The global stream hosting market is expected to reach a valuation of nearly US$ 4 Bn in 2022. Sales are expected to increase at an impressive 14.8% CAGR, with the total stream hosting market size reaching US$ 16 Bn by 2032.
The incorporation of advanced technologies in the digital media industry is anticipated to drive sales in the market. Additionally, growing need to increase the consumer base and optimize network bandwidth for live & on-demand streaming content will augment growth.
Online video continues to grow in popularity at the expense of traditional broadcast viewing. Viewers spend an average of six hours per week watching multiple types of internet videos, up 59 percent from 2016. Television viewing fell by 10% to roughly seven hours during the same time period the previous year.
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Individuals also appreciate internet streaming services for their ease, variety, flexibility, and cost-effectiveness. Unlike traditional TV viewers, video on-demand users are not limited in their content choices by geography.
Viewers have switched from traditional televisions to on-demand video streaming services due to the ability to watch videos on the go via mobile apps and high-speed network connectivity. These factors are projected to boost the growth in the stream hosting market in the forthcoming years.
Besides this, surging preference for cloud video hosting will create opportunities for growth in the market. Cloud video hosting reduces the need for infrastructure as compared to traditional video hosting.
Organizations are looking out for a more secure, reliable & scalable cloud video hosting platform as a result of rapid growth of video hosting & streaming platforms. Cloud services are cost-effective, hence sales of cloud video services are expected to gain traction.
“Live video streaming has become the new standard for influencing followers on social media sites. To consolidate their hold on social media platforms, numerous social networking businesses are adding live and on-demand streaming options on their sites. The stream hosting market is expected to expand at a considerable pace, driven by the aforementioned factors,” says and FMI analyst.
Key Takeaways:
- By content type, sales in the video stream segment are expected to grow at a 16.2% CAGR over the forecast period.
- Based on platform, the smartphones/ tablets segment is projected to hold a dominant share of the market by 2032.
- In terms of industry, the media & entertainment segment will remain most lucrative.
- The U.S. is expected to account for nearly 82% of the North America market share in 2022.
- Sales in the U.K. stream hosting market will grow by 4.7x over the assessment period.
- Mexico will emerge as an attractive market, with sales growing at a 18.7% CAGR through 2032.
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Competition Landscape
Dacast Inc., Brightcove, Inc., Wistia, JW Player, Kaltura, Inc., Vimeo, Inc., DigitalOcean, LLC, IBM Watson Media, Vidyard, Facebook (Meta Inc.), Youtube (Google), SproutVideo, Cincopa, Muvi LLC, Twitch (Amazon), Hippo Video, StreamShark, Wowza Media Systems, LLC, and Primcast are some of the leading players operating in the market.
Stream Hosting Market by Category
By Content Type:
- Video Stream
- Audio Stream
- Gaming Stream
By Streaming Type:
- Live Streaming
- On-demand Streaming
By Platform:
- Smartphones/Tablet
- Smart TV
- Gaming Consoles
- Laptops/PCs
By Industry:
- Media & Entertainment
- Gaming & Sports
- Education
- Government
- Retail/eCommerce
- Others
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Related Link :
https://digitaldrip.mn.co/posts/30861067
https://bpa-mastery.mn.co/posts/30861078
https://together.mn.co/posts/30861093
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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