Live Streaming Market Projected to Witness Vigorous Expansion by 2021-2027
Brandessence Market Research has published a new report title and According to Study "Global Live Streaming Market is expected to grow with a CAGR of 26.9% over the forecast period"
Complete Analysis of Live Streaming Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increased personalized content along with growing smartphone penetration & growing availability of affordable data plans globally are anticipated to drive the growth of Global Live Streaming Market.
News: DistroTV Emerges as Largest, Independent FAST in Streaming Market
January 27th 2021; DistroTV an independent, free streaming network for global audience announced that it has reached to 150 live streaming channels & makes it as largest FAST platform. DistroTV launched in 2019 operates under parent company DistroScale with diverse viewers from US, UK and Canada. The viewership quadrupled & total watch time multiplied 8 times in last 6 months with growing content & global audience figures. It streams news, sports, music, and entertainment programs to its global audience.
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Scope of Live streaming Market Report:
Live streaming is the process of streaming of digital data which is continued delivered by service provider for immediate processing & playback. The process of live streaming involves continuous transmission of data of small amount at a time which is stored remotely, & this reduces client's efforts to download the entire file and store it before playing in real time. There are many platforms such as TV broadcast, video game stream, social media etc. which help in delivering content to audience globally. Live stream is differentiated from regular stream by the preplanned content delivery such as movie but former content improvisation takes place with delivery such as theatre. The live streaming is broadcasted from one to many at a time in case of Television or same content at different time as of Netflix service. The demand over the top content has been increased in last few years such as according to IBEF, 30% rise in paid subscribers in India from March to July 2020. According to lemonlight, approx. 182 million of the United States individual use at least one OTT platform. The deflection of youngsters from TV to smartphone has supported to growing of OTT platform along with the fast data service at low cost.
During Covid-19 Pandemic, the travelling & movement restrictions were imposed around the globe by government which resulted in individuals stuck in the home for a longer period of time. The human beings are social animal, can't survive long without interaction or entertainment which led to increase the demand of the live streaming technology in the lockdown with more preference to OTT platform. The demand of live stream is going to increase due to increased social distance restrictions. According to Business Standard, the OTT platform witness 60% rise in subscription in world during lockdown.
Key Players for Global Live Streaming Market Report:
Some of the key players for Global Live Streaming Market are Akamai Technologies, Amazon Web Services, Apple, Cisco Systems, Google, Kaltura, Netflix, International Business Machine Corporation (IBM Cloud Video), Wowza Media Systems, Hulu, YouTube TV, HBO Now and others.
By Streaming:
Live Video Streaming
Non-Linear Video Streaming
By Component:
Solution
Internet Protocol TV
Over-the-Top (OTT)
Pay-TV
Service
Consulting
Managed Services
Training & Support
By Platform:
Gaming Consoles
Laptops & Desktops
Smartphones & Tablets
Smart TV
By Deployment:
Cloud
On-Premises
By Revenue model:
Advertising
Rental
Subscription
By End-user:
Enterprise
Corporate Communications
Knowledge Sharing & Collaborations
Marketing & Client Engagement
Training & Development
Consumer
Real-Time Entertainment
Web Browsing & Advertising
Social Networking
The regions covered in global live streaming market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global live streaming is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Increasing Demand for Personalized Content with Improved Smartphone Market Penetration & Growing Availability of Affordable Data Plans are Some of the Major Factors Driving the Market Growth
North America is Expected to Dominate the Global Live Streaming Market
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