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The global video streaming market was valued at US$ 61.8 Billion in 2021.
We expect the global video streaming market to exhibit a CAGR of 19.8% during 2022-2027.
The rising digitalization levels, along with the growing integration of blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI) for improving video production and uploading quality, are primarily driving the global video streaming market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of video streaming for webinars, remote training, online courses, etc., across numerous business units, organizations, schools, universities, etc., during lockdown scenario.
Based on the component, the global video streaming market has been segregated into solution and services, where solution exhibits clear dominance in the market.
Based on the streaming type, the global video streaming market can be divided into live/linear video streaming and non-linear video streaming. Currently, live/linear video streaming accounts for the majority of the total market share.
Based on the revenue model, the global video streaming market has been bifurcated into subscription, transactional, advertisement, and hybrid. Among these, subscription represents the largest market share.
Based on the end user, the global video streaming market can be segmented into personal and commercial. Currently, personal holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global video streaming market include Akamai Technologies Inc., Amazon Inc., Brightcove Inc., Comcast Corporation, Google LLC (Alphabet Inc), Hulu LLC (The Walt Disney Company), Iflix (Tencent Holdings Ltd.), International Business Machines Corporation, Kaltura Inc., Microsoft Corporation, and Netflix Inc.
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