Artificial Intelligence
Video Streaming Market to Reach USD 842.93 Billion by 2027; Increasing Popularity of OTT Platforms to Drive Market Growth: Says Fortune Business Insights™
Pune, India, June 30, 2021 (GLOBE NEWSWIRE) — The global video streaming market, size is likely to hit USD 842.93 billion by 2027, exhibiting a CAGR of 12.0% during the forecast timescale. Video streaming is a form of media streaming in which a video file is streamed to a remote user with the help of the internet. Enhancing internet connectivity and increasing population are majorly driving the market growth. Fortune Business Insights™ has presented this information in an upcoming report titled, “Video Streaming Market, 2020-2027”. The market size stood at USD 342.44 billion in 2019.
The report divulges several factors contributing to the video streaming market growth. For instance, a study by Cisco Systems Inc. witnessed an increase of over 47% in live streaming in 2018.
Report Coverage-
The Video Streaming Market report offers an exhaustive evaluation of the key market players and their growth strategies. The report studies the political, social, economic, technological, and environmental factors promoting the market’s growth in several regions. The report contains an in-depth analysis of the different factors driving, restraining, and creating opportunities in the market. The report incorporates Porters’ five Forces Analysis for a precise prediction. The report also highlights the effects of COVID-19 on the market.
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Segmentation-
Based on components, the market trifurcates into content delivery services, software, and hardware. On the basis of streaming type, the market bifurcates into on-demand video streaming and live video streaming. On the basis of the streaming model, the market segments into subscription-based, advertisement-based, and transactional-based/rental. On the basis of deployment, the market divides into cloud and on-premise. Based on end-user, the market fragments into residential and commercial. Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
COVID-19 Impact-
The global pandemic may have stagnated the growth of several industries and markets, but the video streaming market has experienced a positive impact throughout the pandemic. Educational institutes have switched to online teaching methods; the working population is functioning through meetings, training, and webinars over the internet. Healthcare organizations are using live video streaming for consultation, diagnosis, staff training, etc. The market is expected to experience dynamic market growth due to the uncertain duration of lockdowns and the pandemic itself.
Click here to get the short-term and long-term impact of COVID-19 on this Video Streaming Market.
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Some of the Key Questions Answered in this Report:
- Detailed Overview of video streaming market share will help deliver clients and businesses making strategies.
- Influencing factors that are thriving demand and latest trends running in the market.
- video streaming industry growth forecast for global market split into segments like region, product, applications, end-user, technology, etc.
- What trends, challenges and barriers will impact the development and sizing of the Global video streaming services market share?
- SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
- What is the on demand video streaming growth momentum or market carries during the forecast period?
- Which region may tap the highest market share in the coming era?
- Which application/end-user category or Product Type may seek incremental growth prospects?
- What focused approach and constraints are holding the video streaming services market share demand?
Drivers & Restraints-
Mushrooming Utilization of Live Video Streaming by Various Businesses to Augment Growth
Various businesses are experiencing the importance of live video streaming and the advantages associated with it. During the pandemic, the market has witnessed an uptick due to the growing adoption of live streaming for one or the other purposes. For instance, schools and colleges have shifted to online teaching methods for effectively imparting knowledge to students.
The increasing population and the growing fondness for online streaming platforms are also expected to accelerate the Video Streaming Market in the upcoming years. The increasing popularity of over-the-top (OTT) streaming platforms have created an unparalleled demand for live video streaming content. The growing user base of OTT services like Hulu, Netflix, Disney+, etc., due to flexible pricing and abundant video content is likely to spur market growth. New OTT platform launches by prominent broadcasting networks are also expected to augment market growth. Additionally, the ability to stream live content on mobile devices through these platforms is likely to fuel market growth.
However, the bandwidth crunch and latency problems encountered during the streaming of videos with high graphics are likely to act as a restrainting factor to the market growth.
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Competitive Landscape-
Partnerships and Product Development to Augment Growth
The dynamic consumer preferences are constantly shaping the streaming market. This has compelled the major players to envisage stringent strategies for growth. The key players are focusing on various growth strategies like product development, strategic collaborations, content monetization, etc. These players are also incorporating new payment methods to expand their consumer base. For instance, Netflix In. and Samsung Group announced a partnership in February 2020 to provide live streaming of content exclusively for the Galaxy smartphones users in South Korea.
Industry Developments-
- May 2020: Amazon Web Services Inc. introduced a small hardware device named Elemental Link for seamless connection of live video resources.
- June 2019: Tencent expands its streaming services beyond China, with Tencent Video Service launch in Thailand.
largest players in video streaming market are:
- Akamai Technologies (Massachusetts, U.S.)
- Amazon.com Inc. (Washington, U.S.)
- Apple Inc. (California, U.S.)
- AT&T Inc. (Texas, U.S.)
- Brightcove Inc. (Massachusetts, U.S.)
- Cisco Systems Inc. (California, U.S.)
- Google LLC (California, U.S.)
- IBM Corporation, (New York, U.S.)
- iQIYI (Beijing, China)
- Kaltura Inc. (New York, U.S.)
- Netflix Inc. (California, U.S.)
- Roku Inc. (California, U.S.)
- Tencent (Shenzhen, China)
- Walt Disney Company (California, U.S.)
- Wowza Media Systems LLC (Colorado, U.S.)
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Table Of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints, and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Key Industry Developments – In Response to the COVID-19 Impact
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Video Streaming Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Hardware
- Gaming Console
- Media Streamers
- Streaming Box
- Streaming Sticks
- Encoder
- Software
- Transcoding and Processing
- Video Delivery and Distribution
- Video Management
- Others
- Content Delivery Services
- Pay TV
- Internet Protocol TV (IPTV)
- Over-the-Top (OTT)
- Hardware
- By Streaming Type (Value)
- Live Video Streaming
- On Demand Video Streaming
- By Streaming Model (Value)
- Advertisement-Based
- Subscription-Based
- Transactional-Based
- By Deployment (Value)
- On-Premise
- Cloud
- By End-User (Value)
- Commercial
- Residential
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Component (Value)
- North America Video Streaming Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Hardware
- Gaming Console
- Media Streamers
- Streaming Box
- Streaming Sticks
- Encoder
- Software
- Transcoding and Processing
- Video Delivery and Distribution
- Video Management
- Others
- Content Delivery Services
- Pay TV
- Internet Protocol TV (IPTV)
- Over-the-Top (OTT)
- Hardware
- By Streaming Type (Value)
- Live Video Streaming
- On Demand Video Streaming
- By Streaming Model (Value)
- Advertisement-Based
- Subscription-Based
- Transactional-Based
- By Deployment (Value)
- On-Premise
- Cloud
- By End-User (Value)
- Commercial
- Residential
- By Country (Value)
- The U.S.
- Canada
- By Component (Value)
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Artificial Intelligence
Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees
DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.
The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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Leverage Artificial Intelligence (AI) to easily find the perfect domain name for your business
ISLAMABAD, June 17, 2024 /PRNewswire/ — As you embark on your online journey, choosing the right domain name plays a vital role in establishing your web presence. It is often one of the earliest decisions you will make as an entrepreneur or small business owner.
GoDaddy is harnessing the power of AI to help entrepreneurs and small business owners find the right domain name for their business, themselves, or their organization. GoDaddy AI Domain Search tool is designed to deliver personalized domain suggestions tailored to each user’s unique needs. Having a catchy and memorable domain name for your business helps to enhance branding and provides increased visibility for a business on the internet.
By simply entering a business description or keywords, users receive creative and unique domain name choices that can align with their brand identity and vision. GoDaddy uses generative AI to provide users with personalized and brandable domain name suggestions based on their business description, idea, product, or service.
GoDaddy AI Domain Search can simplify the process of finding the perfect domain name for a business. When a user enters information describing their business, project, or idea, including such details as business name if already chosen, location or industry, within seconds the AI tool makes suggestions by creating a list of available domain names with different variations and domain name extensions tailored to your needs.
Finding a domain name for a business idea is important as the name chosen will be reflective of your brand for many years to come. Here are some tips for finding available domain names:
Use specific keywords that describe your business, your products and services, your location, and your industry.Use keywords that people would enter when searching for your products or services.Try using variations of a word you want in your domain name to get more options.Mix up keyword combinations that can describe your business.Your aim is to create a name that is memorable, easy to pronounce, and stands out in your industry.In a world driven by AI, GoDaddy AI Domain Search tool simplifies the process of finding the perfect domain name, enabling you to effortlessly brainstorm and explore creative ideas that align with your vision. Within seconds, you can receive a selection of available domains, empowering you to bring your idea to life.
To experience the power of GoDaddy AI Domain Search visit: www.godaddy.com/en-ph/domains/domain-name-generator
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
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Artificial Intelligence
Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market
SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.
Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
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