Categories: Market Research

Live Streaming Market Size and Forecast 2024-2033|Huya Inc., ViacomCBS Inc., Afreecatv Corp, Twitch Interactive Inc., Scienjoy Holdings Corporation

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The Live Streaming by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/live-streaming-global-market-report

According to The Business Research Company’s Live Streaming, The live streaming market size has grown exponentially in recent years. It will grow from $1.51 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in new video streaming subscriptions, surging popularity of e-sports and video games and increased demand for computing devices such as pcs and laptops.

The live streaming market size is expected to see exponential growth in the next few years. It will grow to $3.95 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to increase in mobile video viewing, increasing internet penetration and growing young/millennial population. Major trends in the forecast period include focus on product launches, mergers and acquisitions, launch of cloud-based live streaming services, technology advancements, subscription-based streaming services and increasing investments.

Increasing internet penetration in both rural and urban areas is expected to drive the growth of the live-streaming market going forward. Rising penetration of the internet helps consumers gain access to live streaming. For example, as of October 2022, according to DataReportal, a Singaporean online reference library, a total of 5.07 billion people around the world use the internet equivalent to 63.5 % of the world’s total population. Internet users continue to grow too with the data indicating that the world’s connected population grew by more than 170 million in the past 12 months. Additionally, in July 2022, according to Livemint, an Indian financial daily newspaper, there are a total of 692 million active internet users in India, including 351 million from rural India and 341 from urban India. The report estimates that there will be 900 million internet users in India by 2025. Therefore, increasing internet penetration is expected to propel the growth of the live-streaming market.

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The live streaming market covered in this report is segmented –

1) By Component: Platform, Services

2) By Model: Business-To-Business (B2B), Business-To-Consumer (B2C)

3) By End User: Media And Entertainment, Education, E-Sports, Government, Retail, Other End-Users

The launch of cloud-based live streaming services to enhance the bandwidth and for amplifying the whole streaming experience is gaining popularity in the live streaming market. For example, in September 2022, Haivision, a Canadian provider of real-time video streaming and networking solutions, launched an all-new cloud platform designed for churches – Haivision Connect. The livestreaming solution opens new possibilities for churches to easily connect and engage with audiences from anywhere.

The live streaming market report table of contents includes:

1. Executive Summary

2. Live Streaming Market Characteristics

3. Live Streaming Market Trends And Strategies

4. Live Streaming Market – Macro Economic Scenario

5. Global Live Streaming Market Size and Growth

26. South America Live Streaming Market

27. Brazil Live Streaming Market

28. Middle East Live Streaming Market

29. Africa Live Streaming Market

30. Live Streaming Market Competitive Landscape And Company Profiles

Top Major Players: