Global Video Streaming (streaming Media Industry) Market Size & Outlook
Global video streaming (streaming media industry) market, 2018-2030 (US$B)
Related Markets
Global video streaming (streaming media industry) market highlights
- The global video streaming (streaming media industry) market generated a revenue of USD 106.8 billion in 2023 and is expected to reach USD 416.8 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 21.5% by 2030.
- In terms of segment, on-demand accounted for a revenue of USD 65.6 billion in 2023.
- Live Streaming is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 106.8 billion |
| Market revenue in 2030 | USD 416.8 billion |
| Growth rate | 21.5% (CAGR from 2024 to 2030) |
| Largest segment | On-demand |
| Fastest growing segment | Live Streaming |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | On-Demand, Live Streaming |
Other key industry trends
- In terms of revenue, the North America accounted for 31.6% of the global video streaming (streaming media industry) market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 25.0 billion by 2030.
On-demand was the largest segment with a revenue share of 61.42% in 2023. Horizon Databook has segmented the Global video streaming (streaming media industry) market based on on-demand, live streaming covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for devices that are capable of supporting digital media coupled with faster internet are helping consumers to access media content anywhere across the globe. In the U.S., media consumption has grown drastically especially due to the shift from traditional media to digital media.
For instance, the increasing number of digital media players, such as Amazon, Netflix, Apple TV, and Hulu, among others, are challenging traditional televisions as the main entertainment platform. The growing adoption of smartphones in combination with an extensive range of high-speed internet technologies, such as 3G, 4G, and LTE, has subsequently led to an increasing growth of data consumption.
The audio and video traffic across the globe have boosted the internet data consumption. Furthermore, there is a growing demand for connected devices and consumer electronics that are capable of supporting digital media and high-speed internet technologies that help consumers to access video content anywhere across the globe.
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Video Streaming (Streaming Media Industry) Market Scope
Video Streaming (Streaming Media Industry) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Akamai Technologies Inc | View profile | 200 | 145 Broadway, Cambridge, MA, United States, 02142 | https://www.akamai.com |
| Netflix Inc | View profile | 13000 | 121 Albright Way, Los Gatos, CA, United States, 95032 | https://www.netflix.com |
| The Walt Disney Co | View profile | 225000 | 500 South Buena Vista Street, Burbank, CA, United States, 91521 | https://www.thewaltdisneycompany.com |
| Kaltura Inc | View profile | 580 | 860 Broadway, 3rd Floor, New York, NY, United States, 10003 | https://www.kaltura.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Global video streaming (streaming media industry) market size, by region, 2018-2030 (US$B)
Top 10 countries: Video streaming (streaming media industry) market size, 2023 (US$B)
Global video streaming (streaming media industry) market share, by service, 2023 & 2030 (%, US$B)
Video streaming (streaming media industry) market: Opportunity assessment by country
Global video streaming (streaming media industry) market, by region, 2023 (US$B)
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