Video Streaming Market Size Worth USD 1,690.35 Billion in 2029 | 19.9% CAGR
Fortune Business Insights
Fortune Business Insights

According to Fortune Business Insights, the global Video Streaming Market Size is projected to reach USD 1,690.35 billion in 2029, at CAGR of 19.9% during forecast period; Growing Demand for VoD to Enhance Demand for Service

Pune, India, Aug. 10, 2022 (GLOBE NEWSWIRE) -- As per the report published by Fortune Business Insights, The video streaming market is projected to grow from USD 473.39 billion in 2022 to USD 1,690.35 billion by 2029, exhibiting a CAGR of 19.9% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Video Streaming Market Share, 2022-2029.” The global video streaming market size was valued at USD 372.07 billion in 2021.

Growing Acceptance of Live Streaming Platforms across Education and Healthcare Sectors to Assist Market Growth

The influence of the COVID-19 pandemic is anticipated to impact the market size of video streaming significantly positively during the forecast period. Additionally, the COVID-19 pandemic has fast-tracked digital transformation globally. The surging implementation of online learning, work from home (WFH) and remote patient monitoring in health services, e-commerce, and other has amplified the demand for services.


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Report Scope:

Report Coverage

Details

Forecast Period

2022-2029

Forecast Period 2022 to 2029 CAGR

19.9%

2029 Value Projection

USD 1,690.35 billion

Base Year

2021

Video Streaming Market Size in 2021

USD 372.07 billion

Historical Data for

2018-2020

No. of Pages

150


Regional Insights:

North America to Lead Stoked by Presence of Crucial Players

North America is anticipated to lead the video streaming market share during the forecast period owing to the existence of dominating players. Further, surging number of users for video on demand and video gaming platforms across the U.S. and Canada helps the market growth.

Asia Pacific is estimated to grow with the noticeable CAGR during the forecast period. The market is developing with a substantial growth rate, owing to the rapid adoption of the numerous video streaming solutions such as video on demand and OTT platforms among consumers.

Furthermore, Europe is developing on an average note owing to the surging demand for online live streaming videos and rising adoption of on-demand videos among consumers.

Drivers and Restraints:

Growing Demand for Video on Demand (VoD) Streaming Services to Help Market Growth

Growing number of video on demand services users throughout the globe owing to the rise in consumer expenditure on media and entertainment assists the video streaming market growth. According to the Motion Picture Association Report in 2020, online VoD users jumped to about 1.10 billion during the COVID-19 pandemic and is predicted to reach 2.00 billion users by 2023.