Global video streaming market is anticipated to grow at a significant CAGR of 18.9% during the forecast period. The market growth is driven by the rapid adoption of mobile phones, and increasing usage of social media platforms and other digital channels for branding and marketing purposes. The increasing video data traffic around the globe owing to a surge in the demand for videos with better resolution has propelled the market growth.
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Recent Developments
- In June 2023, Apple revealed forthcoming software updates to improve the Apple TV 4K experience, making it even more satisfying, interactive, and engaging for the entire family.
- In March 2023, CDNetworks announced its adoption of HTTP/3 and QUIC, a network protocol pioneered by Google. This significant development marks a substantial step forward in the company’s mission to improve web application performance, particularly in areas such as live streaming, and to streamline network transmissions.
- In March 2021, IBM launched a replacement video feature for its video streaming and enterprise video platforms. This permits organizations to update outdated videos with more recent versions while not worrying about the logistics around URL (Uniform Resource Locator) links or instances where the video was embedded.
- In February 2021, Brightcove Inc. launched Brightcove Cloud Playout, a new feature that improves Brightcove’s end-to-end video platform and makes it one of the few online video providers to deliver this capability. Brightcove assists in propelling businesses forward through the video, by delivering a complete video ecosystem with cutting-edge technology, tools, incomparable knowledge, and customer support.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Solution
o By Streaming Type
o By Deployment Type
o By End-Users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Amazon Web Services, Inc., Google LLC, Hulu, LLC, Microsoft Corp., and Netflix Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Video Streaming Market Report Segment
By Solution
- Transcoding & Processing
- Video Analytics
- Video Delivery & Distribution
- Video Management
- Video Security
- Others (Internet Protocol TV, Over-the-Top (OTT) and Pay-TV)
By Streaming Type
- Live Streaming
- On-Demand Streaming
By Deployment Type
- On-Premises
- On-Cloud
By End User
- BFSI (Banking, Financial Services and Insurance)
- Education
- Broadcasters
- Media & Operators
- Healthcare
- Government
- Others (Gaming)
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