According to the latest report by IMARC Group, titled "Video Streaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global video streaming market size reached US$ 61.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 183.2 Billion by 2027, exhibiting a growth rate (CAGR) of 19.8% during 2022-2027.
Streaming refers to the transmission of data with help of the internet from one storage device to another device. Video streaming is a technology that enables the user to view video content online on the internet without the need of downloading the media files. It reduces the requirement for storage space and enables immediate access and convenience to customers of watching the desirable content.
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Global Video Streaming Market Trends:
The easy access to high-speed internet represents a key factor driving the market growth. In line with this, the increasing deployment of machine learning (ML), artificial intelligence (AI), and blockchain in video production, including editing, cinematography, voice-overs, and scriptwriting is contributing to the market growth. Apart from this, the rising sales of smartphones and smart televisions (TVs) are acting as another major factor inducing the market growth across the globe. The market is also driven by the rise in the demand for video streaming solutions in schools, institutes, colleges, and universities owing to the better learning processes offered by through visual recordings of courses. Moreover, the rising popularity of social media platforms among consumers is contributing to the market growth. Other factors, such as rising digitization across industries and the increasing video streaming services at affordable subscriptions packs, are creating a positive outlook for the market.
Video Streaming Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the video streaming market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the video streaming market on the basis of component, streaming type, revenue model and end user.
Breakup by Component:
Breakup by Streaming Type:
Breakup by Revenue Model:
Breakup by End User:
Breakup by Region:
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