Global Live Streaming Market Is Projected To Reach $247 Billion By 2027
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., May 13, 2021 /PRNewswire/ -- The coronavirus lockdown caused huge revenue losses across countless industries and closed down a multitude of manufacturing facilities across the globe, putting a brake on production… but live video streaming activities have actually spiked. The COVID-19 outbreak has positively impacted the live streaming industry. The full/partial lockdown imposed worldwide to control the spread of coronavirus increased live streaming activities by almost 50% compared to the pre-COVID period. In April 2020 alone, several live streaming platforms witnessed a significant increase in viewership. Analyzing the trend during the COVID-19 crisis, when people are still maintaining social distancing and avoiding public gatherings, it is seen that live streaming has increasingly become the preferred option for concerts and other big events. This scenario is estimated to increase the growth rate of the market during the forecast period (2020 - 2027). A report from Market Research Future said that Global Live Streaming Market is projected to reach USD $247,275 Million by 2027, growing continually at 28.1% CAGR throughout the forecast period. Active tech companies in the markets this week include