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Published Fri, Apr 15th 2022
Online Streaming Platform Market to Partake Significant Development during 2030 Online streaming platform market is projected to expand at a CAGR of ~12% from 2020 to 2030 in terms of revenue, growth of the market is due to the rising adoption of online streaming platforms, as they supply realtime content, providing multiple benefits to viewers across the globe.
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The global online streaming platform market is anticipated to reach value of ~US$ 22 Bn by 2030. The online streaming platform market is projected to expand at a CAGR of ~12% from 2020 to 2030 in terms of revenue. Growth of the online streaming platform market is due to the rising adoption of online streaming platforms, as they supply realtime content, providing multiple benefits to viewers across the globe, which in turn has triggered growth of the market globally. Over the forecast period, North America is anticipated to emerge as the leading online streaming platform market, followed by Europe and Asia Pacific.
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Increase in Availability & Supply of Realtime Content
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Media consumption is increasing due to increasing availability and supply of realtime content and a rise in the number of devices capable of supporting digital media. Therefore, popularity of digital media players such as Netflix, Hulu, Amazon Prime, Hotstar, Roku, and Boxee is currently increasing and they are the main entertainment hubs. Online streaming platforms are gradually gaining popularity, as people are preferring online streaming services rather than traditional TV, in order to receive realtime content. An increasing number of online streaming platforms are being introduced every day.
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The growth of online streaming platforms has provided multiple benefits to viewers, as these platforms can be experienced wherever the users want to. People can choose different devices such as tablets, smartphones, and laptops in order to watch live events and realtime content. This in turn is expected to be a major factor that drives the online streaming platform market across the globe.
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Growing availability of realtime content is also estimated to boost user demand as well as developments in networks, which in turn is anticipated to propel the global online streaming platform market.
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Online Streaming Platform: Market Segmentation
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The global online streaming platform market has been segmented in terms of service, application, and region. Based on service, the online streaming platform market has been classified into SVOD (subscriptionbased video on demand), TVOD (transactionalbased video on demand), and AVOD (advertisementbased video on demand). Among applications, the media segment dominated the global online streaming platform market in 2019. Online Streaming Platform Market: Regional Outlook
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In terms of region, the global online streaming platform market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the online streaming platform market during the forecast period. The U.S. is estimated to hold a notable share of the market in North America and the market in the country is projected to expand at a CAGR of 15.3% during the forecast period, due to the high penetration rate of online streaming platforms due to its large subscriber base connected through multiple platforms. Asia Pacific held a substantial share of the global online streaming platform market in 2019 with China, India, and Japan being the major markets in the region. The online streaming platform market in Europe, Middle East & Africa, and South America is also projected to expand moderately over the forecast period.
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The report provides indepth segment analysis of the global online streaming platform market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the online streaming platform market. Inquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=77262 Online Streaming Platform Market: Competition Dynamics The research study includes profiles of leading companies operating in the global online streaming platform market. Key players profiled in the report include Dacast, Muvi LLC, Netflix, Inc., Dailymotion, Ustream (IBM Cloud), Vimeo, LLC, Disney+ Hotstar, YouTube (Google), SpotX, Inc., and Amazon.com, Inc. (Amazon Prime). Global Online Streaming Platform Market: Segmentation Online Streaming Platform Market, by Service SVOD (Subscriptionbased Video on Demand) TVOD (Transactionalbased Video on Demand) AVOD (Advertisementbased Video on Demand) Online Streaming Platform Market, by Application Media Education Sports Music Corporate Government TV & Radio Others (Worship Agencies) TMR Latest News Publication: https://www.prnewswire.com/newsreleases/manufacturingoperationsmanagementmomsoftware marketvaluationtocrossus172bnby2027findstmrstudy301394220.html About Us Transparency Market Research is a nextgeneration market intelligence provider, offering factbased solutions to business leaders, consultants, and strategy professionals. Our reports are singlepoint solutions for businesses to grow, evolve, and mature. Our realtime data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of factoriented problem solving methodologies and leveraging existing data repositories.
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