SAN FRANCISCO, Jan. 28, 2021 /PRNewswire/ -- The global
live streaming pay-per-view market size is expected to
reach USD 2.3 billion by 2027,
according to a new report by Grand View Research, Inc. The market
is expected to expand at a CAGR of 15.0% from 2020
to 2027. The rising demand for online Transactional
Video-on-Demand (TVoD) propels the growth of the market. The TVoD
services have notably augmented its viewers owing to the increasing
number of webcasting of various sports events globally. For
instance, Meerkat and Periscope are live streaming applications
that host live professional boxing matches on a pay-per-view basis.
The streaming app generates a significant amount of revenue from
boxing events and from webcasting of events every year.
Key suggestions from the report:
- The rising number of live educational interactive sessions
by experts augments sales revenue of the institute segment and
positively impacts the market
- Rising adoption of live streaming pay-per-view in the
education and entertainment sector is driving the market
- Digital media consumption is increasing drastically across
the globe. The growing demand for devices capable of supporting
digital media and faster internet is helping consumers access media
content anywhere across the world
- In Asia Pacific, the market
is expected to register the highest growth rate over the forecast
period. The growth can be attributed to the region's increased
disposable income and high-speed internet connection enabling the
region's population to stream uninterrupted live sessions
Read 100 page research report with ToC on "Live Streaming
Pay-Per-View Market Size, Share & Trends Analysis Report By
Vertical (Sports, Media & Entertainment, Education), By Region
(North America, Europe, APAC, South
America, MEA), And Segment Forecasts, 2020 - 2027" at:
https://www.grandviewresearch.com/industry-analysis/live-streaming-pay-per-view-market
In addition, the WWE app is another virtual streaming sports
platform that broadcasts live wrestling matches on a pay-per-view
basis. Further, in the last few years, the webcasting of eSports
has gained maximum traction due to high-speed internet connectivity
with technically advanced gaming consoles and computers. As the
entertainment industry is growing, the number of concerts occurring
each year is also increasing. The digital platforms have made
people more aware of various artists and have generated a strong
fan base. Thus, every concert hosted by these artists has a strong
fan base willing to attend. Thus, to deliver these concerts,
companies have shifted to a live streaming pay per click model.
This has helped a large number of digital media companies to
generate massive revenues by webcasting.
Many digital media companies are increasingly focusing on
launching the pay-per-view model to stream their events live. For
instance, in May 2020, LiveXLive, a
digital media company, announced the launch of pay-per-view live
stream events and performances. This will enable a new
revenue-sharing model for the digital media company as well as the
artists. Such revenue models provide great benefits to companies
and artists in terms of reach and fund generation. Such factors are
therefore contributing to market growth. Moreover, various industry
verticals focus on adopting these streaming technologies to
increase the reach of their content. In the educational sector,
videos are being increasingly uploaded to create a more interactive
method of learning. The corporate industry is using these
technologies to deliver training. The media and entertainment
industry are streaming various concerts for people to watch live or
on-demand.
On the regional aspect, North
America is dominating the overall market. This is due to the
presence of key players in the region. Asia Pacific is expected to register the
highest CAGR in the forecast period. This is due to rising
investment by companies in China
and India to create more
content.
Grand View Research has segmented the global live streaming
pay-per-view market on the basis of vertical and region:
- Live Streaming Pay-Per-View Vertical Outlook (Revenue, USD
Million, 2016 - 2027)
-
- Sports
- Media and Entertainment
- Education
-
- Others
- Live Streaming Pay-Per-View Regional Outlook (Revenue, USD
Million, 2016 - 2027)
-
- North America
-
- Europe
-
- U.K.
- Germany
- France
- Spain
- Sweden
- Finland
- Norway
- Asia Pacific
-
- China
- Japan
- India
- Australia
- South America
-
- Middle East & Africa
List of Key Players of Live Streaming Pay-Per-View
Market
- Amazon Web Services, Inc.
- Cleeng
- Dacast
- HULU, LLC
- InPlayer Ltd.
- StreamingVideoProvider
- Muvi LLC
- Sky Group
- StreamGate Pty Ltd
- Phando
- PrestoSports (Stretch Internet)
- Vimeo, Inc. (Livestream)
- Wowza Media Systems, LLC
Find more research reports on Digital Media Industry,
by Grand View Research:
- Online Video Platforms Market – The global online video
platforms market size was valued at USD 5.43
billion in 2019. It is expected to expand at a compound
annual growth rate (CAGR) of 17.3% from 2020 to 2027.
- Esports Market – The global esports market size was
valued at USD 1.1 billion in 2019 and
is expected to expand at a compound annual growth rate (CAGR) of
24.4% from 2020 to 2027.
- Video Streaming Market – The global video streaming
market size was valued at USD 42.60
billion in 2019 and is projected to grow at a compound
annual growth rate (CAGR) of 20.4% from 2020 to 2027.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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