The Asia Pacific video streaming market size is expected to reach USD 31,054.1 million by 2025, registering a 20.7% CAGR from 2019 to 2025 according to a new study by Grand View Research, Inc. The market is expected to grow over the forecast period owing to an extensive rise in consumption of online videos and the rising demand for viewing on-demand videos. In the Asia Pacific region, media consumption has grown drastically, especially due to the shift from traditional media to digital media.
The
growing adoption of smartphones and the easy availability of high-speed 3G, 4G,
and LTE internet services in several countries in the region have led to a
massive rise in digital data consumption volumes. In the near future, the
network connectivity with 5G technology is expected to lead to an increase in
the consumption of videos, especially in Japan, China, and South Korea where
the commercial deployment of 5G is already in process.
Easy
access to high-speed internet in several countries in the region is also
expected to drive the growth of the market. The high number of users of audio
and video streaming services has boosted internet data consumption.
Furthermore, there is a growing demand for connected devices and consumer
electronics devices that can support digital media and high-speed internet technologies,
which can allow consumers to access videos from anywhere.
However,
there are also some challenges faced by the market that can change its growth
prospects in the coming years. Over the past few years, the creation of media
content has witnessed a drastic change with a shift from traditional television
to online digital platforms. Online entertainment content providers such as
Netflix, Amazon, and Hulu have successfully introduced acclaimed original video
content in the region. These companies are also financing content in regional
languages in a bid to attract customers, especially in multilingual countries
such as India. The rising competition in the market, high cost of content
creation, and technical difficulties associated with viewing videos online are
expected to hinder the market growth to an extent over the forecast period.
Some
of the major video streaming solution providers in the region include Amazon
Web Series, Inc., Google Inc., Microsoft Corporation, Netflix, Inc., and
Tencent, iQIYI, Inc.
Full Research Report On Asia Pacific Video Streaming Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/asia-pacific-video-streaming-market
Further key
findings from the report suggest:
- In terms of solution, the
OTT segment is expected to grow at the fastest pace over the forecast
period owing to the increasing demand for improved automation of business
processes and the wide availability of broadband infrastructure in the
region
- In terms of platform, the
gaming consoles segment is expected to grow at a promising pace over the
forecast period, which can be attributed to the increasing demand for
video games and the increasing number of consumers viewing videos on
gaming consoles
- The growing emphasis and
initiatives undertaken by governments in the region to improve ICT
connectivity are expected to create new growth opportunities for the
market in APAC
- The increasing adoption of
smartphones and mobile broadband services also leads to an increase in the
usage of data services. The rising coverage of high-speed networks in APAC
countries is supporting these trends and leading to increased growth of
the market
- Developing countries,
including China and India, are expected to emerge as promising growth avenues
for the market in line with rapid technological advancements, increasing
use of smartphones and tablets, and the growing popularity of viewing
online videos
- Some of the key players in
the Asia Pacific video streaming market are Amazon Web Series, Inc.,
Google Inc., Microsoft Corporation, Netflix, Inc., Tencent, and iQIYI,
Inc.
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https://www.grandviewresearch.com/industry-analysis/asia-pacific-video-streaming-market/request/rs1
Grand View Research has segmented
the Asia Pacific video streaming market on the basis of streaming, solution,
platform, service, revenue model, deployment, user, application, and country.
Asia Pacific Video
Streaming Outlook (Revenue, USD Million, 2014 - 2025)
- Live Video Streaming
- Non-linear Video Streaming
Asia Pacific Video
Streaming Solution Outlook (Revenue, USD Million, 2014 - 2025)
- Internet Protocol TV
- Over the Top (OTT)
- Pay TV
Asia Pacific Video
Streaming Platform Outlook (Revenue, USD Million, 2014 - 2025)
- Gaming Consoles
- Laptops & Desktops
- Smartphones & Tablets
- Smart TV
Asia Pacific Video
Streaming Service Outlook (Revenue, USD Million, 2014 - 2025)
- Consulting
- Managed Services
- Training & Support
Asia Pacific Video
Streaming Revenue Model Outlook (Revenue, USD Million, 2014 - 2025)
- Advertising
- Rental
- Subscription
Asia Pacific Video
Streaming Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- Cloud
- On-Premise
Asia Pacific Video
Streaming User Outlook (Revenue, USD Million, 2014 - 2025)
- Residential
- Commercial
Asia Pacific Video
Streaming Application Outlook (Revenue, USD Million, 2014 - 2025)
- Real-time Entertainment
- Web Browsing &
Advertising
- Gaming
- Social Networking
- E-learning
- Others
Asia Pacific Video
Streaming Country Outlook (Revenue, USD Million, 2014 - 2025)
- China
- Japan
- India
- South Korea
- Australia
- Singapore
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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