Content Streaming Market Witnessing Outstanding Growth Opportunities to Reach US$ 271.49 Billion by 2028

Content Streaming Market Witnessing Outstanding Growth Opportunities to Reach US$ 271.49 Billion by 2028

Summary

The global content streaming market is witnessing an extraordinary surge, showcasing a compound annual growth rate (CAGR) of 14.2%, evolving from ~$140.55 billion in 2023 to an anticipated ~$160.55 billion in 2024. This expansion can be credited to the amalgamation of high-speed internet prevalence, smart devices, original content creation, and a pronounced trend towards cord-cutting. The market's future outlook remains robust, with projections setting the value at ~$271.49 billion by 2028, flourishing at a CAGR of 14.0%. Drivers of this vigorous growth include advancements in personalization and AI technologies, the increasing allure of live streaming, initiatives in global content licensing, the advent of 4K and 8K streaming quality, and the development of interactive content experiences.

Market Dynamics

Improved access to high-speed internet and smart device proliferation are pivotal in enabling consumers to engage with media content on-demand. Digital media players like Netflix, Hulu, and Amazon Prime are catalyzing a significant spike in online media content consumption.

The market is segmented into platforms such as smartphones, desktops, and smart TVs, as well as content types including on-demand and live video streaming.

Regional Highlights

North America led the content streaming market in 2023, while Africa is projected to witness the fastest growth in the coming period. This regional analysis details the market's performance across various continents and countries.

Industry Players

The market encompasses an array of prominent companies like Netflix Inc., Disney+, and Hulu LLC. Further, strategic acquisitions such as the purchase of LiveU by Carlyle highlight the market's vibrant competitive scenario.

Conclusion

The content streaming market report provides a detailed outlook on the sector's future, taking into account the technological evolutions, consumer behaviors, and strategic industry developments. With the demand for digital content continuing to soar, the market is set on a trajectory of sustained growth and innovation.

Key Topics Covered

  1. Executive Summary
  2. Content Streaming Market Characteristics
  3. Content Streaming Market Trends And Strategies
  4. Content Streaming Market - Macro Economic Scenario 4.1. Impact Of High Inflation On The Market 4.2. Ukraine-Russia War Impact On The Market 4.3. COVID-19 Impact On The Market
  5. Global Content Streaming Market Size and Growth 5.1. Global Content Streaming Market Drivers and Restraints 5.2. Global Content Streaming Historic Market Size and Growth, 2018-2023, Value ($ Billion) 5.3. Global Content Streaming Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
  6. Content Streaming Market Segmentation 6.1. Global Content Streaming Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, ($ Billion) 6.2. Global Content Streaming Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, ($ Billion) 6.3. Global Content Streaming Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, (~$ Billion)
  7. Content Streaming Market Regional And Country Analysis 7.1. Global Content Streaming Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, ($ Billion) 7.2. Global Content Streaming Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, ($ Billion)

Key Companies Profiled

  • Netflix Inc.
  • Amazon Web Services Inc.
  • Akamai Technologies Inc.
  • Hulu LLC.
  • Apple Inc.
  • Google LLC
  • Cisco Systems Inc.
  • Disney+
  • Kaltura Inc.
  • AT&T Inc.
  • Adobe Inc.
  • IBM Corporation
  • Tencent Video
  • iQIYI Inc.
  • HBO Max
  • Paramount Plus
  • Eros Digital FZ LLC
  • ALT Digital Media Entertainment Limited
  • Globo Comunicação e Participações S.A.
  • Starz Entertainment LLC
  • iflix Sdn Bhd
  • ESPN Inc.
  • Peacock TV LLC
  • Canal Plus Group SAC
  • CuriosityStream Inc.
  • StarTimes Media
  • Sony Pictures Networks India Private Limited
  • Discovery Inc.
  • DAZN Group Limited
  • PCCW Media Limited
  • AMC Networks Inc.
  • MUBI Inc.
  • Nordic Entertainment Group AB
  • WatchIT Media FZ LLC
  • Ellation LLC
  • RTL Group
  • SamCube TV
  • MBC Group
  • Yandex LLC
  • Bell Media Inc.