Internet Free Video Streaming Services Market To Reach Positive CAGR By 2032, Report By DataHorizzon Research
The internet free video streaming services market is anticipated to witness healthy growth over the forecast period.
Fort Collins, Colorado, May 02, 2024 (GLOBE NEWSWIRE) —
The popularity of internet-based video streaming service is expected to drive the industry growth.
The popularity of internet-based video streaming services experienced significant growth in 2014, largely driven by the emergence of social media platforms such as YouTube, Facebook, and Instagram. Instagram’s IG TV feature garnered substantial attention for its ability to stream large volumes of video content per hour. In today’s landscape, the trend of short reels and user-generated videos has enabled users to carve out niche content for their followers and communities.
The ad-supported business model prevalent on these platforms empowers users to create premium content with high viewership, while advertisers can effectively place their ads without requiring users to pay a subscription fee. Additionally, the global reach of these platforms facilitates interaction with content worldwide, granting access to a diverse international audience. This global reach serves as a strategic advantage, enabling the development of long-term engagement strategies. During the CES 2024 event, e-commerce giant Amazon announced exciting collaborations for its over-the-top (OTT) users. Partnering with Panasonic, Amazon Fire TV will offer built-in access to Alexa, allowing users to stream live OTT content and enjoy uninterrupted entertainment experiences seamlessly.
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Segmentation Overview:
The internet free video streaming services market has been segmented into component, platform, and region.
Services are the most preferred component for internet free video streaming services.
- Based on component, the Internet free video streaming services market has been segmented into software, and services. Due to the technological penetration and preference for free platforms with genuine content, services will most likely attain a prominent market share in the forthcoming years.
Smartphones & tablets accounted for the great market share in 2023.
- The internet free video streaming services market is trifurcated as gaming consoles, smartphones & tablets, and smart TVs based on platform. Smartphones & tablets account for a significant share owing to the high technological penetration and the higher market share of mobiles.
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Internet Free Video Streaming Services Market Report Highlights:
- The internet free video streaming services market growth is projected high by 2032.
- Internet free video streaming services have gained much traction in recent years. These services refer to the online platforms that allow users to stream audio-video content without any subscription fee.
- North America is a significant market for internet free video streaming services. The high rate of digitalization of services, trending platforms, and the demand for content distribution are some major factors in the development of the regional market.
- Some prominent players in the internet free video streaming services market report include YouTube, Pluto TV, Tubi, Crackle, IMDb TV, Roku Channel, Plex, Vudu, XUMO, and Popcornflix.
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About DataHorizzon Research:
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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