NEW YORK, October 14, 2016 /PRNewswire/ --
The global video streaming market has been growing substantially, largely due to the growth of mobile based streaming. Video content is slowly becoming the more prominent form of absorbing information, and as a result there has been an increase in digitization and growth of video content delivery network among businesses. Facebook Inc. (NASDAQ: FB), Twitter Inc. (NASDAQ: TWTR), ChineseInvestors.com Inc. (OTC: CIIX), SINA Corp. (NASDAQ: SINA), Weibo Corp. (NASDAQ: WB)
A research report by MarketsandMarkets discusses the global video streaming market in detail. The report predicts that in coming years 50% of viewers would stream online video from their smartphones. The increasing usage of cloud-based video streaming solutions is also helping this market to grow. The emergence of cloud-based video streaming solutions allows small companies to adopt these video streaming solutions without major expanses on IT resources. The research indicates the global video streaming market to grow from USD 30.29 Billion in 2016 to USD 70.05 Billion by 2021, at a CAGR of 18.3%.
Large social media companies like Twitter Inc. (NASDAQ: TWTR) have capitalized on the increasing popularity of video streaming. Twitter has signed deals with National Football League and National Basketball Association to draw a larger audience to their platform. Facebook Inc. (NASDAQ: FB) has seen its revenues skyrocket over the last two years because of the popularity of the video streaming feature. The company has deals with over 100 celebrities and media companies to produce videos for Facebook Live.
Companies with a more specific focus like ChineseInvestors.com Inc. (OTCQB: CIIX) are also seeing the earnings potential of live video streaming. The company provides video streaming services to VIP members, who can gain from a more personalized experience with the video content. Earlier this year the company's VIP membership subscription growth hit record highs.
Last month, ChineseInvestors.com Inc. (CIIX) announced it has formed a strategic partnership with Tiger Brokers, the largest online financial brokerage in China. China-based investors in the US stock exchanges have reached a level of 1 million people this year, and that number is increasing annually as per Tiger Brokers research. Just this week SeethruEquity, a company that describes itself as a leading independent equity research firm, views ChineseInvestors.com as a high-risk/high-reward investment opportunity in the micro-cap Internet information provider and financial media space, with potential for upside if the company can generate renewed traction with its investor relations services business.
Chinese companies have been quite innovative providing new live stream services and features. Following the examples of Facebook and Twitter, SINA Corp. (NASDAQ: SINA) together with Weibo Corp. (NASDAQ: WB) launched live streaming services earlier in May which serves a venue for Weibo to acquire new users. Weibo itself is a live platform with features like live moments live events, and live interactions constantly updated 24x7.
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