Video Streaming Market Size, Overview, Key Players, Latest Trends, Revenue, and Forecast 2031 | Amazon Web Services, Apple Inc., Cisco Systems

The global video streaming market size is anticipated to reach US$277 billion by 2030, the market was valued at US$50 billion in 2021. The market is expected to grow at a compound annual growth rate (CAGR) of 21.0% during the forecast period from 2021-2030.

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Factors Influencing

The rapidly growing era of online videos and their use in the corporate sector for training purposes is expected to fuel the market growth during the analysis period. Moreover, the rising demand for video streaming in other sectors, such as education, would boost the growth of the global video streaming market during the forecast timeframe.

Technological advancements to enhance the quality of the videos forecasts to propel the growth of the global video streaming market.

The growing volume of live-streamed content together with increasing adoption of cloud-based video streaming platforms is forecast to gain huge consumer interest during the forecast period.

However, the high cost associated with the development of content anticipates slowing down the growth of the global video streaming market.

Regional Insight

North America has contributed to the growth of the global video streaming market by holding the maximum share in revenue generation. The regional market is forecasted to register maximum growth during the forecast period, owing to the rapidly rising adoption of streaming services and growing usage of mobile phones. The market is witnessing a growing contribution of households that have enhanced the revenue growth of video streaming platforms, such as Netflix.

Apart from that, videos have started playing a major role in corporate training in North America. Videos are observed to enhance the interactivity and expedite the learning process. Thus, the market is expected to witness promising growth opportunities in the region.

In addition, Asia-Pacific is anticipated to register the highest growth rate during the analysis period. Prominent social media companies, such as Twitter and Facebook, have been adopting innovative ways to increase the audience.

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COVID-19 Impact Analysis

The adoption of video streaming platforms tremendously grew during the COVID-19 pandemic. Several video streaming platforms, including Amazon Prime Video, Netflix, Disney+, and YouTube, have registered a sudden hike in the viewership. Netflix registered an immense increase of first-time viewers of around 50 percent. Such examples confirm that the global video streaming market grew during the pandemic period.

Apart from that, most of the population chose live streaming platforms to stay updated with the COVID-19 spread. During the outbreak, China and Italy witnessed an abrupt increase in the adoption of digital content from a variety of sources. These sources include mobile apps, TV streaming, and gaming. As a result, various live streaming platforms, such as Twitch, YouTube Live, and Facebook Live, have grown in popularity during the outbreak.

Competitors in the Market

Adobe Systems Incorporated
Akamai Technologies
Amazon Web Services
Apple Inc.
Cisco Systems
Google Inc.
Hulu
Microsoft Corporation
Netflix Inc.
Ustream
Other prominent players

Market Segmentation

By Solution

Internet protocol television (IPTV)
Pay-TV
Over the top (OTT)

By Deployment Type

On-premises
Cloud-Based.

Insight by Type

Video-on-demand streaming
Live linear streaming

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By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

What is the goal of the report?

-The market report presents the estimated size of the ICT market at the end of the forecast --period.

-The report also examines historical and current market sizes.

-During the forecast period, the report analyzes the growth rate, market size, and market valuation.

-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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