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Video Streaming and Sport Market Report- Size, Growth, Analysis Of Key-players Types And Application, Outlook 2025

10-21-2021 08:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: ReportsnReports

The research report provides region-wise and country-wise analyses of the Video Streaming and Sport Market. Additionally, Video Streaming and Sport Market provides insights about main regions like Asia-Pacific, Europe, North America, South America, Latin, Middle East, and Africa. Moreover, Video Streaming and Sport Market research report offers in-depth information about lucrative emerging markets and analyzes penetration across the significant market segments.

Get FREE PDF Sample of the Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4703159

An over-the-top (OTT) media service is one that is offered directly through the Internet, and is essentially another term for a streaming platform OTT bypasses cable, broadcast and satellite TV platforms, who have always been the traditional broadcasters of sports content. OTT platforms were largely available through websites and apps on personal devices such as laptops, smartphones, games consoles, but their availability has become more widespread on cable TV, with Sky and Virgin both offering Netflix Devices such as the Amazon Firestick also provide various streaming platforms, giving consumers huge flexibility in how they watch content. OTT platforms had largely been restricted to providing film/TV content, the emphasis on sports content has grown in recent years, as platforms have identified that sports viewership could be a key to significant growth.

The nature of sports viewership has changed drastically over the years, as traditional TV viewing has begun shifting somewhat towards streaming content and online platforms. Research has shown that younger demographics prefer to watch online content, and streaming platforms are becoming more of a powerhouse in the sports broadcasting industry, with Amazon having secured valuable rights packages to the Premier League and the NFL in recent years.

While sports fans have always traditionally watched sports either live at stadiums or on the TV from the comfort of their own home, the growth of the Internet has opened up many different ways of watching sports. As younger generations become interested in sport, viewing patterns have begun to shift. Nowadays, many younger viewers are more interested in streaming games online, with many watching multiple games at once. The accessibility with which many can access different events now is a stark contrast to before the turn of the century, where some games just weren’t televised.

The gradual rise of OTT platforms has led other companies in the field to consider moving more in the direction of live sports, as this is seen to be crucial to retaining high viewing numbers for many broadcasters. Live sports are an incredibly valuable commodity viewed across the world by millions, and it could become the key piece for online streaming platforms to continue their upward growth moving forward.

An analysis of how streaming platforms have entered the world of sports broadcasting, and the different challenges they face

Key Highlights-
- Amazon have maneuvered their way into being one of the most valuable brands in the world, and were last reported as having a value of $254.2 billion Amazon made their first foray into the sports rights market in 2017, when they paid $50m to secure all ten Thursday night games for the NFL. The price paid marked a fivefold increase of the value of the rights, compared to what Twitter had paid for the same package the previous year. Amazon’s business model is somewhat unique in comparison to streaming giant, Netflix, as it offers sports as a complementary option to its wider offerings of film/TV.
- Facebook had made an aggressive start in acquiring sports rights in 2018, securing deals for the UEFA Champions League coverage in Latin America and La Liga coverage in India. In addition, Facebook also struck a $30m deal with the MLB, which saw 25 games broadcast on Facebook Watch during the 2018 season. Despite this initial success, Facebook allowed their football deals to expire in March 2021, opting to not extend. The company also launched a failed bid of $600m in 2017 to secure broadcasting rights to the IPL. While Facebook had previously identified sports as an area for potential growth, but they have now decided to change their strategy, stating that broadcasting sports is no longer a part of their video model.
- A recent study by video technology company Synamedia and market research firm Ampere Analysis highlighted that OTT sports streaming services could gain $5.4 bn in lost revenue if piracy were to be eradicated. The study also discussed that service providers and rights holders should attempt to identify why so many fans turn to illegal services. Many fans have felt priced out of paying for subscription packages in recent years as costs have risen.
- Growth in the USA for streaming platforms is expected to be rapid and significant over the coming years, due to the sheer volume of streaming platforms available. At least 104.8m households in the country hold a subscription to at least one SVoD platform at the end of 2020, which is equivalent to 80.8% household penetration. The USA’s SVoD market is among the most well developed, with fierce competition between companies such as Netflix, Amazon, Hulu and ESPN.

Scope of this Report-
- This report provides an overview of the history of streaming platforms and their growth in terms of broadcasting live sports in recent years.
- It identifies the key trends currently dominating the streaming industry, and pinpoints why the sector has seen such growth in recent years.
- The report provides a detailed analysis of all the pros and cons of streaming platforms, and the challenges that many of these platforms have to face currently and will continue to face in the future.
- A look at the potential future of streaming platforms and sports, and projections on how the industry might grow in the coming years.
- A detailed look at the streaming value chain, and how different areas of the sector generates revenue and business.

Get Discount on Purchase this Report @
https://www.reportsnreports.com/purchase.aspx?name=4703159

Reasons to Buy this Report-
- For those wanting an in depth analysis of how streaming platforms have entered into the world of live sports, and the challenges faced in broaching this area.
- Discusses how the landscape of sports broadcasting has been permanently altered by the rise in technology, and the direction streaming platforms are headed in as they continue to secure media rights.
- RNR thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.

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ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

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