The global stream hosting market is expected to expand at a 14.8% CAGR, with the market valuation reaching US$ 4 Billion in 2022. As per the report, the global stream hosting market size will reach US$ 16 Billion by 2032.
Online video continues to grow in popularity at the expense of traditional broadcast viewing. Viewers spend an average of six hours per week watching multiple types of internet videos, up 59 percent from 2016. Television viewing fell by 10% to roughly seven hours during the same period the previous year.
Individuals also appreciate internet streaming services for their ease, variety, flexibility, and cost-effectiveness. Unlike traditional TV viewers, video-on-demand users are not limited in their content choices by geography.
Viewers have switched from traditional televisions to on-demand video streaming services due to the ability to watch videos on the go via mobile apps and high-speed network connectivity. These factors are projected to boost the growth in the stream hosting market in the forthcoming years.
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Besides this, a surging preference for cloud video hosting will create opportunities for growth in the market. Cloud video hosting reduces the need for infrastructure as compared to traditional video hosting.
Organizations are looking for a more secure, reliable & scalable cloud video hosting platform as a result of the rapid growth of video hosting & streaming platforms. Cloud services are cost-effective, hence sales of cloud video services are expected to gain traction.
Key Takeaways from the Stream Hosting Market Report:
The stream hosting market is poised for significant growth, with video streaming sales projected to surge at a remarkable 16.2% CAGR in the coming years. Smartphones and tablets are anticipated to dominate the platform landscape by 2032, while the media and entertainment sector will continue to be the most profitable industry segment. Notably, the U.S. is set to maintain its stronghold in the North American market, capturing an impressive 82% share in 2022. Additionally, the U.K. market is expected to experience substantial growth, with sales forecasted to increase by 4.7 times during the assessment period. Mexico also emerges as a promising market, with sales expected to soar at an impressive 18.7% CAGR through 2032, signaling opportunities for robust expansion and investment.
Leading Key Players:
