Research Nester published a report titled “Video Streaming Infrastructure Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the video streaming infrastructure market in terms of market segmentation by type, video streaming type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Owing to the development of digital technology, it has become easier to have access to fast paced internet. Gadgets such as mobile phones have brought the ability to stream videos anywhere with a network access. In order to sustain this field of video streaming, it is necessary that the backend infrastructure supporting this process is of top quality. Video streaming infrastructure consists of a set of hardware, software and other services which help in the distribution of videos over a defined network. Various video streaming services including Netflix, Amazon, and others extensively use these infrastructure services.
Propelled by the growing innovations and initiatives along with the rise in need for transcoding of videos, the global video streaming infrastructure market is expected to witness a significant growth in the upcoming years. The global video streaming infrastructure market is expected to grow at a CAGR of 15.36% over the forecast period, i.e. 2019-2028, and was valued at USD 15,230 million in 2019 and is expected to reach USD 54,980.4 million by 2028.
The market is segmented on the basis of type, video streaming type, end-user, and region. Under the type category, the hardware segment is expected to gather a revenue of USD 10,457.9 million in the year 2020 on the back of rise in the innovations and initiatives to deliver high-quality digital experiences for users.
Based on region, the global video streaming infrastructure market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa region, out of which, the market in North America is projected to witness the highest growth. It is estimated that this region will bring in a value of USD 6,427.1 million in 2019 and is anticipated to reach USD 21,370.9 million by 2028. This growth can be attributed to the rise of internet penetration in the region. Moreover, video streaming service providers such as Netflix, Amazon, and others are witnessing a significant rise in their customer base. This growth is addressing the need for better and enhanced streaming infrastructure, which in turn, is expected to influence the growth of the global video streaming infrastructure market.
The video streaming infrastructure market in the European region is expected to reach USD 14,899.7 million by 2028 from USD 4,264.4 million in 2019. It is also expected to record a CAGR of 14.94% over the forecast period on the back of rise in adoption rate of live and on-demand video streaming services which provides content to researchers, trainees, and students across the European region.
Growing Innovations and Initiatives to Drive Market Growth
With the rise in various innovations and initiatives globally, there has been a rise in demand for high-quality digital experiences which is expected to propel the global video streaming infrastructure market. These innovations have also led to a growing number of streaming services and solutions that have entered the market. Newer players are looking to invest in this field in order to try and capture a share of the revenue from major players. As a result, the global video streaming infrastructure market is expected to witness a significant growth in the coming years.
However, factors including bandwidth limitations, high cost associated with video streaming infrastructure, and piracy concerns are expected to act as major restraints towards the growth of the global video streaming infrastructure market.
This report also provides the existing competitive scenario of some of the key players of the video streaming infrastructure market which includes company profiling of Microsoft Corporation (NASDAQ: MSFT), IBM (NYSE: IBM), Huawei Technologies Co., Ltd., Haivision, Wowza Media Systems, LLC, Plantronics, Inc. (NYSE: PLT), Brightcove Inc. (NASDAQ: BCOV), Telefonaktiebolaget LM Ericsson (STO: ERIC-B), NVIDIA Corporation (NASDAQ: NVDA), and ZTE Corporation (SHE: 000063) among other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the video streaming infrastructure market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.