The Future of Live Streaming: 2024 Global Industry Insights

"The Business Research Company recently released a comprehensive report on the Global Live Streaming Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The live streaming market size has grown exponentially in recent years. It will grow from $1.51 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in new video streaming subscriptions, surging popularity of e-sports and video games and increased demand for computing devices such as pcs and laptops. .

The live streaming market size is expected to see exponential growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to increase in mobile video viewing, increasing internet penetration and growing young/millennial population. Major trends in the forecast period include focus on product launches, mergers and acquisitions, launch of cloud-based live streaming services, technology advancements, subscription-based streaming services and increasing investments. .

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Market Drivers and Trends:

Increasing internet penetration in both rural and urban areas is expected to drive the growth of the live-streaming market going forward. Rising penetration of the internet helps consumers gain access to live streaming. For example, as of October 2022, according to DataReportal, a Singaporean online reference library, a total of 5.07 billion people around the world use the internet equivalent to 63.5 % of the world's total population. Internet users continue to grow too with the data indicating that the world's connected population grew by more than 170 million in the past 12 months. Additionally, in July 2022, according to Livemint, an Indian financial daily newspaper, there are a total of 692 million active internet users in India, including 351 million from rural India and 341 from urban India. The report estimates that there will be 900 million internet users in India by 2025. Therefore, increasing internet penetration is expected to propel the growth of the live-streaming market.

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.

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Major Key Players of the Market:

Kobe Steel Ltd, Aalberts N.V, Nikkiso Co. Ltd, Bodycote PLC, Hoganas AB, Pressure Technology Inc, Hiperbaric, FREY & Co. GmbH, Dorst Technologies GmbH & Co. KG, MTI Corporation, Shanxi Golden Kaiyuan Co. Ltd, Shenyang Kejing Auto-instrument Co. Ltd, PTC Industries, Vima Engineers, Madhuchitt Industries, Xiamen Tmax Battery Equipments Limited, OC Oerlikon Management AG, CREMER Thermoprozessanlagen GmbH, Loomis Products Company, Isoform NV, Morgan Advanced Materials Plc, JSC Polema, Altha Powder Metallurgy Sp. z o.o, Z?omex S.A, Kennametal Inc, American Isostatic Presses Inc, Stack Metallurgical Group, Burloak Technologie, Magnesita Refratários S.A.

Live Streaming Market 2024 Key Insights:

• The live streaming market size is expected to see exponential growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%.
• The Surge In Internet Penetration Driving The Growth Of The Live Streaming Market
• Enhancing Streaming Experiences With The Rise Of Cloud-Based Live Streaming Services
• Asia-Pacific was the largest region in the live-streaming market in 2023

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