Double-Digit Streaming Market Growth Anticipated Over Next Five Years
For most of us, streaming is just about a good time, a way to relax after a long day with the stories we hold dear. Streaming is also, of course, a business. According to a new report from the Business Research Company focusing on the next ten years, the marketplace is not going anywhere, and is likely going to become larger.
The report, “OTT Streaming Global Market Report 2021 - COVID-19 Growth And Change,” made it clear that streaming was already a growing proposition. In 2020, the streaming video market represented $121.11 billion. So far, the market is on track to realize $141.17 billion by the end of this year. That’s a compound annual growth rate (CAGR) of 16.6%. In comparison, the anticipated growth of the S&P 500 is only 7% by the end of 2021.
The growth won’t stop there, either. The report projects that, in 2025, the market will eventually reach $257.37 billion. That reflects an expected CAGR of 16% — suggesting the Business Research Company is anticipating growth to remain stable over the next five years.
What’s driving that incredible growth rate? The biggest answer, according to the report, is that consumers’ interests have been changing. With the emergence and growth of 4K televisions, and at least a moderate increase in the amount of content already available to stream in this format, more consumers have been eager to take advantage. With major content producers already in the marketplace, including Netflix, Disney+, HBO Max, Paramount+, along with many others, plenty of options are already in place, and many more are expected to come in the intervening years.
Disney+ is an ad-free video streaming service with over 13,000 series and films from Disney, Pixar, Marvel, Star Wars, National Geographic, The Muppets, and more. It is available in 61 countries and 21 languages.
The Disney streaming service costs $7.99 / month, or $79.99 / year ($6.67 / month). You can bundle it with Hulu and ESPN+ for just $13.99 a month (cheaper than Netflix).
The service includes 25+ new original series, 10+ original movies, 7,500 past episodes, 100 recent movies, and 400 library titles including the entire Disney Vault. You can stream original series like “The Mandalorian”, “Falcon and the Winter Soldier”, “Loki”, and “Monsters at Work.”
You can see the full list of available Disney, Disney Channel, Star Wars, Pixar, Marvel, Nat Geo shows and movies, or all available Disney Plus content by checking out our Disney+ Streaming Movie List.
The report certainly offers a sound basis for its projections, but there are plenty of potential hazards that could impact these optimistic projections. One of the biggest issues streaming video faces is infrastructure. High-speed internet is a vital component to streaming — you literally can’t stream without it — and there are a great many places that don’t have access to the kind of internet speeds required. That’s changing, of course, thanks to several internet services and what looks like an increasing national imperative to close the digital divide. However, such moves could take years and impact the projected growth rate.
With alternatives steadily running out, though — the last chain video store closed for good when Family Video shut down — streaming may ultimately prove the weapon of choice for virtually everyone in the market. Expecting growth in the streaming video market is no great stretch. The numbers may not ultimately hold up to future scrutiny, but it’s a safe bet that Business Research Company’s numbers will at least be in the right ballpark.
HBO Max is a subscription video streaming service that gives access to the full HBO library, along with exclusive Max Originals, and access to every Warner Bros. film on HBO Max on the same day that it hits theaters.
HBO Max has two tiers, an ad-supported plan for $9.99 and ad-free plan for $14.99. HBO Max without ads also includes features like the ability to download offline and 4K streaming.
They also will get Max Originals that aren’t available to HBO channel subscribers, like “The Flight Attendant” (Kaley Cuoco), “Love Life” (Anna Kendrick), as well as reboots to “Sex In The City” and “Gossip Girl.”