Pune, India, May 09, 2019 (GLOBE NEWSWIRE) -- According to Market Research Future (MRFR) analysis, the global video streaming market is enjoying widespread percolation, across industries, which is expected to provide a thrust by 20.8% CAGR during the forecast period (2018-2023). In the process, a market valuation of USD 102.09 billion by the end of 2023 could be achieved. Internet has integrated several technological advancements such as the inclusion of data streaming to change the dynamics of the virtual world. Video streaming is a benefit of such advancements where data from a video file gets transferred to a remote user. The process can be categorized under media streaming where downloading the file is not needed. Following the idea of data streaming, video streaming compresses video file data and sends it to the device, that has requested for it, in small chunks. The process depends on the compression of media files which the server controls with a specific set of algorithms.
Factors Inspiring the Market
Video streaming, in many cases, have reduced the need for physical presence. Interviews, meetings, seminars, personal chats, and many other occasions are gaining from video streaming. This considerably reduces transport and other costs. In many organizations, to stay in touch with employees on a daily basis people prefer video streaming. Mediums like Skype, Facebook Messenger, Facetime, and others are banking mostly on a sound connection and low latency. On the other hand, entertainment industry is gaining strong tailwinds due to the increase in use of video streaming. Several sites have come up with their own plans and contents to reach out to a wider customer base. Market titans such as Netflix, Amazon Prime, Hulu, Hooq, and others are competing hard to gain momentum. These on-demand video streaming is emerging as a differentiating factor. The video streaming market is further getting bolstered by 5G network settings. Partnerships between video streaming providers and telecom network providers can drastically transform the video streaming industry. The industry is also witnessing a surge in technological advancements of mediums. Devices such as smart television and smartphones are now much better-equipped to handle continuous streaming.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/3150
Segmentation:
MRFR’s analysis of the global video streaming market has segmentations based on type, deployment, platform, component, and model. This type of segmentation is leading to a much precise market analysis. Based on the type, the video streaming market includes on-demand video streaming and live video streaming. The on-demand video streaming segment had 59.3% in 2018 which gives it clearly the dominant role and it is deemed to achieve 19.9% CAGR over the review period.
By deployment, the video streaming segment includes cloud and on-premise sub-segments. The cloud segment has the potential to achieve the highest CAGR by reaching up to 21.7% during the forecast period.
By platform, the Video Streaming Market includes laptops & desktops, smartphones, smart TVs, and gaming consoles. The smartphones segment had the maximum market coverage of 32.8% in 2018 and can accrue the highest CAGR of 23.9% over the review period.
By component, the global video streaming market comprises software solutions and services. The software solution segment had 57.7% of the global market share in 2018 and is expected to rise with 20.1% during the forecast period. The software solutions segment consists video analytics solution, video management solution, and video security solution. The video management solution segment is expected to attain 19.8% CAGR during the forecast period. Based on the services, the global video streaming market includes professional services and managed services. The professional services segment covered the maximum market in 2018 and expects to register the highest CAGR of 23.1% during the forecast period.
Based on the model, the global video streaming market consists advertisement supported video on demand, subscription video on demand, and hybrid. The subscription video on demand segment is expected to grow with 19.7% over the forecast period.
Mapping the Global Market:
The global video streaming market can be segmented into North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). North America has the highest market coverage due to incredible technological infrastructure. In 2018, the market in North America responded well with a valuation of USD 12,329.3 million. Currently, it could gain 21.2% CAGR during the forecast period. Europe’s market was valued at USD 10,827 million and the market is projected to rise by 20.3% during the forecast period. The APAC region could be the fastest growing among its peers with 23.1% CAGR over the review period.
Get Complete Report @ https://www.marketresearchfuture.com/reports/video-streaming-market-3150
Head-to-Head
The intense competition to take the baton of the video streaming market has led to various developments in strategies. These are also impacting the global market. MRFR’s report enlists market titans such as Amazon Web Services, Netflix, Inc., Adobe Inc., Google LLC, Microsoft Corporation, Walt Disney Company (Hulu), Apple Inc., IBM Corporation, Cisco Systems Inc., and Akamai Technologies Inc..
Apple, in March 2019, announced their intention to enter the video streaming market with Apple TV Plus Video subscription services. The service would offer ad-free programs, online & offline facilities, and on-demand services.
In 2019, Disney and Fox merger gave Disney the major share in Hulu due to which they are now planning on developing contents based on Marvel comics, Star Wars, and others to take on Netflix.
Related Reports
Video Streaming Software Market Research Report: Information by Component (Transcoding & Processing, Video Management, Video Delivery & Distribution, Video Security), Streaming Type (Live, Video-On-Demand), Deployment, Vertical – Forecast till 2023. Global Video Streaming Software Market is expected to grow at a CAGR of approximately 18% during the forecast period 2017-2023
https://www.marketresearchfuture.com/reports/video-streaming-software-market-5228
Cloud Video Streaming Market, By Components (By Streaming Cloud Content), By Streaming Type (Live Streaming, Video on Demand, Video Hosting), By Cloud Deployment (Private Cloud, Hybrid Cloud), By Vertical (Media & Entertainment, Education, Government) - Forecast 2023. Cloud Video Streaming Market is expected to grow at approximately USD 16.6 Billion by 2023, at 18.9% of CAGR between 2017 and 2023.
https://www.marketresearchfuture.com/reports/cloud-video-streaming-market-4122
About Market Research Future:
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.