New Research: Video Streaming Market Expected To Consume the Largest Market Share By 2029
Verfasser: ashwani_kailiya on Tuesday, 2 June 2020Video streaming is gaining significant impetus on the back of stay-at-home orders induced by the COVID-19 outbreak. While nation-wide lockdowns continue to restrict people to stay at their homes, companies in the video streaming market are discovering profits in the ascending demand for home entertainment alternatives. Furthermore, the ubiquity of internet connectivity has enabled video streaming on other connected devices such as smartphones, tablets, and laptops with optimized picture quality.
The global video streaming market is projected to exhibit a stellar CAGR of 17% during the forecast period (2020-2029), according to a new market study by Fact.MR. With demand for original content being higher than ever, the video streaming market will grow 5X during the forecast period, says the report. The global pandemic is acting as a catalyzer for the video streaming market growth.
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Segmental Highlights
Consumer demand accounts for more than half of the total market value and is expected to further grow in value during the forecast period, owing to high adoption in households of both developed and emerging economies.