The global video streaming market size is anticipated to reach USD 124.57 Billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 19.6% during the forecast period. Extensive usage of online video coupled with demand for on-demand video is driving the growth. In addition, increasing demand for high speed internet connectivity is projected to act as an advantage for the market growth.
Consumption of digital media has been on the rise across the globe. Growing demand for devices supporting digital media coupled with faster internet helps access media content form anywhere. In U.S., media consumption has grown radically, especially due to the shift from traditional media to digital media. For instance, rising number of digital media players, such as Amazon, Netflix, Apple TV, and Hulu among others, are challenging traditional television as the primary platform for entertainment.
Growing adoption of smartphones in combination with an extensive range of high-speed internet technologies, such as 3G, 4G, and LTE, has subsequently led to an increasing growth of data consumption. The audio and video traffic across the globe has boosted the internet data consumption. These factors are anticipated to bode well for the growth of the video streaming market.
Video training can prove to be effective solution for organizations looking to save time and efforts while training employees. Videos can be recorded and replayed multiple times, thus providing a handy and convenient tool for corporate training. Furthermore, they can be edited and the content can be removed or added. Owing to these advantages, organizations opt for video training, which is projected to drive the market in the forthcoming years.
The live video segment is expected to portray the highest growth over the forecast period. The non-linear video segment is anticipated to witness growth due to increasing demand for content streaming of content, which can be viewed in real-time.
To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/video-streaming-market
Further key findings from the report suggest:
- Consumer segment is expected to register growth over the forecast period majorly due to the convenience of watching videos anytime and anywhere. Increasing mobile subscriptions and adoption of connected devices, especially smartphones, are also expected to contribute to the segment growth
- Over-the-Top (OTT) segment is expected to register the highest CAGR over forecast period. Advancement in enterprise video technology such as superior video codec, web based real-time communication, captioning, indexing, and transcoding and aggregation are expected to spur the demand
- Asia Pacific video streaming market is expected to witness significant growth over the forecast period, majorly due to increasing demand for high speed internet connectivity and on-demand streaming
- The key market players areAkamai Technologies, Inc.; Amazon Web Services; Apple, Inc.; Cisco Systems, Inc.; Google Inc.; Kaltura, Inc.; Netflix, Inc..; Ustream; Wowza Media Systems; AT&T Inc.; and Hulu, LLC.
See More Reports of This Category:
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.