Video Streaming Market to Witness Significant Growth Owing to Increasing Penetration of Smartphones for Online Video Streaming Till 2027 | Million Insights

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Factors such as availability of high-speed internet plans at low cost and increasing popularity of on-demand video streaming is anticipated to drive the market growth. In addition, rising demand for digital media for easy accessibility of data is projected to propel the growth of the market over the forecast period. On the basis of solution, the market is categorized into pay-TV over-the-top (OTT), and internet protocol TV. The OTT segment is gaining high popularity among the consumers owing to free delivery of TV and film content through internet.

The segment of tablets and smartphones accounted for the largest video streaming market share in 2019 owing to factors such as portability, easy data accessibility, availability of high-speed internet at low costs, changing lifestyles of people, and rising demand for mobile video streaming. However, smart TV segment is projected to grow at the fastest rate owing to availability of TV channels and video streaming services like Amazon Prime and Netflix on a common platform. On the basis of revenue model the segment of subscription model accounted for the largest market share and is anticipated to grow significantly from 2020 to 2027 owing to availability of different video streaming solutions and cheaper monthly and annual subscription plans.

Further key findings from the report suggest:

Browse 200 page research report with TOC on "Global Video Streaming Market" at: https://www.millioninsights.com/industry-reports/global-video-streaming-market

Million Insights has segmented video streaming market based on streaming type, solution, platform, service, revenue model, deployment type, user, and region:

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