Global Video Streaming Market: Growth Rate Analysis 2023
Global Video Streaming Market Overview
In its research report, Market Research Future (MRFR), emphasizes that the global video streaming market 2020 is predicted to grow exponentially over the review period, securing a substantial market valuation from USD 39.61 billion in 2018 to USD 102.09 billion by 2023, and a healthy 20.8% CAGR over the review period.
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Drivers and Restraints
The video-sharing industry is predicted to expand exponentially with developments in emerging technology and the introduction of 5 G broadband services to the network. Partnerships and partnerships between mobile network providers and video streaming services are predicted to grow over the next few years to give customers uninterrupted viewing experience. Rising technological developments such as the introduction of block-chain video sharing technologies and the use of artificial intelligence (AI) to increase the quality of content are predicted to fuel consumer demand over the assessment period. Furthermore, the growing acceptance of cloud-based streaming solutions to increase scope directly affects market growth.
The prominent players in Global Video Streaming Market are – Netflix (U.S.), Adobe Systems Incorporated (U.S.), Ustream (U.S.), Amazon Web Service, Inc. (U.S.), Akamai Technologies (U.S.), Microsoft Corporation (U.S.), Apple , Inc. (U.S.), Google (U.S.), Hulu (U.S.), and Cisco Systems, Inc. (U.S.) among others.
Global Video Streaming Market: Segmental Analysis
The global video streaming market has been analyzed on the basis of deployment, type, component, platform, model, and region.
The market, based on the type, has been bifurcated into on-demand video streaming and live video streaming. The on-demand video streaming segment secured the largest market share of 59.3% in 2018; it is poised to register a CAGR of 19.9% during the assessment period.
The deployment segment includes cloud and on-premise sub-segments. The cloud segment is poised to register the fastest CAGR of 21.7% during the assessment period.
Based on platform, the market has been segmented into smart TVs, laptops & desktops, smartphones, and gaming consoles. The smartphone segment registered the largest market share of 32.8% in 2018; it is slated to register the fastest CAGR of 23.9% over the assessment period.
Based on the component, the global video streaming market has been bifurcated into software solutions and services. The software solution segment accounted for the largest market share of 57.7% in 2018; it is slated to register a CAGR of 20.1% over the assessment period. The software solutions segment has further been divided into video analytics solutions, video management solution, and video security solutions. The video management solution segment is slated to register a CAGR of 19.8% over the assessment period. By the services, the global video streaming market has been bifurcated into professional services and managed services. The professional services segment recorded the largest market share in 2018, and it is poised to register the fastest CAGR of 23.1% over the assessment period.
By the model, the global video streaming market has been segmented into the advertisement-supported video on demand, subscription video on demand, and hybrid. The subscription video-on-demand segment is slated to register a CAGR of 19.7% during the assessment period
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