Global Video Streaming Market is Set to Reach USD 687.2 billion by 2024

The global video streaming market is expected to grow at a CAGR of 18.8% during the forecast period with its market size predicted to reach USD 687.2 billion by 2024. Globally, video streaming industry players are leveraging market growth through the development of innovative solutions in this system.

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On the basis of end user, the global video streaming market is divided into consumer and enterprise. Among the two categories, the consumer category held larger share in the market in 2018. This is attributed to the fact that increasing penetration of smartphones.

On the basis of revenue model, the global video streaming market is divided into subscription, rental, retail, and advertisement.

On the basis of services, the global video streaming market is segmented into consulting, training and support, and managed services.

Streaming makes e-learning more interactive and engaging to use and further helps in making available data from interactive and engaging. Interactive content and engaging content thus makes the content of a particular video easily understandable and relatable thereby bolstering the growth of the video streaming market worldwide.

Asia-Pacific is expected to witness the fastest growth in this market. Large social media companies like Twitter Inc. are capitalizing on the increasing popularity of this system.

Some of the key players operating in the global video streaming market are Akamai Technologies, Adobe Systems Incorporated, Amazon Web Services, Netflix, Inc., Ustream, Cisco Systems, Inc., Apple, Inc., Google Inc., Microsoft Corporation, and Hulu.

Source: VynZ Research