June 04, 2021
According to the research literature titled ‘Global Video Streaming Infrastructure Market - Analysis By Streaming Type (On Demand, Live), Component (Hardware, Software, Services), End User, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global video streaming infrastructure market was valued USD 15.9 billion in 2020 and is expected to grow considerably through 2026.
As per the findings of the research report, rapid digitalization, rising penetration of mobiles and tablets, and growing popularity of online video streaming platforms are promulgating the growth of global video streaming infrastructure market growth. Further, increasing coverage of high-speed internet technologies like, 3G, 4G, and LTE are enhancing the industry outlook.
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Elaborating on the latest developments, the COVID-19 pandemic has forced an unparalleled number of people across the globe to shift from working in an office to working at home. In this changing environment, communications service providers play a pivotal role in supporting a functional community with digital communication capabilities, and their significance is increasingly growing as new digital behaviors emerge. People are using different live streaming sites and apps to be informed on the ongoing COVID-19 status, stay amused, play games, and socialize, in turn has expanded the global video streaming infrastructure market remuneration scope.
In particular, China and Italy saw an increase in the consumption of digital content from a variety of outlets, including mobile applications, TV streaming, and gaming Many other nations are witnessing similar trends, subsequently helping various live streaming sites, such as YouTube Live, Twitch, and Facebook Live to flourish amid the pandemic.
On the geographical front, key contributors to the overall video streaming infrastructure market remuneration are Americas (U.S., Canada, Brazil), Europe (France, Germany, United Kingdom), and Asia Pacific (China, India, Japan).
Industry experts cite that Asia Pacific market is expected to showcase strong growth trends through 2026, largely driven by mounting demand for high-speed internet connectivity and on-demand video streaming. Technological advancements such as implementation of blockchain technology and artificial intelligence to improve overall video streaming experience, along with rising adoption of cloud-based streaming platforms are also adding to the regional market growth.
Speaking of the competitive arena, top-tier players in global video streaming infrastructure market sphere are SeaChange International Inc., Telefonaktiebolaget LM Ericsson, ZTE Corp., Nvidia Corp., Huawei Technologies Co. Ltd., Plantronics Inc., Brightcove Inc., Wowza Media Systems LLC, IBM Corp., and Haivision Systems Inc.