June 30, 2020
As per the report titled ‘Global Video Streaming Market Analysis By Streaming Type (VOD, Live), Revenue Model, By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global video streaming market is expected to record remunerative growth over 2020-2025.
Due to increasing internet penetration, rising number of smartphone users, and surging investments in good quality content are expected to drive the market size of video streaming in the near future. Also, increasing use of modern technologies in digital media complemented by imposition of lockdown by various governments in order to limit the spread of COVID-19 pandemic are expected to catalyze the growth of global video streaming market. Conventional media companies and video on demand platforms Netflix, Disney+, and Amazon Prime are battling it out to stream the best content to increase their subscribers amidst COVID-19 pandemic.
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Based on streaming type, video on demand segment is expected to register notable growth in the ensuing years owing to the convenience of streaming video as per consumer’s choice.
Based on revenue model, SVOD segment is anticipated to record substantiable growth during the analysis timeframe. This is majorly due to all-time availability and high revenue generation.
Based on end-user spectrum, media and entertainment segment is anticipated to grow exponentially owing to increasing demand of entertainment on digital platform.
Speaking of the regional landscape, North America is expected to continue its dominance in the subsequent years owing to increasing internet penetration and surging adoption of digital media.
The major companies operating in global video streaming market are Amazon Prime Video, Hulu, YouTube, Netflix, Akamai Technologies, and Roku among others.