ALBANY, New York, June 2, 2020
- The outbreak of the novel coronavirus has led to forced lockdowns in several regions. This has prompted the masses to increase their daily consumption of online content.
- Streaming of cult TC shows, movie classics, and factual documentaries has garnered the interest of the masses.
ALBANY, New York, June 2, 2020 /PRNewswire/ -- The demand within the global online streaming platform market is set to increase at a stellar pace in the times to follow. The quest of the entertainment industry to penetrate into the psyche of the masses via multiple channels has created fresh demand within this market. Online streaming platforms have created a buzz amongst content-oriented consumers who are constantly looking for fresh and entertaining content. Youngsters have especially become inclined towards subscribing to multiple streaming platforms. Several youngsters explain their willingness to pay for multiple subscriptions to allay their 'fear of missing out'. The latter is a nascent tendency in young people who want to stay on top of everything that is going around the world. In light of the factors mentioned above, it is safe to expect that the global online streaming platform market would grow at a sturdy pace.
The total value of the global online streaming platform market is projected to touch US$ 22 Bn by the end of 2030. Furthermore, the CAGR of the online streaming platform market is tabulated at 12% over the period between 2020 and 2030. Several key trends pertaining to consumer tendencies and preferences have played an integral role in market growth and maturity.
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Streaming of Cult Series and Movies
Gather core insights about the growth dynamics of the Global Online Streaming Platform Market (Service: SVOD [Subscription-based Video on Demand], TVOD [Transactional-based Video on Demand], and AVOD [Advertisement-based Video on Demand]; and Application: Media, Education, Sports, Music, Corporate, Government, TV & Radio, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at: https://www.transparencymarketresearch.com/online-streaming-platform-market.html
Global Online Streaming Platform Market: Growth Drivers
Steering Clear of Obstructions to Market Growth
Online streaming platforms have to ensure they release fresh content on a regular basis to prevent slump in viewership. Besides, these platforms are required to continuously dig out old content that finds relevance for the masses in the contemporary times. The success of the streaming platforms depends on their ability to tap into the psyche of the masses.
Analyze online streaming platform market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Global Online Streaming Platform Market: Leading Companies
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Online Streaming Platform Market – Segmentation
Segmentation by Service:
Segmentation by Application:
Segmentation by Region
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