise segment held the major share in 2018, generating nearly half of the global video streaming market. This is attributed to the high adoption of on-premise based video streaming solution in enterprises for content management, media processing, and storage, decision making, and others. Simultaneously, the cloud segment is projected to register the fastest CAGR of 21.7% during the study period. Rising number of internet users in the Asia Pacific and LAMEA regions as well as increase in use of cloud-based video streaming applications are predicted to fuel the growth of the segment.
The pay TV segment contributed to nearly three-fifths of the global video streaming market revenue in 2018, and is anticipated to maintain its dominance by 2026. This is due to rising adoption of mobile and fixed communication broadband in the region across Asia-Pacific. At the same time, the over-the-top segment would grow at the fastest CAGR of 25.2% throughout the forecast period. The availability of differentiated content across different regions is anticipated to drive the growth of the segment.
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