GITNUX MARKETDATA REPORT 2024

The Most Surprising Streaming Industry Statistics And Trends in 2024

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The streaming industry is growing rapidly, with the global video streaming market valued at $50.11 billion in 2020 and expected to grow at a CAGR of 21% from 2021 to 2028. Netflix had around 208 million paid subscribers worldwide as of Q1 2021, while Disney+ reached 100 million subscribers within 16 months of its launch. The online music streaming market was valued at $14.09 billion in 2019 and Spotify reported 158 million premium subscribers as of Q1 2021. During the COVID-19 pandemic, over 70% of consumers watched more streaming videos and spent an average 17.7 hours per month on these platforms globally – 62% U.S adults subscribe to Netflix alone. In 2020, 83.4% US households had subscription-video-on-demand services like Netflix or Hulu; 47 %of total time spent on such services were for watching original content (32%) or live streamed videos (36%). Sports fans now watch sports coverage through streaming platforms too – 90%, according to NBC Sports Streaming data – while Twitch’s content is mainly related to video games (70%). As far as devices are concerned, 26 Million active Roku accounts were recorded in the United States during Q4 2020; Amazon Fire TV users accounted for 26%. Americans spend 146 minutes/week on average watching streamed video content which will increase further by 2025 when 72 percent population will be using OTT Video Services .

The Most Important Statistics
In 2020, the global video streaming market was valued at $50.11 billion. This statistic is a testament to the immense growth of the streaming industry. It shows that the market has grown exponentially in the past year, and is now worth a staggering $50.11 billion. This is a clear indication that streaming services are becoming increasingly popular and are here to stay. This statistic is an important piece of information for anyone interested in the streaming industry, as it provides a snapshot of the current state of the market. The video streaming market is expected to grow at a CAGR of 21% from 2021 to 2028. This statistic is a testament to the immense potential of the video streaming market. It highlights the fact that the streaming industry is on the rise and is expected to continue its growth trajectory in the coming years. This is an important piece of information for anyone interested in the streaming industry, as it provides insight into the future of the industry and the opportunities it presents.

Streaming Industry Statistics Overview

Netflix had around 208 million paid subscribers worldwide as of Q1 2021.

This statistic is a testament to the success of Netflix in the streaming industry. It shows that the company has been able to capture a large portion of the streaming market and has become a major player in the industry. This statistic is a great indicator of the growth of the streaming industry and the potential for further growth in the future.

As of Q1 2021, the United States and Canada have the highest Netflix subscriber count at 74 million.

This statistic is a testament to the immense popularity of Netflix in the United States and Canada. It speaks to the streaming giant’s success in capturing the attention of millions of viewers in these two countries, and serves as a reminder of the streaming industry’s immense potential.

Disney+ reached 100 million subscribers within 16 months of its launch.

The remarkable statistic that Disney+ reached 100 million subscribers within 16 months of its launch is a testament to the power of the streaming industry. It demonstrates the immense potential of streaming services to capture a large audience in a short amount of time, and serves as a reminder of the ever-growing influence of streaming services in the entertainment industry.

The global online music streaming market was valued at $14.09 billion in 2019.

This statistic is a testament to the immense growth of the online music streaming market, highlighting its immense potential. It is a key indicator of the industry’s success and provides a valuable insight into the current state of the streaming industry. This statistic is essential for anyone looking to gain a better understanding of the streaming industry and its future prospects.

Spotify reached 158 million premium subscribers as of Q1 2021.

This statistic is a testament to the success of Spotify in the streaming industry. It shows that the company has been able to attract and retain a large number of premium subscribers, which is a clear indication of its popularity and success. This is an important statistic to consider when discussing the streaming industry, as it demonstrates the power of Spotify and its ability to remain competitive in the market.

During the COVID-19 pandemic, over 70% of consumers watched more streaming videos.

This statistic is a powerful indicator of the impact the COVID-19 pandemic has had on the streaming industry. It shows that the industry has seen a dramatic increase in viewership, likely due to people staying home and looking for ways to entertain themselves. This is an important statistic to consider when discussing the streaming industry, as it demonstrates the potential for growth in the industry.

The global average monthly time spent on streaming platforms is 17.7 hours.

This statistic is a telling indication of the immense popularity of streaming platforms. It shows that people are increasingly turning to streaming services to access their favorite content, and that the streaming industry is growing rapidly. This statistic is a valuable insight into the current state of the streaming industry, and is essential for understanding the impact it has on the entertainment industry.

62% of U.S. adults say they subscribe to Netflix.

This statistic is a telling indication of the success of Netflix in the streaming industry. It shows that the majority of U.S. adults have chosen to subscribe to Netflix, making it the most popular streaming service in the country. This statistic is important to consider when discussing the streaming industry as it demonstrates the power of Netflix and its influence on the industry.

In 2020, 83.4% of U.S. households had a subscription-video-on-demand service like Netflix, Hulu, or Amazon Prime Video.

This statistic is a testament to the immense popularity of subscription-video-on-demand services like Netflix, Hulu, and Amazon Prime Video. It shows that the streaming industry is thriving and that these services have become an integral part of the lives of many Americans. This statistic is an important indicator of the success of the streaming industry and provides valuable insight into the current state of the market.

As of January 2021, 47% of streaming time is spent on subscription video-on-demand services.

This statistic is a telling indication of the current state of the streaming industry. It shows that subscription video-on-demand services are dominating the streaming market, with nearly half of all streaming time being spent on them. This highlights the importance of subscription services in the streaming industry and the need for companies to focus on providing quality content to their subscribers.

36% of global online video viewers watch streamed live video at least once per month.

This statistic is a testament to the growing popularity of streaming live video. It shows that a significant portion of global online video viewers are engaging with this type of content, indicating that streaming live video is becoming an increasingly important part of the online video landscape. This is an important statistic for anyone interested in the streaming industry, as it provides insight into the current trends and potential opportunities for growth.

Approximately 90% of major sports fans now watch sports coverage through streaming platforms.

This statistic is a testament to the power of streaming platforms in the sports industry. It shows that streaming services have become the go-to source for sports fans to get their fix of the latest games and highlights. This statistic is a clear indication that streaming platforms are here to stay and will continue to be a major player in the sports industry.

In Q4 2020, there were 26.4 million active Roku accounts in the United States.

This statistic is a testament to the immense popularity of Roku in the United States. It shows that the streaming industry is booming and that Roku is a major player in the market. This statistic is a great indicator of the success of the streaming industry and the potential for further growth.

As of January 2021, 26% of connected TV users in the U.S. use Amazon Fire TV devices.

This statistic is a telling indication of the power of Amazon Fire TV devices in the streaming industry. It shows that a significant portion of connected TV users in the U.S. are opting for Amazon Fire TV devices, which speaks to the popularity of the product and its ability to meet the needs of consumers. This statistic is an important piece of information for anyone looking to gain insight into the streaming industry and the current trends in the market.

In Q4 2020, the average American spent 146.3 billion minutes per week streaming video content.

This statistic is a testament to the immense popularity of streaming video content, highlighting the fact that streaming services have become an integral part of the average American’s life. It shows that streaming services are no longer a passing trend, but rather a mainstay in the entertainment industry. This statistic is a powerful indicator of the streaming industry’s success and its potential for continued growth.

By 2025, it is predicted that 72.6% of the U.S. population will be using OTT (over-the-top) video services.

This statistic is a clear indication of the growing popularity of OTT video services, and its relevance to the streaming industry cannot be overstated. It shows that the streaming industry is on the rise, and that more and more people are turning to OTT services for their entertainment needs. This is a trend that is likely to continue, and it is important for streaming industry professionals to be aware of this statistic and its implications.

Conclusion

The streaming industry is growing rapidly, with the global video streaming market valued at $50.11 billion in 2020 and expected to grow at a CAGR of 21% from 2021 to 2028. Netflix had around 208 million paid subscribers worldwide as of Q1 2021, while Disney+ reached 100 million subscribers within 16 months of its launch. The online music streaming market was valued at $14.09 billion in 2019 and Spotify had 158 million premium subscribers as of Q1 2021. During the COVID-19 pandemic, over 70% of consumers watched more streaming videos and the average monthly time spent on these platforms globally is 17.7 hours per month according to statistics from January 2021. In addition, 62% U.S adults subscribe to Netflix while 83 percent have subscription-video-on-demand services like Netflix or Hulu; 47 percent spend their time watching SVODs; 32 percent watch original content; 36 percent stream live video once a month; 90 percent major sports fans now watch sports coverage through streaming platforms; 70percent Twitch’s content are related to gaming ; 26million active Roku accounts were recorded in US during Q4 2020 ;26 % connected TV users use Amazon Fire TV devices , 146billion minutes per week Americans streamed video content . It is predicted that by 2025 72 .6 % population will be using OTT (over -the -top) Video Services These figures demonstrate how popular digital media has become for entertainment purposes across all age groups due largely due to technological advancements such as high speed internet access which allows people easy access anytime anywhere making it convenient for them consume this type media without having leave home or wait long periods times get what they want when they want it .

References

0. – https://www.reuters.com

1. – https://www.cnbc.com

2. – https://www.oberlo.com

3. – https://www.nbcsports.com

4. – https://www.pewresearch.org

5. – https://www.lightspeedhq.com

6. – https://www.limelight.com

7. – https://www.emarketer.com

8. – https://www.nielsen.com

9. – https://www.statista.com

10. – https://www.grandviewresearch.com

FAQs

What is the global market size of the streaming industry?

As of 2021, the global market size of the streaming industry is estimated to be around $50.11 billion.

What are the top three streaming platforms in terms of subscribers?

The top three streaming platforms in terms of subscribers are Netflix, Amazon Prime Video, and Disney+.

Which streaming platform experienced the highest percentage growth in subscribers during 2020-2021?

Disney+ experienced the highest percentage growth in subscribers during 2020-2021, with 116 million subscribers as of August 2021, compared to its 60 million subscribers in August 2020.

What is the projected growth rate of the streaming industry over the next five years (2021-2026)?

The projected growth rate of the streaming industry over the next five years is expected to be around 21% per annum, reaching approximately $184.27 billion by 2026.

What percentage of households in the United States have streaming subscriptions?

As of 2021, approximately 74% of households in the United States have streaming subscriptions.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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