$ 149.96 Billion growth expected in Online Streaming Services Market | 14.38% YOY growth in 2020 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio
NEW YORK, May 4, 2021 /PRNewswire/ --
The global online streaming services market by type (online video streaming and online audio streaming) and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global online streaming services market is expected to grow by USD 149.96 billion, at a CAGR of over 18% during 2020-2024.
Since the outbreak of the COVID-19 pandemic, the demand for online streaming services has increased significantly across the world. People spent more time indoors due to the imposition of lockdowns and work-from-home policies, which increased the popularity of online video streaming services. For instance, the viewership in online video streaming increased by 32%-37% in the US and Mexico since the outbreak of the COVID-19 pandemic.
The market is expected to be driven by factors such as the rising penetration of smartphones and easy access to the internet, the growing popularity of online video streaming in the education sector, and the increasing launch of new content and renewing of additional seasons.
The report also offers information on the upcoming trends and challenges that will influence market growth.
Online Streaming Services Market: Opportunities
Online Streaming Services Market: Segmentation by Type
Online Streaming Services Market: Segmentation by Geography
One of the fortune 500 companies had used the detailed research report on the online streaming services market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.
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Online Streaming Services Market: Major Vendors
Spotify Technology SA
Tencent Holdings Ltd.
The Walt Disney Co.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the online streaming services market report:
Market Player Information
Speak to our Analyst for a Customized Report
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Global Post Production Market – Global post production market is segmented by application (movie, television, commercials, and online videos) and geography (North America, APAC, Europe, MEA, and South America).
Five Forces Analysis
Market Segmentation by Type
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