Video Streaming Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033

The new report published by The Business Research Company, titled ""Video Streaming Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the video streaming market size has grown exponentially in recent years. It will grow from $575.72 billion in 2023 to $699.91 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The video streaming market size is expected to see exponential growth in the next few years. It will grow to $1,546.27 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%.

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Growing Media And Entertainment Demand Fuels Expansion Of The Video Streaming Market
The rising demand for media and entertainment is expected to propel the growth of the video streaming market going forward. Media and entertainment refers to a broad industry encompassing various forms of content creation, distribution, and consumption aimed at informing, entertaining, and engaging audiences. The demand for media and entertainment has been on a significant rise, driven by several key factors such as shift in consumer behavior, content diversity, social media influence, and innovative content delivery. Video streaming provides flexibility, convenience, and diverse content offerings within media and entertainment platforms, including broader audience reach, cost-effective distribution, valuable data insights, multiple revenue streams, and enhanced viewer engagement. For instance, in January 2024, according to Digital Entertainment and Retail Association ERA, a US-based organization, UK spending on music streaming subscriptions, vinyl records, and compact discs (CDs) grew by 9.6% in 2023 from 5% in 2022. Additionally, the UK entertainment market grew by 7% throughout 2023. Therefore, rising consumer expenditure on media and entertainment drives the video streaming market.

Enhancing Video Streaming Experiences With Adaptive Video Optimization Technology
Major companies operating in the video streaming market are focused on developing innovative technologies, such as adaptive video optimization technology, to ensure a seamless and optimized streaming experience for users across various platforms and devices. Adaptive video optimization technology utilizes advanced algorithms to dynamically adjust video quality based on network conditions, device capabilities, and available bandwidth. This ensures optimal viewing experiences, maintaining high-quality video playback even in challenging network environments. For instance, in May 2024, Agora, a US-based company that offers video streaming services, launched Adaptive Video Optimization (AVO) along with support for the AV1 video codec. It employs a range of sophisticated machine-learning algorithms to tackle prevalent issues. It dynamically adjusts video quality, considering network conditions, device capabilities, and bandwidth availability. Further, it ensures top-notch video quality and optimal performance, even in fluctuating network environments.

The video streaming market covered in this report is segmented -

1) By Component: Software, Content Delivery Services
2) By Type: Video On-Demand, Live Video Streaming
3) By Revenue Model: Subscription, Pay Per View, Premium Purchases, Advertisement-Based Revenue Model, Other Revenue Models
4) By End User: Residential, Commercial

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Major companies operating in the video streaming market are Amazon Prime Video, Netflix Inc., Paramount, Discovery Communications Inc., Hulu LLC, Disney, iQIYI Inc., Apple TV, Viaplay Group AB, DAZN Group, YouTube, Hotstar , Crunchyroll Inc., Tubi Inc., Kaltura Inc., Viki Inc., SonyLIV, Sling TV LLC, Funimation Productions Ltd., Pluto TV , Peacock , BritBox, Acorn TV , Voot, Shudder LLC

Contents of the report:
1. Executive Summary
2. Video Streaming Market Report Structure
3. Video Streaming Market Trends And Strategies
4. Video Streaming Market - Macro Economic Scenario
5. Video Streaming Market Size And Growth
…..
27. Video Streaming Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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