Video Streaming Market is accounted to register a CAGR of 18.90% during the forecast period & is estimated to reach $7.6 Billion by 2032.

Market Research Future Insights:

According to MRFR analysis, the global video streaming market is expected to register a CAGR of 18.10% from 2023 to 2032 and hold a value of over USD 1117.796564 Billion by 2032.

The video streaming market refers to the distribution of video content over the internet to various devices, such as smartphones, tablets, computers, and smart TVs. It allows users to watch videos on-demand or in real time without the need for traditional broadcast methods. The COVID-19 pandemic has significantly impacted the video streaming market. With people staying at home due to lockdowns and social distancing measures, there has been a substantial increase in video streaming consumption. This surge in demand for online entertainment has led to a substantial rise in subscribers for video streaming platforms. Streaming services witnessed increased viewership, as people turned to streaming platforms for movies, TV shows, and other forms of entertainment during the pandemic.

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Video Streaming Industry Key Players:

Some of the market key players are.

• Netflix
• Google LLC
• Amazon web services
• Micro-soft corporation
• Adobe Inc
• Walt Disney
• Apple Inc
• Cisco system Inc
• IBM corporation
• Akamai technologies

Market Segmentation:

The Global video streaming market has been segmented into Components, Type and Distribution Channel

Based on Components: Solution and Services

Based on Type: Video Hosting Management – Non–Linear Video Streaming, Video Analytics – Non–Linear Video Streaming, Video Content – Non–Linear Video Streaming, Live Streaming – Linear Video Streaming and Mobile Video

Based on Distribution Channel: Commercial video platforms, Academic and education, Video sharing, Advertising, Government, Health care, Retail and e-commerce, Media and IT and telecommunication

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Recent Developments in the Market:

• The growth of live streaming is one of the most significant trends in the video streaming market. Live streaming is becoming increasingly popular for a variety of purposes, including sporting events, concerts, and educational content.
• The rise of 5G is also having a major impact on the video streaming market. 5G provides faster speeds and lower latency, which makes it ideal for streaming high-quality video.
• The increasing popularity of smart TVs is also driving growth in the video streaming market. Smart TVs make it easy to access streaming content directly from the TV, without the need for a separate streaming device.
• The growth of subscription-based streaming services is another major trend in the video streaming market. Subscription-based services offer a wide variety of content, and they are becoming increasingly popular as consumers look for convenient and affordable ways to watch their favorite shows and movies.

The video streaming market is expected to continue to grow in the coming years. The growth of live streaming, 5G, smart TVs, and subscription-based streaming services will all contribute to the growth of the market.

May 2023

Netflix announced a collaboration with Google LLC to enhance the streaming experience. This partnership aims to leverage Google’s cloud technology to optimize content delivery, improve video quality, and enhance the overall streaming performance for Netflix subscribers.

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