Market Report

Streaming Media Service Market Overview The global Streaming Media Service Market size is forecasted to reach $172.3 Billion by 2026, growing at CAGR of 20.9% during the forecast period 2021-2026. Globally, increase in popularity of streaming platforms such as YouTube, Amazon Prime and Netflix is set to be the major driver for the growth of the Streaming Media Service market. In addition to this, the growing adoption of cloud computing and cloud enterprise streaming media to improve streaming service bandwidth and content delivery network is set to be one of the key influencers for the growth of the market during the forecast period. The factors such as rise in internet users, penetration of smart devices and outbreak of Covid19 have been contributing to the market growth in the long run. The rise in Streaming Television through online mediums and increasing demand for foreign language films with closed captioning (cc) will drive the market growth. Report Coverage The report based on: ...

Streaming Media services market is anticipated to reach $164 billion by 2025 with a CAGR of 25.2% in the Forecast period 2020-2025. Rising adoption of advanced technologies such as cloud storage and Bring Your Own Device (BYOD) . Increase in live streamed content, rising adoption of cloud-based video streaming solutions, surge in web advertising, extensive use of videos in corporate training, and upsurge in demand for online videos in developing economies are set to drive the growth of the global video streaming market. Additionally, the recent trends of globalization and consistent improvements in streaming content are some of the key factors attributing to the growth of the Streaming Media services market size in the forecast period 2020-2025. Key Takeaways In 2019, North America dominated the Streaming Media services market with more than 40% owing to increased adoption for streaming services in countries such as U.S. and Canada due rising penetration of internet and streaming tech...