"The Rise of Mobile Video Viewing Empowers Live Streaming Market Growth - Huya Inc, ViacomCBS Inc, Afreecatv Corp "

As per The Business Research Company's Live Streaming Opportunities And Strategies Market Report 2023, the global live streaming market reached a value of nearly $1,235.9 million in 2022, having grown at a compound annual growth rate (CAGR) of 21.0% since 2017. The market is expected to grow from $1,235.9 million in 2022 to $3,212.7 million in 2027 at a rate of 21.1%. The market is then expected to grow at a CAGR of 22.6% from 2027 and reach $8,891.5 million in 2032.

During the forecast period, the increase in mobile video viewing will support the growth of the live streaming market. This is mainly driven by the rise in internet penetration and the growth in smart phones usage. For example, according to Yansmedia, an Armenian animated explainer video company, there were 205 million smartphone video viewers in the USA in 2022. Every year, mobile video consumption doubles. Additionally, according to data published by The Social Shepherd, a UK based marketing agency, 90% of consumers use their mobile devices to watch video content. Therefore, the increase in mobile video viewing will support the growth of the live streaming market.

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The launch of cloud-based live streaming services to enhance the bandwidth and for amplifying the whole streaming experience is gaining popularity in the live streaming market. For example, in September 2022, Haivision, a Canadian provider of real-time video streaming and networking solutions, launched an all-new cloud platform designed for churches - Haivision Connect. The livestreaming solution opens new possibilities for churches to easily connect and engage with audiences from anywhere. Further, in September 2021, CDNetworks, a US-based content delivery network (CDN) provider, launched new live streaming solution, Cloud Live, designed to deliver a seamless streaming experience and make video streaming professional and efficient.

The top opportunities in the live streaming market segmented by component will arise in the platform segment, which will gain $1,432.0 million of global annual sales by 2027. The top opportunities in the live streaming market segmented by model will arise in the business-to-consumer (B2C) segment, which will gain $1,111.1 million of global annual sales by 2027. The top opportunities in the live streaming market segmented by end user will arise in the media and entertainment segment, which will gain $678.8 million of global annual sales by 2027. The live streaming market size will gain the most in the USA at $459.7 million.

Live Streaming Market Segmentation:
The live streaming market is segmented by component, by model and by end user.

By Component -
a) Platform
b) Services

By Model -
a) Business-To-Business (B2B)
b) Business-To-Consumer (B2C).

By End-User -
a) Media And Entertainment
b) Education
c) E-Sports
d) Government
e) Retail
f) Other End-Users.

Major players in the live streaming market include Huya Inc, ViacomCBS Inc, Afreecatv Corp, Twitch Interactive Inc, Scienjoy Holdings Corporation..

The regions covered in the global live streaming market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Live Streaming Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Live Streaming Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Live Streaming Market, Conclusions And Recommendations
23. Appendix

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