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Market ScenarioThe global video streaming market is predicted to garner USD 82 billion during the forecast period (2017-2023). The global market is considered to experience 17% CAGR owing to the rapid growth in cloud-based video streaming market, asserts Market Research Future (MRFR). Video streaming is referred to as the real-time viewing of the content over the internet. The content is sent in continuous stream of data in video streaming, and the user does not require to download it. The data can be played continuously as it arrives. It is the one-way transmission of video content over a data network. The content is sent in a compressed form over the Internet and is displayed in real time by the viewer.
Drivers and Constraints Impacting the Market
With the rapid growth in the cloud-based Video Streaming Market, the global video streaming market is estimated to flourish. The use of mobile phones has increased rapidly across the globe owing to the augmenting popularity of online video streaming. This is due to the growing use of social media platforms and digital mediums for activities such as branding and marketing. The increasing adoption of smartphones, in combination with an extensive range of high-speed Internet technologies such as 3G, 4G, and LTE, has led to the increased growth of data across the globe. Video and audio traffic across the globe have also boosted the consumption of Internet data.
The accelerating demand for devices capable of supporting digital media is further helping consumers to access media content anywhere across the globe, which is contributing to the growth of the video streaming market during the assessment period. Moreover, the growing adoption of over the top (OTT) into existing video streaming systems has resulted in the growth of global video streaming market. The demand for video streaming is triggering across the globe owing to increased interest of users for watching live events, advertisements, and video calling. The convenience offered to the users and increased live streamed content are some of the prime factors influencing the market growth during the appraisal period.
On the flip side, piracy and low bandwidth, interruptions in streaming flow, or limited streaming speed are some of the major concerns considered to dampen the growth of the video streaming market in the coming years.
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Key Players
The prominent players in video streaming market are Netflix (U.S.), Adobe Systems Incorporated (U.S.), Ustream (U.S.), Amazon Web Service, Inc. (U.S.), Akamai Technologies (U.S.), Microsoft Corporation (U.S.), Apple , Inc. (U.S.), Google (U.S.), Hulu (U.S.), and Cisco Systems, Inc. (U.S.) among others.
Segments:
Video streaming market can be segmented on the basis of following:
By Streaming Type
Live Video Streaming
Non-Linear Video Streaming
By Platform
Laptops and Desktops
Tablets and Smartphones
Smart TVs
Gaming Consoles
By Deployment
Cloud
On-Premise
By Solution
Pay TV
Internet Protocol Television
Over The Top (OTT)
By Service
Training and Support
Consulting
Managed Services
By Revenue Model
Subscription
Rental
Advertisement
Retail
By Vertical
BFSI
Healthcare
Education
Media & Entertainment
IT & Telecommunication
Retail
Government
Regional Analysis:
The regional analysis of video streaming market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in video streaming market in North America attributes to the technical advancements and increasing use of mobiles and tablets in that region.
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Intended Audience
Technology investors
Research/Consultancy firms
Video streaming solution providers
Live streaming providers
On-demand streaming providers
Service providers
Platform vendors
Third party providers
Cloud service providers
Internet service providers
Application service providers
Technology providers
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 489534
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