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OTT Platforms Revolutionizing Video Streaming

The number of video streamers has increased significantly in recent years, owing to the surging penetration of the internet, who are not generating the bulk of the internet traffic. Due of the rising number of video streamers, the video streaming market is projected to showcase a growth of 19.1% during the forecast period (2019–2024). The market was valued at $245.3 billion in 2018, which is expected to reach $688.7 billion by 2024.

Video contents are available on multiple platforms and can be availed through subscription, retail, rental, and advertisement. In recent years, the subscription model of video streaming has witnessed a significant rise. For example, Netflix registered around 167 million subscribers in 2019. Over the years, the over the top (OTT) platforms have emerged as the largest service providers for video contents. Other leading OTT platforms include Amazon Prime Video, HBO Now, YouTube/YouTube Red, Apple TV+, and Disney+Hotstar. 



Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/video-streaming-market/report-sample

The various devices for video streaming are smart TVs, smartphones, tablets, laptops, and desktops. Among these, most of the video streaming users still prefer TVs over other devices. Viewers across the world use several approaches, such as connected laptops, smart TV applications, and gaming consoles, to watch non-linear contents on their TV sets. However, the younger generation, especially the ones between 15 and 35 years of age, prefers smartphones and tablets over TVs to watch video contents, as these devices offer them the choice to watch from anywhere and at any time, according to their preference.

This market research report provides a comprehensive overview of the video streaming market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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