NEW YORK, Jan. 19, 2022 /PRNewswire/ -- The live streaming market size is set to grow by USD 25.19 bn from 2021 to 2026, according to Technavio. The growth momentum of the market will accelerate at a CAGR of 13.47%. The year-over-year growth rate of the market in 2022 is 12.87%.

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The report also covers the following areas:

• Live Streaming Market size
• Live Streaming Market trends
• Live Streaming Market industry analysis

 Live Streaming Market 2022-2026: Segmentation

• Product
• Platform
• Services
• Geography
• APAC
• North America
• Europe
• South America
• MEA

Regional Market Analysis

APAC will account for 49% of the market's growth during the forecast period. China and Japan are the key countries for the live streaming market in APAC. Moreover, market growth in this region will be faster than the growth of the market in North America and Europe.

The high-speed data and increase in the use of smartphones will drive the live streaming market growth in APAC during the forecast period. In addition, the popularity of online digital providers, including Netflix, Amazon, and Disney, will increase owing to awareness campaigns on social media platforms.

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Key Vendors and Vendor Strategies

Alphabet Inc., Amazon.com Inc., Empire Video Productions LLC, Facebook Inc., Flux Broadcast, International Business Machines Corp., Microsoft Corp., Super Digital d.o.o., Vimeo.com Inc., and WaveFX Ltd. are few of the key vendors in the live streaming market. Vendors are using organic and inorganic growth strategies to compete in the market. The key news of some of these vendors is mentioned below:

• In June 2021, Amazon.com Inc and Salesforce announced an expanded partnership to unify developer experiences and launch new intelligent applications.
• In November 2021, International Business Machines Corp. and Infosys Finacle partnered to help banks accelerate Cloud transformation journeys.
• In December 2021, Microsoft Corp. and CVS Health announced a partnership to reimagine personalized care and accelerate digital transformation.

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Key Market Drivers

Our analysts have extensively outlined the information on the key market drivers and their impact on the live streaming market.

• Increase in penetration of 4G and 5G technologies:
• The increase in penetration of 4G and 5G technologies will encourage users to opt for online live-streaming services. The number of users of high-end smartphones is expected to rise during the forecast period, with the introduction of low-budget smartphones that have large screens and high display resolutions. This will significantly drive the demand for and the consumption of live-streaming audio and video content. Moreover, low-cost mobile Internet subscriptions will encourage online streaming service providers to explore mobile platforms and launch online streaming services.

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Live Streaming Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist live streaming market growth during the next five years
• Estimation of the live streaming market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the live streaming market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of live streaming market vendors

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio