PUBLISHER: SkyQuest | PRODUCT CODE: 1701017
PUBLISHER: SkyQuest | PRODUCT CODE: 1701017
Video Streaming Market size was valued at USD 104.1 billion in 2023 and is poised to grow from USD 111.28 billion in 2024 to USD 189.78 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).
The OTT video streaming market is experiencing robust growth, driven by consumers' desire for flexible content access without traditional cable subscriptions. As audiences increasingly embrace streaming services, they are consuming more content than ever, which bodes well for market expansion. The convenience of real-time video viewing via internet-connected devices-such as smartphones, tablets, and smart TVs-has revolutionized entertainment consumption. High-speed internet access in developed countries further propels this trend, facilitating wider adoption and enhancing user experience. However, the industry faces challenges like piracy and unauthorized content copying, which may impact revenues and hinder growth. Nonetheless, the US video streaming market is set to achieve sustainable growth in the coming years, reflecting evolving consumer preferences and technological advancements.
Top-down and bottom-up approaches were used to estimate and validate the size of the Video Streaming market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Video Streaming Market Segments Analysis
Global Video Streaming Market is segmented by Streaming Type, Solution, Platform, Service, Revenue Model, Deployment Type, End User and region. Based on Streaming Type, the market is segmented into Live Video Streaming and Non-Linear Video Streaming (Video on Demand). Based on Solution, the market is segmented into Internet Protocol TV, Over-the-Top (OTT) and Pay-TV. Based on Platform, the market is segmented into Gaming Consoles, Laptops & Desktops, Smartphones & Tablets and Smart TV. Based on Service, the market is segmented into Consulting, Managed Services and Training & Support. Based on Revenue Model, the market is segmented into Advertising, Rental and Subscription. Based on Deployment Type, the market is segmented into Cloud and On-Premises. Based on End User, the market is segmented into Enterprise, Consumer. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Video Streaming Market
Live streaming has emerged as a pivotal driver in the advancement of the video streaming market. By facilitating direct interaction with target audiences, it enhances the ability to respond promptly to inquiries and address business-related matters effectively. This immediacy not only fosters better understanding and engagement but also amplifies revenue potential, making live streaming an essential revenue stream within the industry. As a result, the video streaming sector has witnessed significant growth, fueled by the increasing popularity and monetization capabilities of live video content, solidifying its role in shaping market dynamics.
Restraints in the Video Streaming Market
The Video Streaming market is facing significant restraints due to increasing concerns surrounding content theft and protection. Such issues are likely to hinder business operations, leading to diminished customer engagement and a decline in content consumption. As this trend evolves, it is expected to exert pressure on market growth in the upcoming years. For instance, a study conducted by Digital Citizen Alliance in August 2020 revealed that the value of pirated subscription services in the United States is estimated to be in the billions. Furthermore, about 9 million internet users in the U.S. have turned to pirate IPTV services, accessing these channels through approximately 3,500 unlicensed websites and social media platforms.
Market Trends of the Video Streaming Market
The video streaming market is experiencing a significant upward trend, fueled primarily by the increasing accessibility of high-speed internet connections globally. The expansive development of broadband infrastructure has led to a democratization of internet access, allowing a diverse range of households and geographical regions to connect reliably. As more users gain access to stable, high-speed internet, the potential viewer base for video streaming services expands exponentially. This surge in connectivity not only broadens the audience for existing platforms but also paves the way for new entrants in the market, ultimately driving growth and innovation in the video streaming sector.