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Rise in popularity of video game streaming devices and surge in demand for live streamed content drive the growth of the global streaming devices market.
However, limitation of bandwidth restrains the growth to some extent.
On the other hand, growing need for advanced technologies in video platforms to improve video quality would create new opportunities in the coming years.According to the report, the global streaming devices market size was valued at $8.00 billion in 2018 and is estimated to reach $18.97 billion by 2027, growing at CAGR of 13.2% from 2020 to 2027.COVID-19 scenario-COVID-19 has accelerated the growth of streaming services.
Also, the supply chain disruption have caused a major impact.However, the market has witnessed an increase in the demand for devices.
Furthermore, the government in various regions have issued relaxations on regulations, thereby allowing the companies to restart device manufacturing processes.The television (TV) segment to dominate the market throughout the forecast period-Based on application, the television (TV) segment contributed to the largest market share in 2019, holding for nearly half of the global streaming devices market, and is expected to continue to dominate in terms of revenue throughout the forecast period.
In addition, the segment is estimated to maintain the highest CAGR of 14.20% from 2020 to 2027.
In the online world of today, streaming services are most likely to be needed by one to stream their videos and entertain others and on the other hand, it acts as a passive source of income.
So in this period of lockdown, the demand of the best streaming services is very high.
In this content we will see some demanded streaming services in India based on the 2020 results.Read More:- 2020 The Best On Demand Streaming Services
As multimedia content is essential for modern branding lets take a look at how the live streaming apps are useful for brands.Host Q Session Companies can have a fixed time per week on a social live streaming platform to hold a live interactive session with their audience.
The users can post their question in advance or can ask questions on a comment in between live video.
Then the company could help him through the live video demonstration.
It only assures good reach and also helps in building their value.
When periscope was bought by Twitter, many came to know about this acquisition through video content rather than reading a blog.
And brands can ask best influencers to talk about them and can post those videos to increase their credibility.Live events If it is for live stream then how can live streaming the events, concerts, programs, and conference of your company couldn’t help!
