Key Takeaways
- The global video streaming market was valued at USD 129.74 billion in 2023 and is projected to grow to USD 372.87 billion by 2030 at a CAGR of 16.3%.
- Video streaming services accounted for 41.3% of all internet traffic in 2023, up from 35.2% in 2022.
- The U.S. streaming video market generated $47.8 billion in revenue in 2023, representing 38% of global totals.
- 18-34 year olds represent 40% of global streaming users, with 85% daily usage.
- Women make up 52% of Netflix subscribers worldwide as of 2023.
- In the U.S., 62% of Gen Z (born 1997-2012) prefer streaming over traditional TV.
- Netflix has 260.28 million paid memberships worldwide as of Q1 2024.
- Disney+ reached 150.2 million core subscribers globally in Q1 2024.
- Amazon Prime Video has 200 million Prime members, 75% use video streaming.
- Netflix original content hours released totaled 1,200 in 2023.
- 70% of Netflix viewing is now non-scripted content like reality TV.
- Global anime streaming demand grew 50% YoY to 1.2 billion hours in 2023.
- Netflix generated $33.7 billion in revenue for 2023, up 6.7% YoY.
- Disney streaming segment revenue hit $23.1 billion in FY2023.
- U.S. SVOD consumer spending reached $20.5 billion in 2023.
The global streaming market is huge and still rapidly expanding worldwide.
Content Trends
- Netflix original content hours released totaled 1,200 in 2023.
- 70% of Netflix viewing is now non-scripted content like reality TV.
- Global anime streaming demand grew 50% YoY to 1.2 billion hours in 2023.
- Sports streaming accounted for 15% of total U.S. streaming hours in 2023.
- Indian original OTT content production rose 40% to 150 series in 2023.
- K-dramas streamed 850 million hours globally on Netflix in 2023.
- Live events on YouTube generated 300 billion views in 2023.
- FAST channels streamed 2 trillion hours cumulatively by end 2023.
- U.S. viewers watched 12.5 billion hours of kids content on streaming in 2023.
- Documentary streaming hours up 25% to 500 million monthly globally.
- Latin American originals on Netflix totaled 50 titles in 2023.
- Gaming streams on Twitch hit 22 billion hours watched in 2023.
- Horror genre streaming demand spiked 35% during Halloween 2023.
- African content on Netflix grew to 15% of regional viewing.
- Rom-coms represented 8% of top 10 streaming charts weekly average.
- User-generated short-form video hours consumed: 5 trillion on TikTok/Reels.
- Premium VOD movie rentals totaled 1.5 billion transactions globally.
- True crime podcasts/video series saw 300 million hours streamed.
- Bollywood content streaming outside India up 60% YoY.
- Educational video streaming grew 28% to 400 million users monthly.
- Superhero content accounted for 12% of Marvel/DC streaming views.
- Reality TV reunion specials streamed 200 million hours on Peacock.
- French series exports to U.S. streaming doubled to 20 titles in 2023.
- Fitness video streaming hours reached 150 million monthly globally.
- News clips on YouTube totaled 50 billion views in 2023.
- Netflix ad-tier users watched 15 billion hours in first year.
Content Trends Interpretation
Financials and Revenue
- Netflix generated $33.7 billion in revenue for 2023, up 6.7% YoY.
- Disney streaming segment revenue hit $23.1 billion in FY2023.
- U.S. SVOD consumer spending reached $20.5 billion in 2023.
- Global SVOD revenue grew to $50.1 billion in 2023, 8% increase.
- Amazon Prime Video contributed $5.3 billion to AWS-adjacent revenue.
- Warner Bros. Discovery streaming revenue $10.2 billion in 2023.
- Paramount Global streaming revenue up 32% to $9.1 billion.
- CTV advertising revenue worldwide $27.5 billion in 2023.
- Netflix ad-supported plan revenue share reached 30% of new signups.
- Hulu ad revenue $4.2 billion, SVOD $3.8 billion in 2023.
- YouTube ad revenue $31.5 billion globally in 2023.
- Roku platform revenue $3.6 billion, up 13% YoY.
- Tubi ad revenue exceeded $700 million in 2023.
- Spotify premium revenue from video $500 million in 2023.
- Peacock ad and SVOD revenue $2.8 billion total in 2023.
- Apple Services (incl. TV+) revenue $85 billion in FY2023.
- Average ARPU for U.S. SVOD services $12.45/month in 2023.
- Global FAST ad revenue $7.5 billion in 2023, 50% growth.
- Netflix content spend $17 billion in 2023.
- Disney+ content amortization $12.4 billion in FY2023.
- Churn rate for U.S. SVOD averaged 7.4% quarterly in 2023.
- Transactional VOD revenue $5.2 billion globally in 2023.
- Live sports streaming ad revenue $4.1 billion in U.S. 2023.
- Bundle deals saved U.S. consumers $1.2 billion in 2023.
- India OTT ad revenue reached INR 2,500 crore in 2023.
- European SVOD ARPU averaged €9.80/month in 2023.
- Gaming streaming sponsorship revenue $1.8 billion globally.
- Piracy losses for streaming industry $29.2 billion annually.
- U.K. streaming subscription spend £1,200 million in 2023.
- Brazil SVOD revenue $1.1 billion, ad-supported $450 million.
Financials and Revenue Interpretation
Market Size and Growth
- The global video streaming market was valued at USD 129.74 billion in 2023 and is projected to grow to USD 372.87 billion by 2030 at a CAGR of 16.3%.
- Video streaming services accounted for 41.3% of all internet traffic in 2023, up from 35.2% in 2022.
- The U.S. streaming video market generated $47.8 billion in revenue in 2023, representing 38% of global totals.
- OTT video market in Asia-Pacific is expected to grow at a CAGR of 18.5% from 2024 to 2030, driven by mobile penetration.
- Live streaming market size reached $70.25 billion in 2023 and is forecasted to hit $247.91 billion by 2032 at 15.1% CAGR.
- Global SVOD subscriptions grew by 10.2% year-over-year to 1.35 billion in Q4 2023.
- The video-on-demand market expanded at 7.8% CAGR from 2018-2023, reaching $105 billion globally.
- U.S. pay TV households declined to 65.2 million in 2023, with streaming households surpassing at 70.1 million.
- Global streaming media market projected to reach $328.81 billion by 2028 at 18.2% CAGR from 2021.
- AVOD market share increased to 22% of total video ad spend in 2023, up from 18% in 2021.
- Latin America streaming market grew 22% YoY in 2023 to $6.5 billion.
- Europe's SVOD revenue hit €12.5 billion in 2023, with 20% growth in Western Europe.
- India OTT market revenue reached $1.2 billion in FY2023, expected to grow at 24% CAGR to 2028.
- Global FAST (Free Ad-Supported Streaming TV) channels numbered over 1,000 in 2023.
- Streaming video services captured 82.5% of U.S. TV consumption time in November 2023.
- Worldwide online video market revenue forecasted to grow from $215 billion in 2023 to $303 billion by 2027 at 9% CAGR.
- China's video streaming market valued at ¥450 billion in 2023, with 5.8 billion monthly active users.
- MENA region's streaming subscriptions rose 28% to 45 million in 2023.
- Global esports streaming viewers hit 532 million in 2023, up 11% YoY.
- U.K. streaming market revenue grew 12% to £6.2 billion in 2023.
- Australia's SVOD penetration reached 68% of households in 2023.
- South Korea's OTT market size was KRW 5.5 trillion in 2023, growing 15% YoY.
- Brazil streaming market expanded 25% to $2.8 billion in 2023.
- Global video streaming software market to reach $42.5 billion by 2030 at 14.8% CAGR.
- Japan VOD market revenue hit ¥700 billion in FY2023, with 15% growth.
- Africa streaming market projected to grow at 20.4% CAGR to $2.1 billion by 2028.
- Canada SVOD revenue reached CAD 4.1 billion in 2023, up 14%.
- Southeast Asia OTT revenue grew 19% to $4.5 billion in 2023.
- Global cloud-based video streaming market valued at $25.6 billion in 2023, CAGR 22.1% to 2030.
- U.S. CTV ad spend hit $30 billion in 2023, 20% of total TV ad market.
Market Size and Growth Interpretation
Platform Statistics
- Netflix has 260.28 million paid memberships worldwide as of Q1 2024.
- Disney+ reached 150.2 million core subscribers globally in Q1 2024.
- Amazon Prime Video has 200 million Prime members, 75% use video streaming.
- YouTube has 2.7 billion monthly active users, 1 billion watch hours daily.
- Hulu added 2.5 million subscribers in 2023, totaling 48.4 million.
- Max (Warner Bros. Discovery) has 97.6 million global subscribers as of Q1 2024.
- Paramount+ grew to 60 million subscribers worldwide in 2023.
- Peacock reached 28 million paid subscribers by end of 2023.
- Apple TV+ has approximately 25 million subscribers globally in 2023.
- Spotify video podcasts saw 250,000 hours streamed daily in 2023.
- Twitch averaged 2.3 million concurrent viewers daily in 2023.
- TikTok video views exceeded 1 trillion per day in 2023.
- Roku platform had 81.6 million streaming households in Q4 2023.
- Fire TV devices activated reached 150 million worldwide in 2023.
- Samsung Smart TV streaming apps saw 1.2 billion monthly sessions.
- DAZN has 20 million subscribers across 200 territories in 2023.
- Crunchyroll surpassed 13 million paid subscribers in 2023.
- BritBox International has 3.5 million subscribers globally.
- ViX (TelevisaUnivision) reached 50 million monthly active users.
- Discovery+ had 55 million global subscribers before Max merger.
- Tubi streams 64 million monthly active users in U.S. and Canada.
- Pluto TV has 80 million monthly active users across 35 countries.
- Sling TV ended 2023 with 1.9 million subscribers.
- FuboTV has 1.47 million paid subscribers as of Q1 2024.
- Philo reached 800,000 subscribers in 2023.
- YouTube TV has over 8 million subscribers in 2023.
Platform Statistics Interpretation
User Demographics
- 18-34 year olds represent 40% of global streaming users, with 85% daily usage.
- Women make up 52% of Netflix subscribers worldwide as of 2023.
- In the U.S., 62% of Gen Z (born 1997-2012) prefer streaming over traditional TV.
- Average streaming user watches 3.2 hours per day, up 12% from 2022.
- 73% of U.S. adults aged 18-29 have at least one SVOD subscription.
- Hispanics in the U.S. stream 25% more video content than average.
- 55% of global streaming users access via mobile devices exclusively.
- Baby Boomers (55+) now account for 22% of U.S. streaming households.
- Urban dwellers stream 1.8x more than rural users globally.
- 68% of streaming users aged 25-44 binge-watch weekly.
- African American viewers in U.S. have 15% higher SVOD penetration at 82%.
- 47% of streaming users are parents with children under 18.
- Males aged 35-54 represent 28% of gaming streaming viewers.
- 61% of U.K. streaming users are female, higher than U.S. average.
- Low-income households (<$30k) have 45% SVOD adoption in U.S., up 10% YoY.
- 75% of Indian streaming users are under 35 years old.
- LGBTQ+ users stream 20% more LGBTQ+-themed content.
- 52% of Brazilian streaming users access via shared accounts.
- Seniors (65+) in Europe stream 2.1 hours/day on average.
- 39% of streaming users multitask while watching (e.g., phone use).
- College-educated users subscribe to 2.3 SVOD services on average.
- 67% of Australian streamers are millennials.
- Gamers aged 18-24 spend 4.5 hours/week on Twitch.
- 48% of French streaming households are single-person.
- Rural Chinese users grew 30% in streaming adoption to 200 million.
- 55% of South Korean streamers are women.
User Demographics Interpretation
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