The
online streaming services market and it is
poised to grow by USD 149.96 bn during 2020-2024, progressing at a CAGR of over
18% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Although the COVID-19 pandemic continues to transform the growth of
various industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
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COVID-19 Impacts
Frequently Asked Questions:
- What are the
major trends in the market?
Growing popularity of online video streaming in education sector is a major trend driving the growth of the market. - At what rate is
the market projected to grow?
The year-over-year growth for 2020 is estimated at 14.38% and the incremental growth of the market is anticipated to be $ 149.96 bn. - Who are the top
players in the market?
Alibaba Group Holding Ltd., Amazon.com Inc., Baidu Inc., Balaji Telefilms Ltd., Eros International Plc, iflix Ltd., Netflix Inc., Spotify Technology SA, Tencent Holdings Ltd., and The Walt Disney Co., are some of the major market participants. - What is the key
market driver?
The rising penetration of smartphones is one of the major factors driving the market. - How big is the
North America market?
The North America region will contribute 33% of the market share.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Alibaba Group Holding Ltd., Amazon.com
Inc., Baidu Inc., Balaji Telefilms Ltd., Eros International Plc, iflix Ltd.,
Netflix Inc., Spotify Technology SA, Tencent Holdings Ltd., and The Walt Disney
Co. are some of the major market participants. The rising penetration of
smartphones will offer immense growth opportunities. To make most of the
opportunities, market vendors should focus more on the growth prospects in the
fast-growing segments, while maintaining their positions in the slow-growing
segments.
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Technavio's custom research reports offer detailed insights on the
impact of COVID-19 at an industry level, a regional level, and subsequent
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with new product launches in direct & indirect COVID-19 related markets,
upcoming vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.
Online Streaming Services Market 2020-2024: Segmentation
Online Streaming Services Market is segmented as below:
- Type
- Online Video Streaming
- Online Audio Streaming
- Geography
- North America
- Europe
- APAC
- South America
- MEA
Online Streaming Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The online streaming services
market report covers the following areas:
- Online Streaming Services
Market Size
- Online Streaming Services
Market Trends
- Online Streaming Services
Market Industry Analysis
This study identifies growing popularity of online video streaming in
the education sector as one of the prime reasons driving the online streaming
services market growth during the next few years.
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