USD 4.18 billion
Report ID:
SQMIG45B2075 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
62
|Figures:
70
Global Video Live Streaming Solutions Market size was valued at USD 4.18 billion in 2019 and is poised to grow from USD 5.08 billion in 2023 to USD 24.12 billion by 2031, at a CAGR of 21.50% during the forecast period (2024-2031).
By the middle of 2015, there were much more live videos or live streaming activities, which can be attributed to the growth of the live streaming sector. The most widely used live video format is television, while social media sites are the main sources of live video content. Brands and public figures started actively connecting with their target audiences using online platforms like YouTube and Instagram. Additionally, live video game streaming became more and more popular as eSports and video games gained appeal among people of all ages.
More than 67% of consumers worldwide streamed live video content in 2019, and more than 52% of that group opted for free, ad-supported live streaming over subscription-based and paid live streaming, according to one of the Interactive Advertising Bureau's (IAB) polls. Live streaming is no longer a novelty for marketers as live video is changing the way businesses interact with their customers. Because live video is instantaneous and real, it draws viewers in a way that other social media platforms do not. In response, 28 percent of marketers want to raise their live streaming spending. Live streaming is becoming more and more well-liked as a suitable substitute for social media updates, which will aid in growth.
Roughly 47% of consumers globally have increased their live streaming time. As a result, the global market for video live streaming solutions is still growing quickly. Additionally, emerging areas' rising urbanization rates and population growth have a favorable effect on the market expansion. Blockchain technology and artificial intelligence are two innovations in video quality that are expected to boost industry growth. Artificial intelligence is used to help with a range of aspects of video creation and upload, including editing, cinematography, voice-overs, scriptwriting, and more. Many providers of video streaming services employ AI to improve the quality of their video material.
US Video Live Streaming Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.18 billion
Largest Segment
Managed Services
Fastest Growth
Managed Services
Growth Rate
21.50% CAGR
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The global video live streaming solutions market has been segmented based on Service, deployment type, and region. Based on service, the market is segmented into consulting, managed services, training & support. Based on the deployment type, the market is segmented into offline and cloud. Based on region, the video live streaming solutions market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Video Live Streaming Solutions Market Analysis by Service
More than 35% of total income was spent on training and support in 2021. Additionally, managed services are anticipated to hold a sizable market share in 2021, representing around 31% of the entire market. Through the integration of broadcast and over-the-top (OTT) systems into a single online video management solution, managed services allow viewers to have a tailored experience. The segment is anticipated to expand thanks to this competitive edge. According to services, the industry has also been divided into consulting services, managed services, and training and support services.
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North America dominated the market with the highest revenue share of roughly 39% due to the deployment of live video streaming technologies is primarily concentrated in the North American region. This is because live material is becoming more widely available and used in the area. The big subscriber base connected across many channels gives it a high penetration rate for video live streaming solutions. In the continents of Latin America, the Middle East, and Africa, the market is still in its infancy (MEA). By working with regional content creators and live video service providers, video live streaming solution providers are growing their footprint in South America. Additionally, service providers are concentrating on creating effective mobile applications to offer digital content as live video services are becoming more accessible via smartphones and tablets. Due to the spread of high-speed network systems and the increasing use of smartphones, Asia Pacific is expected to experience significant growth.
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Video Live Streaming Solutions Market Driver
Video Live Streaming Solutions Market Restraint
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Major players that possess a considerable market share in the video live streaming solutions industry. Expansions, innovations, and the introduction of new services are the main strategies used by market participants to stay competitive. To differentiate their services from those already on the market, businesses have begun releasing new, creative solutions that incorporate different strategies.
Top Players in the Global Video Live Streaming Solutions Market
Video Live Streaming Solutions Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, and distribution channel, offline dominated the global video live streaming solutions market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the global video live streaming solutions market owing to the region's rising concerns about physical fitness and living a healthy lifestyle.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.18 billion |
Market size value in 2031 | USD 24.12 billion |
Growth Rate | 21.50% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Video Live Streaming Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Video Live Streaming Solutions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Video Live Streaming Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Video Live Streaming Solutions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Video Live Streaming Solutions Market size was valued at USD 4.18 billion in 2019 and is poised to grow from USD 5.08 billion in 2023 to USD 24.12 billion by 2031, at a CAGR of 21.50% during the forecast period (2024-2031).
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Report ID: SQMIG45B2075
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