Video Streaming Market Growth Prospects, Key Vendors, and Future Scenario

Posted by Devanshu Shrivastava on April 5th, 2021

The ballooning popularity of video streaming services such as Netflix Inc. is also positively impacting the popularity of video streaming throughout the world. This is, in turn, driving the advancement of the global video streaming market. According to the estimates of P&S Intelligence, a market research company based in India, the valuation of the video streaming industry will grow from 5.3 billion in 2018 to 8.7 billion by 2024. Furthermore, the market will progress at a CAGR of 19.1% during 2019–2024.

Linear and non-linear are the main two types of video streaming services used across the world. Between these, the demand for non-linear video streaming was found to be higher all over the world during the last few years. This was because of the rapid technological advancements in telecom infrastructure and the subsequent development of scalable and definite content for viewing.

These types of platforms allow individual viewership while offering the comfort of viewing content as per one’s convenience. Globally, the demand for video streaming is predicted to surge sharply in the Asia-Pacific (APAC) region in the upcoming years. This will be because of the increasing number of internet users and the rapidly declining costs of data in this region, on account of the ballooning internet penetration.

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As per reports, the total internet penetration, especially in regional countries such as India, China, and Bangladesh grew from 35% in 2014 to 45% in 2018. Hence, it can be safely said that the demand for video streaming will soar all over the world in the coming years, mainly because of the increasing popularity of various social media platforms and the surging penetration of the internet in several countries.

This market research report provides a comprehensive overview of the market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings