Video streaming market size to increase by USD 310.44 billion: North America will account for 35% of market growth - Technavio
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The video streaming market by type, deployment, and geography - forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 20.36% and register an incremental growth of USD 310.44 billion during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report
The video streaming market report includes information on the key products and recent developments of leading vendors, including:
Based on region, the global wristwatch market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to account for 35% of the growth of the global market over the forecast period. The growth of the market in the region is attributed to factors such as the rapid proliferation of streaming services that operate in the cloud. The high average disposable income of the population in the region is also contributing to the market size. The number of investments in opening new video streaming platforms is also increasing in the region. In addition, growing investments and business strategies by video steaming platform vendors will propel the growth of the market in the region during the forecast period.
The market is driven by factors such as high demand for encoders to support multiple broadcasting formats, rising live-streamed content, and technological advances. However, an increase in cases of cyberattacks is hindering the market growth.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample
The audio-video on demand market size is expected to increase by USD 165.39 billion from 2021 to 2026. The growth in mobile advertisement spending is notably driving the audio-video on demand market growth, although factors such as the threat of piracy may impede the market growth.
The predicted growth for the video game market size from 2021 to 2026 is USD 73.62 billion at a progressing CAGR of 7.59%. The rising penetration of smartphones and improving internet access are notably driving the video game market growth, although factors such as the growing cost of game development may impede the market growth.
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Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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