SEOUL-- April 25, 2022 -- According to the Latest Analysis by Fact.MR, the Disruptive technology applications in artificial intelligence (AI), and big data analytics are triggering the adoption of video streaming among consumers. The global sales of video streaming will grow at an astounding 17% CAGR by the projection period 2029.

The market will further receive impetus in the near term with unprecedented viewership amid the coronavirus outbreak. Expanding cloud infrastructure facilitates seamless streaming of high-definition video content. Market players are prioritizing the capture of streaming share by creating original content. The competition in the video streaming market is driven by the quality and variety of video content.

The report also comprises the study of current issues with end users and opportunities for video streaming. It also contains a value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis of the key players involved in the market and strategic overviews.

Technical Expertise and Infrastructure Capability to Bolster the Growth of Video Streaming Industry

The convenience of uninterrupted cross-streaming between multiple devices is a major driver for video streaming platforms. Successful advertising generates considerable revenue for market players. A majority of consumers cite viewer profiles as a major benefit of video streaming services. Separate viewer profiles on platforms such as HooQ, and Netflix help users track their favorite shows and films.

They employ user viewing behavior and conduct consumer sentiment analysis to find relevant suggestions. On one hand, consumers get a unique viewing experience with convenience factors such as the last scene and taste-specific content suggestions. On the other hand, video streaming platforms continuously engage and delight consumers by efficiently providing suggestions for remunerative streaming.