Streaming Media services market is anticipated to reach $164 billion by 2025 with a CAGR of 25.2% in the Forecast period 2020-2025. Rising adoption of advanced technologies such as cloud storage and bring your own devices (BYOD). Increase in live streamed content, rising adoption of cloud-based video streaming solutions, surge in web advertising, extensive use of videos in corporate training, and upsurge in demand for online videos in developing economies are set to drive the growth of the global video streaming market. Additionally, the recent trends of globalization and consistent improvements in streaming content are some of the key factors attributing to the growth of the [FURL=https://www.industryarc.com/Report/15452/streaming-media-services-market.html]Streaming Media services market[/FURL] size in the forecast period 2020-2025.Key Takeaways
In 2019, North America dominated the Streaming Media services market with more than 40% owing to increased adoption for streaming services in countries such as U.S. and Canada due rising penetration of internet and streaming technologies.
Real Time Entertainment is expected to grow at a highest CAGR of 31.2% during the forecast period. The growth is mainly attributed to the increasing popularity of on-demand entertainment services such as movies, shows, videos and so on in plenty of new platforms.
Video Streaming in Streaming Media services market is anticipated to grow at a CAGR of 24.2% in the forecast period 2020-2025 owing to the rising penetration of OTT platforms and other streaming platforms.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=15452[/FURL]
By Application - Segment Analysis
Real Time Entertainment is expected to grow at a highest CAGR of 35.2% during the forecast period. The growth is mainly attributed to the increasing popularity of on-demand entertainment services such as movies, shows, videos and so on in plenty of new platforms. With the rapid growth of these services several companies have been investing heavily. In 2020, Netflix has committed to invest $17.3 billion on video content generation and expansion of its platform in the world. In addition it has announced plans to grow its investment by $26.3 billion by 2028.
Drivers – Streaming Media Services Market
Integration of advanced technologies in video platforms to improve video quality
Viral Outbreaks such as Corona and other viruses helps in assisting the market growth
Streaming Media services top 10 companies include Netflix, Inc., IBM Corporation, Apple Inc., Amazon.com, Inc., Cisco Systems, Inc., Akamai Technologies ., Google Inc., Roku, Inc., Akamai Technologies, Inc. and Hulu, LLC.
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.