May 27th, 2022
Video Streaming Market
Video Streaming Market is predicted to witness a promising CAGR of 21% over the forecast period, owing to the growing adoption of digital media across several industries.
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Video analytics provide data required to improve and transform customer experience with better features, thus ensuring audience satisfaction, which drives the global video analytics market growth. Accelerating penetration of internet, 4G, and 5G, and growing use of AI to enhance the content quality of videos will strengthen the market growth. Ongoing technological advancements are projected to cater to the growing demand for superior performance and safety, which is another driver fueling the video streaming market share.
By streaming type, live streaming is predicted to witness a faster CAGR over the forecast period. As pe the video streaming market analysis, surging demand for digital entertainment, media devices, and the incorporation of 5G internet has helped users to recover media content driving the segment’s growth.
By solution, OTT is expected to expand at a higher CAGR over the forecast period, owing to the rising demand for rising demand for increasing automation of business processes.
By regional coverage, North America is anticipated to emerge as a faster growing region owing to the increasing adoption of cloud-based streaming services. As per the Grabyo, the leading company in video production tools, over 40% of Americans depend upon phone, tablets, laptops for telecommunications.
Leading players operating in the market include Amazon Web Services, Inc., Akamai Technologies, Google LLC, Tencent, IQIYI, Inc., Novi Digital Entertainment Pvt Ltd (Hotstar), Iflix, Microsoft Corporation, Netflix, BRIGHTCOVE, among others.
In 2020, Brightcove innovated a new mobile app to simplify employee communications through video, which helped in expanding the product portfolio of the company.
Video Streaming Market Segmentation:
Video Streaming Market by Streaming Type
· Live Video Streaming
· Non-Linear Video Streaming
Video Streaming Market by Solution
· Internet Protocol TV
· Over-the-Top (OTT)
Video Streaming Market by Region:
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
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