In a recent published report, Kenneth Research has updated the market report for Video Streaming Infrastructure Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Video Streaming Infrastructure Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Global Video Streaming Infrastructure Market Analysis 2019-2028
With a significant rise in the quality and speed of internet globally, there has been a significant boost which has been observed in video streaming. With electronic screens in the form of mobile phones and tablets being highly portable, it has become really convenient to stream videos at the touch of a button.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
The global video streaming infrastructure market is anticipated to achieve a CAGR of 15.36% over the forecast period, i.e. 2020-2028. Factors such as growing initiatives and innovations in the field of video streaming infrastructure along with the emergence of new solutions for digital experiences are anticipated to drive the growth of the global video streaming infrastructure market over the forecast period.
Additionally, the rising need for transcoding videos in order to deliver high quality and smooth live streams along with a rising demand for enhanced video streaming hardware are also significant factors expected to propel the growth of the global video streaming infrastructure market.
The global video streaming infrastructure can be segmented on the basis of type, video streaming type, end-user and by region.
Under the type category, the hardware segment is expected to hold the largest market share owing to the requirement of efficient hardware which works to enhance the quality of the video streams. The hardware segment is expected to reach a value of around USD 30,000 million by 2028. The hardware segment can further be divided into switches, transcoders, amplifiers, transmitters, modulators, servers, set-top box, codec unit, and others.
With the emergence of newer digital technologies, such as AI, the global video streaming infrastructure market is expected to witness a high adoption rate owing to its important role in various aspects for uploading and broadcasting video. There has been a rise in the popularity of live video streaming and on-demand video streaming owing to the increasing penetration of major broadcasting platforms including YouTube, Netflix, and others leading to a boost in the global video streaming infrastructure market.
Based on region, the global cooking robot market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The North America region is expected to witness a CAGR of around 14% over the forecast period owing to the establishment of major video broadcasting media platforms. The regional market is expected to reach around USD 21,000 million by 2028 after recording a value of USD 6,500 million in 2019.
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The European region is expected to record a market value of around USD 15,000 million by 2028 with a CAGR value of around 15% during the forecast period. This is owing to the rise in scientific and cultural research in the region and the demand for video content by researchers, trainees, students and others across Europe.
Prominent Key Players of Global Market
Some of the affluent industry leaders in the global video streaming infrastructure market are Microsoft Corporation, IBM, Huawei Technologies Co., Ltd., Haivision, Wowza Media Systems, LLC, Plantronics, Inc., Brightcove Inc., Telefonaktiebolaget LM Ericsson, NVIDIA Corporation and ZTE Corporation among others.
Business Questions answered by the report
- What might be the outcome of the BPS analysis for the Global Market?
- At what compound annual growth rate is the market in the region growing?
- What are the probable growth drivers for the growth of the market?
- What exactly is the remuneration that each geography holds?
- Which region is anticipated to accumulate the maximum market share by the end of the forecast period?
- What are the revenues of the segments for the Market?
- Who are the key players for the Global market?
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