[FURL=https://www.industryarc.com/Report/15452/streaming-media-services-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Streaming Media services market[/FURL] 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.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 technologies.
Real Time Entertainment is expected to grow at a highest CAGR of 31.2% during the forecast period. The growth is mainly attributed to the increasing popularity of on-demand entertainment services such as movies, shows, videos and so on in plenty of new platforms.
Video Streaming in Streaming Media services market is anticipated to grow at a CAGR of 24.2% in the forecast period 2020-2025 owing to the rising penetration of OTT platforms and other streaming platforms
Streaming Media services top 10 companies include Netflix, Inc., IBM Corporation, Apple Inc., Amazon.com, Inc., Cisco Systems, Inc., Akamai Technologies ., Google Inc., Roku, Inc., Akamai Technologies, Inc. and Hulu, LLC.
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By Services- Segment Analysis
Video Streaming in Streaming Media services market is anticipated to grow at a CAGR of 24.2% in the forecast period 2020-2025 owing to the rising penetration of OTT platforms and other streaming platforms. In 2019, according to the report given by Video Advertising Bureau (VBA), more than 205.4 million people opted for OTT services, whereas more than 180 million people, use smart TVs. On the other hand, people are opting for personalized content, which is driving several companies to offer high-margin visual entertainment by offering users bundled services. In 2019, Amazon announced plans to spend more than $7 billion for generating video content and for development of its OTT platform.
Drivers – Streaming Media Services Market
Integration of advanced technologies in video platforms to improve video quality
Viral Outbreaks such as Corona and other viruses helps in assisting the market growth
Market Landscape
Streaming Media services top 10 companies include Netflix, Inc., IBM Corporation, Apple Inc., Amazon.com, Inc., Cisco Systems, Inc., Akamai Technologies ., Google Inc., Roku, Inc., Akamai Technologies, Inc. and Hulu, LLC.
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