By Infinium Global Research Aug, 2020
The Global Video Live Streaming Solutions Market is expected to grow at a CAGR of 17.40% between 2019 and 2025 in terms of value. The extensive growth of online videos across the globe is a major factor that drives the video live streaming solution market. Moreover, increasing demand and adoption of multimedia content through the different platforms and devices escalates market growth. Furthermore, the growing adoption of live video streaming in end-user industries are likely to increase market demand. Also, an increasing number of smartphone users and live subscribers on various platforms boost the growth of the video live streaming solution market. Increasing adoption of high-speed internet and broadband services fuel the growth of the market. Technological advancements such as smart TV, Fire TV, and others are penetrating the market that led to growth for the video live streaming solution market. On the other hand, network connectivity and technical difficulties involved in video live streaming may hamper the growth of the market. Moreover, development in the 5G high-speed network and adoption of a cloud-based platform for real-time content create an opportunity for the growth of the global video live streaming solution market in the near future.
Geographically, the North America region dominates the video live streaming solution market due to the increasing number of live subscribers and the availability of live content on various platforms. The U.S is accounted for the largest market share followed by Canada and Mexico. Moreover, Asia Pacific region expected to boost the growth of the video live streaming solution market due to the increasing penetration of smartphones and tablets with development in the high-speed network systems. In Asia-Pacific, China holds the highest share followed by Japan and India. Increasing penetration of smartphone user and live streaming subscribers boost the growth of the market in the Asia-Pacific region.