According to the latest research by SkyQuest Technology, the video live streaming solutions market was valued at USD 4.18 billion in 2021, and it is expected to reach USD 16.33 billion by 2028, with a CAGR of 21.5% during the forecast period of 2022-2028. The research provides up-to-date video live streaming solutions market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Due to the expansion of the live streaming industry, there were a lot more live videos and live streaming events by the middle of 2015. Television is the live video medium that is most commonly used, while social media platforms are the main places to find live video content. Using internet platforms like YouTube and Instagram, brands and public personalities have begun actively communicating with their target audiences. Additionally, as eSports and video games gained popularity among people of all ages, live video game streaming grew in popularity.
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According to a survey conducted, more than 67 % of consumers worldwide streamed live video content in 2018, and more than 52 % of that group chose free, ad-supported live streaming over subscription-based and paid live streaming. Live video is revolutionizing how companies communicate with their customers, thus live streaming is no longer a novelty for marketers. Live video attracts people in a way that other social media platforms do not because it is immediate and genuine. As a result, 28% of marketers seek to increase their live streaming budgets. Live streaming is expanding in popularity as a viable alternative to social media updates, which will help it develop.
Roughly 47% of consumers globally have increased their live streaming time. As a result, the global video live streaming solutions market is still growing quickly. Additionally, emerging areas’ rising urbanization rates and population growth have a favorable effect on the market expansion. Blockchain technology and artificial intelligence are two innovations in video quality that are expected to boost industry growth. Artificial intelligence is used to help with a range of aspects of video creation and upload, including editing, cinematography, voice-overs, scriptwriting, and more. Many providers of video streaming services employ AI to improve the quality of their video material.
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Read Market Research Report, “Global Video Lives Streaming Solutions Market by Service (Consulting, Managed Services, Training & Support), Deployment Type (Offline, Cloud), and Region —Forecast and Analysis 2022-2028” by SkyQuest
Due to the presence of dominant players, North America is predicted to hold the largest share for the video live streaming solutions market during the projection period. Additionally, the growing number of users of video on demand and gaming platforms in the United States and Canada contributes to the market’s expansion. The region’s market growth is further facilitated by the enormous viewership and robust demand for OTT platform products. The region’s live streaming industry is developing as a result of increased government and network provider collaboration, more cloud-based technology use, and other factors. North America’s revenue share was 39 percent, and it is anticipated to rise even further. The quick development and acceptance of cloud-based streaming services contributed significantly to this. A large percentage of the market was in the European region. As many people view content on the internet, it is expected to grow steadily. This is due to a rise in the usage of smartphones and tablets, as well as to the quick advancements in technology and the acceptance of online streaming.
The Asia Pacific (APAC) region is anticipated to have the quickest market growth because of its dense population. The Asia Pacific region now rules the global video live streaming solutions market due to its sizable user base. The influx of live video streaming services and rising customer preference for live streaming over traditional television channels are driving the sector. Regional market growth has been propelled by the growing Internet penetration and adoption of digital innovation in emerging economies like China, Malaysia, Singapore, and India. The APAC live streaming market had a value of USD 8,882.9 million and is projected to reach USD 93,445.2 million by 2028, growing at a 30.6 percent compound annual growth rate. Asia Pacific is predicted to experience the highest CAGR growth during the projection period. Due to customers’ quick adoption of various video streaming options like OTT platforms and video on demand, the market is expanding at a significant rate.
Additionally, due to the expanding popularity of on-demand videos and the soaring demand for internet live streaming videos, Europe is progressing on a generally positive note.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about video live streaming solutions Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
● Drivers- With a high-speed network connection and the ability to connect various devices, including tablets and smartphones, consumers prefer video live streaming options. Additionally, by supporting additional devices, live video service providers have the chance to improve their video delivery platforms and offer cross-screen services.
● Restraints- Distributors of video content are constantly at risk of having their video content tampered with. Video content piracy causes revenue losses that are paid for by content providers and creators by reducing their earnings
What does this Report Deliver?
● Market Estimation for 20+ Countries
● Video Live Streaming Solutions Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country-specific video live streaming solutions Market Trends
● Comprehensive Mapping of Video Live Streaming Solutions Industry Parameters
● Attractive Investment Proposition in the Global Video Live Streaming Solutions Industry
● Competitive Strategies Adopted by Video Live Streaming Solutions Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the Video Live Streaming Solutions Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Video Live Streaming Solutions Market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter’s five force analysis to know the market’s condition
● Pricing Analysis and Video Live Streaming Solutions Market Sales
● Parent market analysis
● Product portfolio benchmarking
SkyQuest has Segmented the Global Video Live Streaming Solutions Market based on Service, Deployment Type, and Region:
● Global Video Live Streaming Solutions Market by Service (Revenue, US$ billion, 2021 – 2028)
○ Consulting
○ Managed Services
○ Training & Support
● Global Video Live Streaming Solutions Market by Deployment Type (Revenue, US$ billion, 2021 – 2028)
○ Offline
○ Cloud
● Global Video Live Streaming Solutions Market by Region (Revenue, US$ billion, 2021 – 2028)
○ North America
■ US
■ Canada
○ Europe
■ Germany
■ France
■ UK
■ Italy
■ Spain
■ Rest of Europe
○ Asia Pacific
■ China
■ India
■ Japan
■ Rest of Asia Pacific
○ Central & South America
■ Brazil
■ Rest of CSA
○ Middle East & Africa
■ GCC Countries
■ South Africa
■ Rest of MEA
Key Players in the Global Video Live Streaming Solutions Market
● Flux Broadcast (UK)
● Dacast (US)
● Huya Inc. (China)
● Periscope (UK)
● TV (UK)
● Microsoft Corporation (US)
● Google Inc. (US)
● Facebook Inc. (US)
● Twitch Interactive Inc. (US)
● AfreecaTV Co. Ltd. (South Korea)
● Vimeo (US)
● IBM Corporation (US)
● Empire Video Productions LLC (US)
● Instagram Inc.(US)
● Hr (Croatia) com Inc. (US)
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617-230-0741
Email- info@skyquestt.com
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