Video Streaming Market 2021: Global Industry Analysis, Size, Share to 2031
Posted by Akshay Solanki on April 22nd, 2022
The one-way transmission of video material via a data network is known as video streaming. It’s a sort of media streaming in which data from a video file is sent over the Internet to a remote user in real time. Instead of downloading a file and watching it later, users can watch videos in real time. People are increasingly using their tablets or smartphones to view movies, watch videos, follow their favorite sports team etc. As a result, it is gaining momentum as a rapidly developing market all over the world. Over the past decade or so, there have been several new streaming platforms that have revolutionized this market, appealing to people of all ages and in different genres. Video streaming is a service that broadcasters hope to develop further with new technologies and development.
COVID-19 Impact Analysis:
COVID-19 safety procedures have resulted in a significant growth in the market for video streaming software. Because most individuals are staying at home due to mandatory confinement measures and health safety compliances, there has been an increase in VoD and OTT subscriptions. Furthermore, it has resulted in a greater desire for entertainment, leading to increased use of video streaming services. Throughout the study, the influence of the COVID-19 pandemic on the market is discussed. As pandemic has eased in 2022 with more offline activities are available, there has been perceptible fall in growth of the segment which went into hyper growth mode during the pandemic.
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About the AuthorAkshay Solanki
Joined: December 29th, 2020
Articles Posted: 475
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