Press release
Content Streaming Global Market Poised to Reach $271.49 Billion at a CAGR if 14.0% By 2028, Predicts The Business Research Company
"The new report published by The Business Research Company, titled Content 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 content streaming market size has grown rapidly in recent years. It will grow from $140.55 billion in 2023 to $160.55 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The content streaming market size is expected to see rapid growth in the next few years. It will grow to $271.49 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%.
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Digital Transformation Fuels The Content Streaming Market
The increase in the number of devices that are capable of supporting digital media (such as smartphones, tablets, laptops, desktops, and smart TVs) along with increased internet access speed with better networks, coverage, and advanced technologies (3G, 4G / LTE) has provided consumers with an option to access the media content of his/her choice such as information, entertainment or social activity anytime, anywhere. Moreover, the rise in digital media players such as Netflix, Hulu, Amazon, Apple TV, Roku, and Boxee has shown a tremendous increase in online media consumption. Thus, the increase in the number of mobile devices, internet connectivity, and digital media players or content providers makes it easier for consumers to access music and video content going forward which thereby increases the growth of the content streaming market in the forecast period.
Innovative Technologies Reshaping The Video Streaming Landscape
Companies in the video streaming market are increasingly implementing blockchain technology and AI to have cost benefits. Blockchain technology allows the video streaming providers to store data on thousands of servers globally that help the companies to have cost cuts associated with the content or massive video files stored on servers. For instance, Video Coin, a video streaming providing startup is thinking to invest in implementing blockchain technology to provide video content at lower prices. Also, the companies in the video streaming market are using artificial intelligence to improve their content quality. For instance, streaming services such as Netflix, Amazon Prime, and Spotify make use of machine learning a subset of artificial intelligence (AI) to improve the user experience by tracking the user's interests and recommending the content of user interest. AI also improves video quality by reducing video buffering through video compression.
The content streaming market covered in this report is segmented -
1) By Type: On-Demand Video Streaming, Live Video Streaming
2) By Deployment: Cloud, On-Premise
3) By End User: Consumer, Enterprise
Sub-Segments
By Platform: Smartphones, Laptops & Desktops, Smart TVs, Gaming Consoles
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Major companies operating in the content streaming market include Netflix Inc., Amazon Web Services Inc., Akamai Technologies Inc., Hulu LLC., Apple Inc., Google LLC, Cisco Systems Inc., Disney+, Kaltura Inc., AT&T Inc., Adobe Inc., IBM Corporation, Tencent Video, iQIYI Inc., HBO Max, Paramount Plus, Eros Digital FZ LLC, ALT Digital Media Entertainment Limited, Globo Comunicação e Participações S.A., Starz Entertainment LLC, iFlix Sdn Bhd, ESPN Inc., Peacock TV LLC, Canal Plus Group SA, CuriosityStream Inc., StarTimes Media, Sony Pictures Networks India Private Limited, Discovery Inc., DAZN Group Limited, PCCW Media Limited, AMC Networks Inc., MUBI Inc., Nordic Entertainment Group AB, WatchIT Media FZ LLC, Ellation LLC, RTL Group Sam, BluTV AS, MBC Group, Yandex LLC, Bell Media Inc
Contents of the report:
1. Executive Summary
2. Content Streaming Market Report Structure
3. Content Streaming Market Trends And Strategies
4. Content Streaming Market - Macro Economic Scenario
5. Content Streaming Market Size And Growth
…..
27. Content Streaming Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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