A Potential $223.98 Billion Video Streaming Market
Live streaming is quickly becoming the future of social media.
There’s so much growth ahead, Grand View Research says the video streaming market could reach $223.98 billion in the next seven years, with “the growing adoption of cloud-based video streaming solutions for increasing the reach of video content is directly influencing the growth.” In addition, according to Tech Crunch, “The livestreaming boom is driving a significant uptick in the creator economy, as a new forecast estimates consumers will spend $6.78 billion in social apps in 2021.
That figure will grow to $17.2 billion annually by 2025, according to data from mobile data firm App Annie, which notes the upward trend represents a five-year compound annual growth rate (CAGR) of 29%.” That could be substantial news for Hello Pal International (CSE:HP)(OTC:LHLLPF), Microsoft Corporation. (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Facebook Inc. (NASDAQ:FB), and Twitter Inc. (NYSE:TWTR).