Asia Pacific Video Streaming Market Estimated To Reach USD 31.05 Billion By 2025
Posted by Neha Bora on February 25th, 2020
San Francisco, 25 February 2020: The Report Asia Pacific Video Streaming Market Size, Share & Trends Analysis Report By Streaming, By Solution, By Platform, By Service, By Application, By Revenue Model, By Deployment, By User, And Segments Forecasts, 2019 – 2025
The Asia pacific video streaming market size is expected to reach USD 31,054.1 million by 2025, registering a 20.7% CAGR from 2019 to 2025 according to a new study by Grand View Research, Inc. The market is expected to grow over the forecast period owing to an extensive rise in consumption of online videos and the rising demand for viewing on-demand videos. In the Asia Pacific region, media consumption has grown drastically, especially due to the shift from traditional media to digital media.
The growing adoption of smartphones and the easy availability of high-speed 3G, 4G, and LTE internet services in several countries in the region have led to a massive rise in digital data consumption volumes. In the near future, the network connectivity with 5G technology is expected to lead to an increase in the consumption of videos, especially in Japan, China, and South Korea where the commercial deployment of 5G is already in process.
Easy access to high-speed internet in several countries in the region is also expected to drive the growth of the market. The high number of users of audio and video streaming services has boosted internet data consumption. Furthermore, there is a growing demand for connected devices and consumer electronics devices that can support digital media and high-speed internet technologies, which can allow consumers to access videos from anywhere.
However, there are also some challenges faced by the market that can change its growth prospects in the coming years. Over the past few years, the creation of media content has witnessed a drastic change with a shift from traditional television to online digital platforms. Online entertainment content providers such as Netflix, Amazon, and Hulu have successfully introduced acclaimed original video content in the region. These companies are also financing content in regional languages in a bid to attract customers, especially in multilingual countries such as India. The rising competition in the market, high cost of content creation, and technical difficulties associated with viewing videos online are expected to hinder the market growth to an extent over the forecast period.
Some of the major video streaming solution providers in the region include Amazon Web Series, Inc., Google Inc., Microsoft Corporation, Netflix, Inc., and Tencent, iQIYI, Inc.
Access Research Report of Asia Pacific Video Streaming Market @ https://www.grandviewresearch.com/industry-analysis/asia-pacific-video-streaming-market
Further key findings from the report suggest:
Grand View Research has segmented the Asia Pacific video streaming market on the basis of streaming, solution, platform, service, revenue model, deployment, user, application, and country.
Asia Pacific Video Streaming Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Solution Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Platform Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Service Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Revenue Model Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Deployment Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming User Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Application Outlook (Revenue, USD Million, 2014 - 2025)
Asia Pacific Video Streaming Country Outlook (Revenue, USD Million, 2014 - 2025)
Like it? Share it!
About the AuthorNeha Bora
Joined: September 16th, 2019
Articles Posted: 1,099
More by this author