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Cloud Video Streaming Market: By Streaming Type (Live Video Streaming, Video on demand streaming), By Solution (Internet Protocol TV, Over-the-Top (OTT), Pay-TV), By Platform (Gaming Consoles, Laptops & Desktops, Smartphones & Tablets, Smart TV), By Service (Consulting, Managed Services, Training & Support), By Revenue (Advertising, Rental, Subscription), By User (Enterprise, Consumer) And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Cloud video streaming service streams and stores the video data in a cloud. A better cloud video streaming service will host video, deliver it whenever needed, be scalable and is capable to reach millions with its content. Cloud-based video streaming make the video files available on-demand of viewers at any location & on any device.
The Cloud Video Streaming Market was valued at USD 3.3 billion in 2021 and is expected to reach USD 26.6 billion by 2032, increasing at a CAGR of 20.9% during the forecast period, 2022-2032 owing to the increasing demand for streaming technology which is presenting scope for cloud video streaming market. The entertainment became an integral part of people’s life and the need for higher streaming quality service will create demand for the adoption of the streaming services market share. The requirement for quality video streaming at minimal rates is creating demand for the cloud video streaming market to grow. The adoption of cloud technology is increasing, and the distribution of cloud video streaming is happening speed which is expected to boost the growth of the Cloud Video Streaming market.
Figure - Market Analysis of Cloud Video Streaming Market
Cloud Video Streaming Market is classified based on the Streaming Type into Live Video Streaming, Video on demand streaming. The live streaming segment dominated the market and accounted for largest revenue share in 2021 owing to the rising demand for digital media devices, rising live streaming of videos and the availability of fast internet to access media remotely. The availability of live video streaming without ads, mobile viewing, huge content use, analytics tracking, and high-quality streams is expected to boost the growth of the market. Live video content like sports and musical events have importance of live video streaming.
Cloud Video Streaming Market is classified based on the Revenue is segmented into Advertising, Rental, Subscription. The subscription segment dominated the market and accounted for the largest revenue share in 2021 owing to the growth of the segment due to the increasing number of subscriptions of video streaming and the subscription model provide streaming of online videos with an access fee or a subscription.
Figure - Cloud Video Streaming Market Segment Analysis
Increasing Usage of Internet is Expected to Boost the Market Growth
The cloud video streaming market is driven by the increasing usage of mobile phones & internet users. The Media and entertainment platforms are widely adopted by the people. The users can choose their own internet speed and the entertainment platform. The video streaming services and online media is highy absorbed by the people due to their ease and comfort. The market is expected to grow due to the large number of internet users which is expanding. The use of the internet for online media will result in a high adoption.
Rising Adoption of Smart Phones is Expected to Boost the Market Growth
The increasing use of smartphones is expected to boost the growth of the market. Smartphone users have assisted in making online videos popular due to the widespread usage of cell phones which is resulting in a lot of traffic on the internet. The improved access to the smart gadgets is creating an option to the growth of market. Many customers use the internet for more than 2.5 hours/day and the end-users are being attracted to the market due to low-cost video streaming.
Increasing Concerns Over Piracy May Restrain the Growth of the Market
It is expected that the increasing piracy in the internet would impede the market by reducing interest of customer and consumption of content. The rising advancements in technology and number of market service providers are a possible threat to streaming players. These complementary services provided for television & entertainment content are expected to restrain the market players.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Cold Insulation Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Based on regional analysis, North America dominated the market with largest share in 2021 owing to the rapid growth of cloud-based streaming services and large population watching online content. Asia Pacific is expected to dominate in the forecast period owing to the rising use of mobiles and tablets, popularity of online streaming, rapid technological advancements.
The COVID-19 pandemic placed the population under lockdown. The market of online video streaming and entertainment services increased during the lockdown due to the increased attachment of people with internet. The video streaming platforms like Amazon Prime, Netflix, YouTube, and Disney+ registered an increased viewership worldwide. Covid-19 had a positive impact on the Cloud Video Streaming Market.
Cloud Video Streaming Market Segments:
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REPORT ATTRIBUTE |
DETAILS |
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Market size value in 2021 |
USD 3.3 billion |
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Revenue forecast in 2032 |
USD 26.6 billion |
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Growth Rate |
CAGR of 20.9% from 2022 to 2032 |
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Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Streaming Type, Solution, Platform, Service, Revenue, User and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Amazon Web Services, Inc., Google LLC, Apple Inc., Cisco Systems, Inc., Netflix, Inc., Akamai Technologies, Hulu, LLC, Kaltura, Inc., International Business Machine Corporation (IBM Cloud Video), Alphabet Inc., Roku, Inc., Wowza Media Systems, LLC, Haivision, Inc and Other Prominent Players |
Cloud Video Streaming Market size was estimated at USD 3.3 billion in 2021 and is expected to reach USD 26.6 billion in 2032.
A cloud video streaming service streams and stores the video data in a cloud. A better cloud video streaming service will host video, deliver it whenever needed, be scalable and is capable to reach millions with its content.
Live Video Streaming and Subscription segment accounted for the largest Cloud Video Streaming market share.
Key players: Amazon Web Services, Inc., Google LLC, Apple Inc., Cisco Systems, Inc., Netflix, Inc., Akamai Technologies, Hulu, LLC, Kaltura, Inc., International Business Machine Corporation (IBM Cloud Video), Alphabet Inc., Roku, Inc., Wowza Media Systems, LLC, Haivision, Inc and Other Prominent Players are the key players in the Cloud Video Streaming Market.
Increasing Usage of Internet and Rising Adoption of Smart Phones are the factors driving the Cloud Video Streaming Market
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