Video Streaming Market Size, Outlook, Trends, Forecast and Industry Analysis 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Video Streaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global video streaming market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the video streaming market?

The global video streaming market size reached US$ 74.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.4 Billion by 2028, exhibiting a growth rate (CAGR) of 19.8% during 2023-2028.

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What is Video Streaming?

Streaming refers to the transmission of data with help of the internet from one storage device to another device. Video streaming is a technology that enables the user to view video content online on the internet without the need of downloading the media files. It reduces the requirement for storage space and enables immediate access and convenience to customers of watching the desirable content.

What are the growth prospects and trends in the video streaming industry?

The easy access to high-speed internet represents a key factor driving the market growth. In line with this, the increasing deployment of machine learning (ML), artificial intelligence (AI), and blockchain in video production, including editing, cinematography, voice-overs, and scriptwriting is contributing to the market growth. Apart from this, the rising sales of smartphones and smart televisions (TVs) are acting as another major factor inducing the market growth across the globe. The market is also driven by the rise in the demand for video streaming solutions in schools, institutes, colleges, and universities owing to the better learning processes offered by through visual recordings of courses. Moreover, the rising popularity of social media platforms among consumers is contributing to the market growth. Other factors, such as rising digitization across industries and the increasing video streaming services at affordable subscriptions packs, are creating a positive outlook for the market.

Who are the key players operating in the industry?

The report covers the major market players including: 

Akamai Technologies Inc.
Amazon Inc.
Brightcove Inc.
Comcast Corporation
Google LLC (Alphabet Inc)
Hulu LLC (The Walt Disney Company)
Iflix (Tencent Holdings Ltd.)
International Business Machines Corporation
Kaltura Inc.
Microsoft Corporation
Netflix Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Solution
IPTV
Over-the-top
Pay TV
Services
Consulting
Managed Services
Training and Support

Breakup by Streaming Type:

Live/Linear Video Streaming
Non-Linear Video Streaming

Breakup by Revenue Model:

Subscription
Transactional
Advertisement
Hybrid

Breakup by End User:

Personal
Commercial

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4211&flag=C

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:                                                           

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.