Livestreaming Video and Camera Market Growth Expected to Garner USD 2,598.76 Million by the End Of 2028

Research Nester published a report titled “Livestreaming Video and Camera Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global livestreaming video and camera market in terms of market segmentation by cameras, resolution, application, pricing, distribution channel, end-user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The International Telecommunication Union (ITU), in one of its statistics, stated that internet users around the globe grew from 1.1 Billion in 2005 to 3.7 Billion in the year 2018. The number of users were further estimated to reach 4 Billion by the end of 2019.

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The trend for social media platforms has witnessed a massive spike in the recent years owing to the growing adoption of internet amongst individuals worldwide. Moreover, there has been a significant surge in the numbers of online video bloggers, who often use social media platforms to connect to their audiences. Live streaming allows video creators to engage with their target audiences at a very low cost, and also does not require the creator to have an expertise for different video editing tools. Businesses, on the other hand, are increasingly using live streaming platforms to provide live Q&A sessions, and also provide online support for any query.

They are also using live streaming platforms to give virtual tour of their offices. Owing to such factors, the global live streaming video and camera market is expected to garner USD 2,598.76 Million by the end of 2028, up from USD 895.21 Million in 2019. Moreover, the market is anticipated to grow with a CAGR of 13.1% over the forecast period, i.e., 2020-2028.

The global livestreaming video and camera market is segmented by resolution into 2K, 4K, 8K, and others. Amongst these segments, the 4K segment is expected to gain the largest revenue of USD 858.43 Million by the end of 2028. 4K resolution cameras allow the video creators to record the video at a higher resolution. With recording options available up to 60 frames per second, recording a video by these cameras does not blur the video clips. Moreover, the clips provide greater detail as compared to other cameras and can be streamed online easily even if the internet connectivity is a bit poor.

Geographically, the global livestreaming video and camera market is segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst the market in these regions, the market in North America is estimated to grow with a CAGR of 13.2% during the forecast period and further hold the largest market share of 32.79% by the end of 2028. The market in the region is also expected to attain a revenue of USD 852.23 Million by 2028.

However, technical glitches in the platform used for live streaming and the crashing of the application during streaming is expected to act as a key factor hampering the market growth.

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This report also provides the existing competitive scenario of some of the key players of the global livestreaming video and camera market which includes company profiling of Panasonic Corporation, ARRI AG, Sony Corporation, Blackmagic Design Pty. Ltd., RED Digital Cinema, LLC, Z CAM, Logitech, Canon Inc., GoPro, Inc., Nikon Corporation, and others. 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 global livestreaming video and camera 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.     

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