The global video streaming market to grow from $30.29 billion in 2016 to $70.05 billion by 2021, at a CAGR of 18.3%. The rising demand for over the top solutions among users will help the video streaming market grow significantly. OTT solutions can be integrated with existing video streaming systems so as to simplify the management of streaming videos. The integration of over the top solution helps users to watch film videos and TV content through Internet and without a subscription of traditional cable or satellite pay-tv services such as Comcast and Time Warner Cable. The speedy growth of media and entertainment integration is also driving the video streaming market. Complete report on video streaming market spread across 174 pages, profiling 10 companies and supported with 84 tables and 70 figures is now available at http://www.rnrmarketresearch.com/video-streaming-market-by-streaming-type-live-video-streaming-and-non-linear-video-streaming-by-solution-by-service-by-platform-by-user-type-by-deployment-type-by-revenue-model-by-industry-and-by-region-st-to-2021-market-report.html .
Rising need for Over the Top (OTT) solution is driving the video streaming market. There has been rise in the adoption of video streaming solutions such as pay TV, Internet Protocol Television, and OTT among marketing companies. Video streaming solutions facilitate instant access to information to customers through videos, advertisements, and other video clips thereby increasing the organizational productivity. Organizations demand efficient collaborations of digital media with employees, as branding and corporate identity is important for all businesses. OTT services are widely used in smartphones, laptops, and tablets. Apps such as WhatsApp (now acquired by Facebook), KakaoTalk, WeChat, and LINE play a major role in providing OTT messaging services. Moreover, the OTT services are being spread over the other communication modes such as audio and video.
Asia-Pacific (APAC) is expected to become one of the major adopters of video streaming solutions by 2021. APAC is growing at a highest rate in comparison to other regions. Moreover, countries in the region, mainly Australia and Singapore, are prominently adopting technologies and solutions within the organizations for increasing profits along with customer satisfaction. Moreover, video streaming is being used for streaming videos both live and nonlinear through various devices such as smart TV, mobile, tablet, and laptop and desktop in many leading Asian companies. The driving factor for this region is the easy availability of solution providers. However, the high implementation cost of streaming solutions is restraining the adoption among various organizations.
Furthermore, the adoption of emerging technologies and the economic growth of countries such as India and China are driving the adoption of video streaming solutions and services. Increasing demand for Live Video streaming solution will create new opportunities in this market.
In the coming five years, the growing demands of Live Video streaming solution will improve the offerings and create huge opportunities for growth. There has been a significant rise in the past five years, from traditional TV to online video content delivery. This has improved the adoption of cloud-based video streaming solutions. Moreover, live video streaming cloud-based solutions serve as a budgetary solution for SMEs.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (22%), Tier 2 (45%) and Tier 3 (33%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (50%), Director Level (40%) and others (10%) from various key organizations operating in the global video streaming market. The primary interviews were conducted worldwide covering regions such as North America (57%), Europe (29%) and APAC (14%).
The key players in the video streaming market profiled in this report are Akamai Technologies, Adobe Systems Incorporated, Amazon Web Services, Netflix, Inc., Ustream, Cisco Systems, Inc., Apple, Inc., Google Inc., Microsoft Corporation and Hulu. Make an Inquiry on “Video Streaming Market by Streaming Type (Live Video Streaming and Non-Linear Video Streaming), by Solution, by Service, by Platform, by User Type, by Deployment Type, by Revenue Model, by Industry, and by Region - Global Forecast to 2021” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=541428 .
On a related note, another research titled Over the Top Market Global Forecast to 2020 says, the market is estimated to grow from USD 28.04 billion in 2015 to USD 62.03 billion by 2020, at an estimated CAGR of 17.2%. APAC is estimated to grow at the highest CAGR for the OTT platform market during the forecast period due to rising connectivity of broadband across regions and demand across large enterprise systems. Companies like Microsoft Corporation; Google, Inc. Apple, Inc. Facebook, Inc. Netflix, and Yahoo, Inc. have been profiled in this 177 pages research report available at http://www.rnrmarketresearch.com/over-the-top-ott-market-by-content-textimage-audio-video-access-type-smart-devices-phones-and-tablets-laptopsdesktops-set-top-boxes-smart-tv-gaming-consoles-worldwide-forecasts-ana-market-report.html .
Explore more reports on Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .
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