Skip to main content

How Is Rising Internet Use Driving Video Streaming Market Growth?

Categories under the deployment segment of the video streaming market include cloud and on-premises. In 2018, the on-premises category generated the higher market revenue, due to the dominance of Pay TV, despite the emergence of OTT platforms. For instance, in recent years, cable TV, DTH, and DTT have been witnessing a significant surge in North America. Whereas, the cloud category is expected to demonstrate the fastest growth during the forecast period, because Dropbox, iCloud, Google Drive, and SharePoint have become a vital part of the overall mobile experience.

Geographically, North America accounted for the largest share in the video streaming market in 2018, due to the wide-scale practice of streaming videos on smartphones in the region. Moreover, the availability of high internet speed and strong broadband connectivity North America are major contributors to the market growth in the region. Besides, the increasing availability of customized content is also supporting the market growth in the region.

 


Additionally, the burgeoning investments being made in innovative technologies are also adding to the revenue of the regional market. Whereas, the Asia-Pacific (APAC) video streaming market is expected to witness the fastest growth during the forecast period. This can be attributed to the surging penetration of smart devices, such as laptops, smartphones, smart TVs, and tablet PCs, declining data costs, escalating internet surfing activities on handheld devices, and rising advancements in the telecom infrastructure in the region.

Among APAC nations, India is projected to demonstrate the fastest growth in the forecast years, due to the falling data tariffs and increasing penetration of smartphones in the country. Thus, the growing penetration of the internet and the booming number of social media users will drive the market growth in the foreseeable future.

This market research report provides a comprehensive overview of the 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

Comments

Post a Comment

Popular posts from this blog

Why is Demand for Ambient Lighting Surging in Asia-Pacific?

The surging adoption of LED lights in the industrial sector is credited to their high energy efficiency and excellent design structure. Additionally, the large-scale installation of LED lights in the residential sector is broadening the scope for greater efficiency and advanced designs. Luminaires and lamps, and lighting controls are the two most widely used types of ambient lighting solutions. Between these, the demand for luminaires and lamps was found to be higher in the world during the last few years. This was because luminaires and lamps are integral components of ambient lighting solutions. Furthermore, with the rising demand for greater energy efficiency, the adoption of LED lamps and luminaires is predicted to soar sharply in the forthcoming years.  Geographically, the demand for ambient lighting solutions was observed to be the highest in the Asia-Pacific (APAC) region in the years gone by and this trend will continue in the upcoming years as well. This is attributed to ...
Post a Comment
Read more

Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable.  One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure). Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the APAC air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period).  Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atom...
Post a Comment
Read more

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...
Post a Comment
Read more