Global Live Streaming Market Size, Share & Trends Analysis Report By Component (Platforms, and Services), By Type (Video Streaming, and Audio Streaming), By End Use, By Revenue Model, By Regional Outlook and Forecast, 2024 - 2031

Global Live Streaming Market Size, Share & Trends Analysis Report By Component (Platforms, and Services), By Type (Video Streaming, and Audio Streaming), By End Use, By Revenue Model, By Regional Outlook and Forecast, 2024 - 2031

The Global Live Streaming Market size is expected to reach $439 billion by 2031, rising at a market growth of 23.2% CAGR during the forecast period.

Streaming exclusive live content has become a key strategy for entertainment companies to drive viewer engagement and loyalty. This category includes a diverse selection of live content, including celebrity live sessions, movie premieres, and discussion shows, as well as influencer-driven content and virtual concerts. Hence, the media & entertainment segment acquired 24% revenue share in the market in 2023. Platforms such as YouTube Live, Instagram Live, and TikTok have been instrumental in making live entertainment accessible to millions of users worldwide. This segment thrives as more entertainment brands, influencers, and content creators utilize live streaming to reach broader audiences and generate significant revenue through ads, sponsorships, and paid live events.

The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In May, 2024, Amazon.com, Inc. parent company of Twitch Interactive, Inc. came into partnership with Embracer Group AB, a Swedish video game and media holding company. Through this partnership, Amazon.com, Inc. would create more narratives for the well-received Tomb Raider series across streaming and cinematic platforms. Additionally, In September, 2024, Pluto Inc. and Borussia Dortmund have announced a global partnership featuring a dedicated 24-hour channel for BVB content. The collaboration includes sleeve branding for the men's and women's teams and aims to enhance fan engagement across various international markets.

Based on the Analysis presented in the KBV Cardinal matrix; Google LLC (Youtube, LLC) is the forerunner in the Live Streaming Market. In May, 2023, Google LLC came into partnership with Unity Technologies, a gaming company. Through this partnership, Google LLC would support studios in developing and growing live games. Companies such as Twitch Interactive, Inc. (Amazon.com, Inc.) and Brightcove, Inc. are some of the key innovators in Live Streaming Market.

Market Growth Factors

Video content offers a richer, more engaging medium that combines visual and auditory elements, making it more appealing to a broader audience. The dynamic nature of video allows creators to tell stories, share insights, or demonstrate products in far more immersive and memorable ways than other content formats. This shift has been driven, in part, by the human preference for visual learning and the fact that video can convey complex ideas quickly and effectively. The broad appeal of video content across different sectors highlights its versatility and effectiveness in communication. Hence, the rising popularity of this format is a major factor driving the demand for live streaming tools.

With more countries investing in infrastructure to improve broadband coverage, particularly in developing regions, the ability for people to access online content has increased dramatically. According to the International Telecommunication Union (ITU), approximately 67 percent of the world’s population, or 5.4 billion people, is now online. This is a 4.7 percent increase from 2022, from the 3.5 percent recorded from 2021 to 2022. In 2023, the estimated number of offline individuals decreased to 2.6 billion. This is especially significant in remote or previously underserved areas, where faster internet speeds allow real-time live event participation. Thus, these developments have expanded the market for live streaming, allowing it to reach new audiences in remote areas.

Market Restraining Factors

Live streaming services rely heavily on stable and high-speed internet connectivity, making it one of the primary determinants of the quality of user experiences. It demands significant bandwidth for live streaming to function optimally, especially in high-definition or ultra-HD formats. However, internet infrastructure remains underdeveloped or unreliable in many parts of the world, especially in rural or remote areas. This leads to issues like buffering, delays, or even interruptions during live streams. Hence, platforms are forced to cater predominantly to users in urbanized and well-connected areas, which restricts overall market penetration.

Component Outlook

Based on component, the market is bifurcated into platforms and services. The services segment procured 35% revenue share in the market in 2023. Services such as technical support, consulting, and customized content production allow creators and businesses to optimize their live streaming efforts. These services benefit organizations seeking to integrate live streaming into their marketing, education, or event strategies. Service providers help bridge the gap between amateur and professional-grade streaming, from managing backend logistics to ensuring smooth, high-definition streams.

Type Outlook

On the basis of type, the market is classified into audio streaming and video streaming. The audio streaming segment recorded 25% revenue share in the g market in 2023. Audio streaming, though not as visually engaging, appeals to a distinct audience, especially those consuming podcasts, radio shows, and music live streams. Platforms like Spotify, Apple Music, and Clubhouse have enabled users to stream live audio content across various genres, from talk shows to music performances.

Revenue Model Outlook

By revenue model, the market is divided into ad-supported, subscription-based, and pay-per-view. The ad-supported segment witnessed 46% revenue share in the market in 2023. This model relies on advertising as the primary source of income, allowing viewers to access content for free while advertisers cover the costs by placing ads within streams. Platforms like YouTube Live and Twitch heavily utilize this model, making live streaming accessible to a wide audience while providing companies an effective channel to reach target demographics.

End Use Outlook

Based on end use, the market is segmented into gaming, media & entertainment, education & professional, sports, news & events, and others. The education & professional segment recorded 18% revenue share in the market in 2023. Educational institutions and businesses have progressively implemented live streaming to present real-time lectures, training sessions, workshops, and webinars in response to the worldwide trend toward remote learning and virtual work environments.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 34% revenue share in the market in 2023. This growth is driven by the region’s advanced technological infrastructure, widespread high-speed Internet adoption, and the strong presence of major live streaming platforms like YouTube, Twitch, and Facebook Live.

Recent Strategies Deployed in the Market

• Sep-2024: Brightcove, Inc. introduced the Brightcove AI Suite, incorporating Generative AI solutions to improve content creation, engagement, and revenue generation. Notable features include AI-driven tools for video optimization, audience interaction, and cost efficiency, designed to revolutionize video strategies for customers across various industries.
• Jan-2024: Amazon.com, Inc., parent company of Twitch Interactive, Inc. took over Bally Sports, a media company in the United States. Through this acquisition, Amazon.com, Inc. would provide Spurs matches that will eventually be available for streaming on Prime.
• Jun-2024: Pluto Inc. has extended its partnership with Fremantle to launch 25 FAST channels across 13 countries, including Canada and Germany. This collaboration introduces popular channels like Three's Company and Baywatch, significantly enhancing Pluto TV's global content lineup.
• Mar-2024: Brightcove, Inc. launched Cloud Playout 2.0, enabling media companies to quickly create, distribute, and monetize linear channels within a single platform. The update enhances viewer engagement, ad monetization, and operational efficiency, while providing insights to optimize content strategies.

List of Key Companies Profiled

• Dacast Inc.
• Vimeo, Inc.
• IBM Corporation
• Meta Platforms, Inc.
• Pluto Inc. (Paramount Global)
• Google LLC (Youtube, LLC)
• Brightcove, Inc.
• Kaltura, Inc.
• Hulu, LLC (The Walt Disney Company)
• Twitch Interactive, Inc. (Amazon.com, Inc.)

Global Live Streaming Market Report Segmentation

By Component

• Platforms
• Services

By Type

• Video Streaming
• Audio Streaming

By End Use

• Gaming
• Media & Entertainment
• Education & Professional
• Sports
• News & Events
• Other End Uses

By Revenue Model

• Ad-Supported
• Subscription-Based
• Pay-Per-View

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA