The video streaming market revenue to expand at CAGR [compound annual growth rate] of 15.6% through 2028, according to new data from Future Market Insights.
The global video streaming market is expected to grow from $138.99 billion in 2018 to $591.11 during this time period. However, interruptions in streaming flow, piracy and low bandwidth or limited streaming speed are some of the major challenges that hamper the growth of the video streaming market, according to Future Market Insights.
On the basis of type, the video streaming market is segmented into video on-demand and live video streaming. The video streaming market’s live video streaming segment is expected to dominate the market throughout the forecast period with a market share of 32.5% and 43.3% in 2018 and 2028, respectively.
On the basis of content delivery channel, the video streaming market is segmented into OTT, Pay TV and IPTV. The video streaming market’s OTT segment is expected to dominate the market for the maximum duration of the forecast period owing to the high CAGR associated with it. The video streaming market’s IPTV segment is expected to grow from $23.38 billion 2018 to $103.47 billion in 2028.
On the basis of revenue model, the video streaming market is segmented into subscription, pay per view, premium purchases and advertisement-based revenue model. The video streaming market’s subscription-based revenue model is expected to dominate the market throughout the forecast period and enjoy a market share of 49.6% and 51.5% in 2018 and 2028, respectively.
On the basis of industry, the video streaming market is segmented into residential and commercial industries. The video streaming market’s live video streaming segment is expected to dominate the market throughout the forecast period owing to the high CAGR associated with it. The video streaming market’s commercial industry segment is expected to grow from $44.29 billion in 2018 to $214.30 billion in 2028.
Image courtesy of The Wrap
