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Revenue in the streaming video (SVoD) segment is projected to reach US$80.83 billion in 2022.
On the other hand, revenue is expected to show an annual growth rate of 11 percent resulting in a projected market volume of $139 billion by 2027.
In global comparison, the majority of revenue will be generated in the United States.
Paid video streaming services or streamimg they have become the new normal for most users and have become so indispensable that users look for any way to enjoy them even if the space is not the most suitable.
In this sense, a user took on the task of creating a trick to watch a movie streamimg from the mobile on the plane.
This girl, who apparently lives in the year 2175, has made a shelf for her mobile with the potar bag hooked to the tray and passed inside the phone case and I swear I’M SPEECHLESS pic.twitter.com/OM6eHyZydt
— Marta P. Merino (@ByMerino) August 3, 2022
Which shows us that the platforms of streaming They have become the best allies in recent years for these occasions, since most allow users to download content to be able to consume it without the need to have an Internet connection.
But, how has the streamimg been positioned?
the services of streaming They registered a new maximum of 487 million global subscribers only during the first quarter of 2021, a number that is constantly growing as competition towards Netflix has been increasing. As if that were not enough, according to the statistics of BroadbandCommunities, income from services is expected to over the top (OTT) or from streaming more than double what was generated in 2021 by 2025, reaching at least the figure of 252 billion dollars.
But the success of Netflix, Disney+, Amazon Prime Video and the other digital platforms have not been established overnight. In the same way that the Blockbuster chain went bankrupt by underestimating the potential of streamingthe television could fall.
According to the reviewed study of Future Market Research (IMF), the size of the video streaming market grow from US$61 billion in 2020 to US$750 billion by 2031, at a compound annual growth rate (CAGR) of 25 percent during the forecast period. The streaming video market accounted for around 40 percent of the digital transmission market worldwide.
The global video streaming market is expected to show remarkable growth in the coming years due to factors such as the increasing adoption of the platforms Over The Top (OTT)the Internet Protocol Television (IPTV)) and video-on-demand services by customers over traditional methods. .
The high adoption of digital media across all industries has led the population to lean towards different streaming services and increase the average revenue per user (ARPU). Therefore, the number of leading video streaming services or video streaming software providers has increased over the years due to increased customer adoption of OTT content, streaming media and streaming apps. .
In that sense, global digitization leads to a greater reliance on smart devices, especially mobile phones. The improved spectrum of connectivity tends to a greater adoption of mobile phones at the individual level, resulting in a consequent growth of the market for accessories for mobile phones, especially for comfortable viewing streaming.
However, we can see that given the growth of the streamimg, the imaginative engineering of users shows that companies and organizations should be more aware of creativity as an effort to develop new products, improve organizational functioning and to strengthen decision-making ; we might ask ourselves if it is time for airlines to redesign their seats and bet on a modification that allows users to enjoy their favorite movies and join the market of mobile phone accessories