BANGALORE, India, Sept. 30, 2020 /PRNewswire/ -- According to the Latest Market Research Report "Video Streaming Marketby Component (Solution, Services), by Solution (IPTV, OTT, Pay TV), by Streaming (Live/Linear Video Streaming, Non-Linear Video Streaming), by Deployment Mode (Cloud, On-Premise, Hybrid), by Revenue Model (Subscription, Transactional, Advertisement, Hybrid), by End User (Personal, Commercial) and Region – Global Forecast to 2026", published on Valuates Reports.The global video streaming market size was valued at USD 38.56 Billion in 2018 and is projected to reach USD 149.34 Billion by 2026, growing at a CAGR of 18.3% from 2019 to 2026.
Major factors driving the Video Streaming Market size are the growing penetration of mobile devices and internet users, rising demand for VoD streaming, the effects of the COVID-19 pandemic, and the growing need for transcoding to deliver videos to maximum end users.
Information relating to main drivers, constraints, and opportunities is provided in this study. This report involves the analysis of the video streaming market size, patterns, and potential projections to assess the imminent pockets of investment.
TRENDS INFLUENCING THE VIDEO STREAMING MARKET SIZE
Cloud computing developments have revolutionized video streaming and created common channels for streaming. In order to allow the use of greater bandwidth and speed, video streaming services have embraced cloud scaling. This incorporation of cloud in the video streaming market is expected to increase the video streaming market size.
The video streaming market size is further expected to increase due to the demand for high-speed Internet technology, such as 3G, 4G, and LTE. Furthermore, the growing mobile device penetration is expected to increase the video streaming market size.
Technological innovations such as Artificial Intelligence ( AI), block-chain technology, deep learning, and natural language processing are expected to increase the video streaming market size. In scoring, editing, cinematography, scriptwriting, voice-overs, and most aspects of video production, AI plays a significant role. In order to enhance content efficiency, various video streaming providers use AI.
In 2018, the solution segment held the largest Video Streaming Market share, due to various factors such as increased disposable income, improved living standards, increased mobile penetration, easy internet connectivity, and lifestyle changes.
North America is expected to hold the largest Video Streaming Market share. This dominance of North America is attributed to the presence of economically and technologically advanced countries such as the US and Canada, and emerging technologies.
The Global Video on Demand (VOD) Market size is expected to grow from USD 34,648.16 Million in 2019 to USD 88,523.67 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 16.92% during the forecast period.
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