Live video streaming set to expand profit pools for video streaming firms by 2029.
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Fact.MR’s Report provides forecast and analysis of the global video streaming market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and, according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global video streaming market along with several macro-economic indicators. This newly published and insightful report on video streaming sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global video streaming market.
The report also comprises the study of current issues with end users and opportunities for video streaming. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of video streaming manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the video streaming market provided in the report adds to the credibility of this exhaustive research study.
“Increasing disposable income will drive consumers to purchase subscriptions from multiple video streaming vendors. Market players must then prioritize engaging consumers based on content, picture quality, and streaming convenience. Revenues are expected to be garnered by organizations forging strategic partnerships with local celebrities that increase footfalls based on their personal goodwill.”-Says Fact.MR Analyst
Some of the major competitors operating in the video streaming market are Netflix, Inc., Akamai Technologies, Amazon Web Services, Inc., Google LLC, Microsoft Corporation, Tencent, iQIYI, Inc., Novi Digital Entertainment Pvt Ltd (Hotstar), iflix, HOOQ, Rakuten Viki.
Technical Expertise and Infrastructure Capability to Bolster Growth
Convenience of uninterrupted cross-streaming between multiple devices is a major driver for video streaming platforms. Successful advertising generates considerable revenue for market players. A majority of consumers cite viewer profiles as a major benefit of video streaming services. Separate viewer profiles in platforms such as HooQ, Netflix help users track their favourite shows, films. They employ user viewing behaviour and conduct consumer sentiment analysis to find relevant suggestions. On one hand, consumers get a unique viewing experience with convenience factors such as the last scene and taste specific content suggestions. On the other, video streaming platforms continuously engage and delight consumers by efficiently providing suggestions for remunerative streaming. EIN News