pexels tima miroshnichenko 7567432 1 - Stream Hosting Market on the Brink of Success

Stream Hosting Market on the Brink of Success

The global stream hosting market is expected to expand at a 14.8% CAGR, with the market valuation reaching US$ 4 Billion in 2022. As per the report, the global stream hosting market size will reach US$ 16 Billion by 2032.

The incorporation of advanced technologies in the digital media industry is anticipated to drive sales in the market. Additionally, the growing need to increase the consumer base and optimize network bandwidth for live & on-demand streaming content will augment growth.

Online video continues to grow in popularity at the expense of traditional broadcast viewing. Viewers spend an average of six hours per week watching multiple types of internet videos, up 59 percent from 2016. Television viewing fell by 10% to roughly seven hours during the same time period the previous year.  Read more about the study…

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