The video streaming market is estimated to grow from USD 30.29 Billion in 2016 to USD 70.05 Billion by 2021.
The market is expected to grow at an impressive CAGR of 18.3% because of the rising usage of online streaming. The users have started adopting pay TV and OTT solutions for streaming videos. The online streaming has provided many advantages to users such as ability to skip advertisements, access to episodes anytime, and ability to watch events and shows with flexibility in time. The online video streaming has also increased the viewership up to 60%, which includes young individuals.
In solutions, OTT is expected to have the largest market growth rate and dominate the video streaming market from 2016 to 2021, due to the increasing use of digital platforms for branding and marketing of products. The use of this video streaming technology is helping enterprises in various industries to grow their business by providing them facility to advertise product offerings through videos at significant cost. Improved customer engagement in live and on-demand video streaming has helped this market to grow considerably along with increasing use of video streaming solutions and services.
Smartphones and tablets are the widely used platform for streaming live and on-demand videos. This platform type supports movie streaming from content providers such as Netflix, Amazon, and Hulu. Functionalities, such as computing, browsing, gaming, entertainment, watching HD videos, and streaming, can be easily accessed on smartphones. It is anticipated that 2016 could be the tipping point in widespread enterprise adoption of mobile devices. It is the fastest-growing platform type among other video streaming platforms as it plays vital role in providing assistance in watching videos on real time basis.
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Cisco Systems, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Video Streaming Market Analysis, By Streaming Type
8 Video Streaming Market Analysis, By Solution Type
9 Video Streaming Market Analysis, By Service
10 Video Streaming Market Analysis, By Platform
11 Video Streaming Market Analysis, By User Type
12 Video Streaming Market Analysis, By Deployment Type
13 Video Streaming Market Analysis, By Revenue Model