On May 5th, Meticulous Market Research released a new report on the live streaming sector. Based on this study, the global live streaming market is expected to be worth $4.26 billion by 2028, registering a compound annual growth rate (CAGR) of 22.4% during this forecast period.
“The growth of this market is backed by the surging popularity of esports and video games, the growing preference for live-streamed content, and increasing smartphone adoption and internet penetration,” the report reads. “However, connectivity and production issues are expected to restrain the growth of this market. The increasing focus on network bandwidth optimization and the growing scope of live streaming technology is expected to create growth opportunities for the vendors operating in this market. However, fake traffic on live streaming websites is a major challenge for the market’s growth. Additionally, the incorporation of advanced technologies is an ongoing trend in this market.”
This report divided the global market into five major regions geographically: North America, Europe, APAC, Latin America, and the Middle East & Africa. The APAC region made up the largest portion of the live streaming market in 2021. The Asia-Pacific region is also expected to register the highest CAGR of any region during this forecast period.
(All information was provided by PR Newswire)