Global Video Streaming Infrastructure Market TOC
Video Streaming Infrastructure Market size is projected to cross USD 116.8 billion by the end of 2033, growing at a CAGR of 15.9% during the forecast period, i.e., 2023 – 2033. In the year 2022, the industry size of video streaming infrastructure was USD 23.18 billion. The growth of the market can be attributed to the rising number of millennials in the world and the introduction of wireless technology that supports video streaming. As per World Economic Forum, there are 1.8 billion millennials, or 23% of the world's population. Since, video creation and video streaming are high among millennials, the market for video streaming infrastructure is also on rise.
In addition, global video streaming infrastructure market growth is boosted by the increasing use of live streaming platforms in the healthcare industry. The impact of the COVID-19 pandemic is anticipated to have a significant beneficial impact on the size of the global market. This is related to the widespread use of online live broadcasting, which is backed by supportive regulations, as well as the decline in in-person doctor appointments. The healthcare industry benefits from the use of video streaming in a number of ways, including mass communication, the adoption of new policies and regulations, assigning wellness videos to patients, live streaming surgical videos, live broadcasting of public and private events, interactive health webinars, emergency protocol training videos, and others.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~15.9% |
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Base Year Market Size (2022) |
~ USD 23.18 billion |
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Forecast Year Market Size (2033) |
~ USD 116.8 billion |
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Regional Scope |
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Type (Hardware, Software, Services)
The hardware segment in the video streaming infrastructure market is slated to surpass more than USD 55.51 billion by the end of 2033. This market valued at USD 13.46 billion in the year 2022. The growth of the segment can be attributed to the growing demand for compact infrastructure for video streaming with growing viewership across the globe are driving the need for enhanced video streaming hardware.
End-User (Broadcast, Operator & Media, BFSI, Education, Media & Entertainment, Healthcare, Government)
Video streaming infrastructure market from the broadcast, operator & media segment is expected to rise at the highest CAGR of 16.8% over the projected period. There is a growing trend towards streaming media (online). Hence, with the growing number of internet users, the segment is also expected to experience growth. A total of about 4 billion individuals were using the internet globally as of April 2023, accounting for approximately 63% percent of the global population.
Our in-depth analysis of the global video streaming infrastructure market includes the following segments:
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Type |
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Video Streaming Type |
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End-user |
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North American Market Forecast
The North America video streaming infrastructure market is projected to hold the largest market revenue of USD 43.37 billion by the end of 2033. The growth of the market can be attributed majorly to the growing demand for video streaming across the US and Canada and the increasing use of innovative streaming protocols and streaming services. In December 2021, around 85% of American households had access to video streaming services. Also, 109.4 million American homes now have access to streaming video services.
APAC Market Analysis
The video streaming infrastructure market in Asia Pacific is poised to grow at a highest CAGR of 18.1% over the forecast period. The industry is growing as a direct result of the rising use of cloud-based video streaming services to increase the number of people who can access video content. This pattern has been noted by many nations in the Asia-Pacific area. Cost-cutting measures and advancements in the way video services are delivered are also expected to have little effect on market expansion over the course of the forecast year. To overcome the absence of digital connectivity in the sector, market leaders are focusing on enhancing coverage in areas without the necessary infrastructure.
Author Credits: Abhishek Verma, Hetal Singh
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