Is live streaming the future?

08 Apr.,2024

 

"Live Streaming Market" is expected to witness significant growth in the coming years, primarily driven by the growing demand for (Laptops & Desktops, Smartphones & Tablets, Smart TV, Gaming Consoles), Based on the type, the market can be segmented into (E-commerce Live streams, Video Game Live streams, Reality Live streams, Sports Live streams, Live Concert). The report presents the research and analysis provided within the Live Streaming Market Research is meant to benefit stakeholders, vendors, and other participants in the industry. The Live Streaming market is expected to grow annually by magnificent (CAGR 2023 - 2030).

Browse Detailed TOC of Live Streaming Market report which is spread across 108+ Pages, Tables and Figures with Charts that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Who is the largest manufacturers of Live Streaming Market worldwide?


  • Azubu
  • Filmstarts
  • Tencent
  • PlayStation Vue
  • Twitch
  • Deal Room
  • Periscope
  • Pluto TV
  • StreamShark
  • RealSprint AB
  • YouTube TV
  • Facebook Live
  • Philo TV
  • Skewer Lab
  • Rackfish


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Short Description About Live Streaming Market:

The Global Live Streaming market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Live Streaming. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.

Live Streaming Market size is projected to reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during 2022-2029.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Live Streaming in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The report focuses on the Live Streaming market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.

Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Live Streaming market.

What are the factors driving the growth of the Live Streaming Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Live Streaming


  • Laptops & Desktops
  • Smartphones & Tablets
  • Smart TV
  • Gaming Consoles


What are the types of Live Streaming available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Live Streaming market share In 2023.


  • E-commerce Live streams
  • Video Game Live streams
  • Reality Live streams
  • Sports Live streams
  • Live Concert


Which regions are leading the Live Streaming Market?

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This Live Streaming Market Research/Analysis Report Contains Answers to your following Questions

  • What are the global trends in the Live Streaming market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Live Streaming? What are the upcoming industry applications and trends for Live Streaming market?
  • What Are Projections of Global Live Streaming Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Live Streaming? What are the raw materials used for Live Streaming manufacturing?
  • How big is the opportunity for the Live Streaming market? How will the increasing adoption of Live Streaming for mining impact the growth rate of the overall market?
  • How much is the global Live Streaming market worth? What was the value of the market In 2020?
  • Who are the major players operating in the Live Streaming market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Live Streaming Industry?

Live Streaming Market - Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Live Streaming market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Live Streaming industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Live Streaming Industry.

Detailed TOC of Global Live Streaming Market Research Report, 2023-2030

1 Market Overview 1.1 Product Overview and Scope of Live Streaming 1.2 Classification of Live Streaming by Type 1.2.1 Overview: Global Live Streaming Market Size by Type: 2017 Versus 2021 Versus 2030 1.2.2 Global Live Streaming Revenue Market Share by Type in 2021 1.3 Global Live Streaming Market by Application 1.3.1 Overview: Global Live Streaming Market Size by Application: 2017 Versus 2021 Versus 2030 1.4 Global Live Streaming Market Size and Forecast 1.5 Global Live Streaming Market Size and Forecast by Region 1.6 Market Drivers, Restraints and Trends 1.6.1 Live Streaming Market Drivers 1.6.2 Live Streaming Market Restraints 1.6.3 Live Streaming Trends Analysis

2 Company Profiles 2.1 Company 2.1.1 Company Details 2.1.2 Company Major Business 2.1.3 Company Live Streaming Product and Solutions 2.1.4 Company Live Streaming Revenue, Gross Margin and Market Share (2019, 2020, 2021 and 2023) 2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players 3.1 Global Live Streaming Revenue and Share by Players (2019,2020,2021, and 2023) 3.2 Market Concentration Rate 3.2.1 Top3 Live Streaming Players Market Share in 2021 3.2.2 Top 10 Live Streaming Players Market Share in 2021 3.2.3 Market Competition Trend 3.3 Live Streaming Players Head Office, Products and Services Provided 3.4 Live Streaming Mergers and Acquisitions 3.5 Live Streaming New Entrants and Expansion Plans

4 Market Size Segment by Type 4.1 Global Live Streaming Revenue and Market Share by Type (2017-2023) 4.2 Global Live Streaming Market Forecast by Type (2023-2030)

5 Market Size Segment by Application 5.1 Global Live Streaming Revenue Market Share by Application (2017-2023) 5.2 Global Live Streaming Market Forecast by Application (2023-2030)

6 Regions by Country, by Type, and by Application 6.1 Live Streaming Revenue by Type (2017-2030) 6.2 Live Streaming Revenue by Application (2017-2030) 6.3 Live Streaming Market Size by Country 6.3.1 Live Streaming Revenue by Country (2017-2030) 6.3.2 United States Live Streaming Market Size and Forecast (2017-2030) 6.3.3 Canada Live Streaming Market Size and Forecast (2017-2030) 6.3.4 Mexico Live Streaming Market Size and Forecast (2017-2030)

7 Research Findings and Conclusion

8 Appendix 8.1 Methodology 8.2 Research Process and Data Source 8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued….

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Marketing

It’s been a challenging year for retailers, and one in which the acceleration of digital initiatives has never been quicker. One of the strongest things that has come out of 2020 is the adaptability of the retail sector and their ability to pivot and deliver online solutions to bridge the physical gap with their customers.

Retailers and brands have adapted their business models to leverage Direct-to-Consumer (D2C) and focused on ecommerce as a way to drive revenue, maintain a competitive advantage, and reach and engage customers in the absence of traditional retail channels. While this was partly borne out of necessity due to the pandemic, there is now a more permanent shift to how consumers will purchase in the future.

The convergence of livestreaming and ecommerce has been largely driven out of China and is also gaining strong traction in the US with research projecting livestreaming in both markets to be worth billions. With livestreaming, geographical location is no longer a barrier to access, helping to bridge the gap between social, entertainment and commerce through a sensory, real-time experience between the shopper and the seller.

What is interesting, however, is that brands are emerging as the stalwarts of livestreaming. And while they may be ‘testing the waters’ so to speak, global brands like KitKat are experimenting with livestreaming as an avenue to drive mindshare, build loyalty and deliver experiences for customers that will ultimately drive sales. Established global brands, such as Nike and Adidas, have recognised the merit of D2C and are now focused on generating at least 50 percent of their revenue directly engaging their customers.

This sharp shift towards embracing all things digital has created a new omnichannel experience for consumers – one that is personalised, seamless and experiential across both online and offline touchpoints. From a customer’s point of view, this means increased convenience that allows them to shop whenever, wherever, on any device, creating an incredibly seamless experience from the first click to the last.

For retailers, this means increased exposure and reach, which allows them to:

  • Target new audiences and create unique interactions
  • Increase engagement, drive conversion and cultivate loyalty
  • Provide brands with key insights into their customers through the use of data and analytics

With video, retailers are able to establish a richer connection directly with their target audience.

Retailers must continue to understand the behaviours of consumers both in-store and beyond to attract new prospects while retaining loyal customers. In order to do this, brands must be agile to adapt and innovate, leveraging relevant technologies and solutions, such as video, to support them in this endeavour.

Over the past year, there has been significant growth in the use of video at all levels of the customer journey to create an immersive customer experience.

Pre-Purchase

  • At this stage, video is predominantly used for search and discovery via social media, websites or email newsletters, giving customers the ability to visually research and uncover features and benefits in a more contextual way.
  • Livestreaming is also gaining popularity as a way to ‘virtually’ launch a product or create a showcase event to engage prospective and current audiences.

Online Purchase

  • Video can be used to showcase related products or solutions or recommendations to drive increased cart size.
  • For example, a fashion brand may show a video of a model wearing an outfit so customers can get a visualisation of the ‘look’ and fit, helping them imagine themselves wearing that outfit, followed by a ‘get the look’ video in-cart to drive additional sales.
  • Brands can also use interactive shoppable videos that come with a CTA or click to cart conversion to deliver a more seamless experience.
  • ‘Shoppable TV’ is also expected to emerge as another potential channel, as the lines become more blurred between entertainment experiences and ways to reach consumers.

In-Store Purchase

  • In a physical storefront, retailers will want their video content to be interactive. This could mean having QR codes or apps that demonstrate key product features and benefits, customer testimonials or reviews, or how-to-use demos.
  • Through this form of visual storytelling, buyers have the opportunity to ‘test out’ the products in different settings. For example, a furniture store can use video to help customers visualise what a chair would look like in a virtual lounge room, giving them a visual context to help them make an informed decision.
  • Separately, video is also a great way to build staff knowledge, leveraging video to train and upskill staff on products or services.

Post-Purchase

  • At this stage, it is about supporting your customer with relevant information on the product or service that they have purchased.
  • In this instance, unboxing tutorials and how-to videos that educate your customers on how to get started are ideal.
  • Brands are increasingly using video for advocacy – using user-generated video content for testimonials, or to showcase a product or solution in action.

As we see more retailers looking to differentiate and use new and unique ways to engage and interact with consumers via the channel of their preference, video analytics is one of the most useful tools for measurement.

This goes beyond the traditional impressions and clicks and dives into actual audience behaviour. Robust video analytics provides retailers:

  • A comprehensive method to measure ROVI (return on video investment)
  • Viewer engagement data, including who is viewing content, how it is being viewed (devices, browsers, operating systems), how long it is being viewed, and where viewers are coming from
  • The right information to develop audience insights, target specific audiences with curated content that is personalised for them, and help form future video strategies and business decisions

Using an end-to-end online video platform like Brightcove also allows retailers to easily integrate with e-commerce platforms such as Adobe Magento Commerce and Salesforce Commerce Cloud B2C.

The digital habits consumers developed during the pandemic lockdown will continue to persist. If you’re a retail business, we’d love the chance to help you adopt and unlock the power of video across your online and offline channels to create a robust omnichannel experience for your customers. Get in touch with us here.

This content was originally featured in “Livestream and E-Commerce: A Total Breakdown with Greg Armshaw from Brightcove,” by Power Retail.

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