Increasing internet penetration, smartphone users, rising investment in good content will drive growth of Video Streaming Market

According to a research report titled ‘Global Video Streaming Market – Analysis By Streaming Type (VOD, Live), Revenue Model (AVOD, TVOD, SVOD), By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’ published by Azoth Analytics in June 2020, the Global Video Streaming Market was valued at USD 42.14 Billion in the year 2019. The Video Streaming market is expected to grow at a rapid pace during the forecast period. Increasing internet penetration, escalating number of Smartphone Users, rising investment in good content is one of the major reasons behind the increasing Video Streaming market globally. Additionally, increasing technology in Digital Media will drive the Video Streaming market value in the near future.  

The Azoth Analytics research report titled Video Streaming Market has analysed and segmented the Video Streaming market by Value (USD Billion). The report further presents the analysis of Video Streaming market by by Streaming Type (Video on Demand and Live), by Revenue Model (AVOD, TVOD, SVOD) and by End User (Media and Entertainment, Education and Awareness, IT and E- commerce, Others). The Global Video Streaming market has been analysed By Region (North America, Europe, Asia Pacific and LAMEA) and By Country (United States, Canada, UK, Germany, China, India) for the historical period of 2015-2019 and the forecast period of 2020-2025.

The main growth in Video Streaming market has been registered from North American countries in 2019. These nations are developed higher adoption of digital media in region and due to growing penetration of Internet which is one of the major factors to drive Video Streaming market. Growing Internet Penetration in developing countries is some of the driving factors which is anticipated to propel the market value in forecast period.  

Some of the factors such as increasing technology in digital media, rising demand of advanced digital video distribution and content are expected to augment the market growth rate. Additionally, the competitiveness of Video Streaming manufacturing companies is strongly linked to increasing demand of digital media and entertainment, thereby resulting in major investments in this sector.