Mobile First Video Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Mobile First Video Services Market: Overview
Nowadays, an average consumer watches more video on their mobile phones than any other device. According to a study by Cisco, mobile video will hold more than 75% share of the overall mobile traffic by 2021. Besides, smartphones will hold a share for over 50% in the global smart devices market. With integration of virtual reality (VR) and several other technological advancements on the horizon, the future of video streaming is certainly not tied to TV anymore. All these make an excellent scenario for providers and broadcasters of video content across the world. They are aware of the increasing mobile consumption and are making intense efforts to capitalize on this. The advent of mobile first video services is one such effort made by these providers and broadcasters to gain a strong foothold in the global market.
Let’s have a look at imminent trends in the global mobile first video services market:
Superior browsing, viewing, and decision-making through a mobile are some of the services; video content providers and broadcasters are trying to develop for an array of mobile devices.
Mobile interaction has overshadowed human interaction with other digital media devices, thereby generating a lucrative revenue stream for mobile first video services market. The current digital marketing landscape is leveraging the field of ‘mobile-first’, wherein the probability of gaining consumer traction and holistic success of the marketing strategy has increased significantly.
The current market place of video services is witnessing an increased interest of stakeholders to introduce mobile first video services. As mobile consumption continues to rise, adoption of mobile-first mentality among video providers and marketing professionals is likely to augur well for the mobile first video services market.
Mobile First Video Services Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global mobile first video services market include –
Mobile First Video Services Market Dynamics
Meteoric Rise in Video Content Streaming to Propel Mobile First Video Services Adoption
Several video streaming providers have increased their hours of content offering as mobile phones become the most preferred and convenient display platforms. Well aware of the increased video content screening through mobile phones, pay-TV and OTT service providers have increased their service durations to capture the rising pool of consumers.
An increasing pile of mobile video content can be attributed to growing participation of stakeholders in digital content marketing across industries such as news, enterprise, sports and entertainment. Industry giants in the media-services industry are actively engaged in leveraging benefits of mobile first video services to increase accessibility of the growing consumer pool.
Mobile First Video Services Fit Well in the Era of Network Connectivity and Growing Video Traffic
While 3G and 4G significantly transformed the network connectivity, development of network capacities continues to blur the line between connectivity achieved through mobile broadband internet and WiFi. Also, video streaming continues to represent a significant percentage of global internet traffic. In addition, better network connectivity on mobile phones has contributed to the growing global video traffic. The evident signs of increasing mobile first utilization allude at industry profitability for the mobile first video services market players in the coming years.
Mobile Phones Becoming the First Screen for Video Viewing
With increasing mobile subscriptions, consumers are becoming more prone to watch digital content on mobile phones as compared to television, desktop or laptops. Also, penetration of other media devices remains lower whereas the number of mobile-only consumers is rising at a significant rate. Further, as the duration of consumer interaction with mobile phones continues to rise, mobile has become the most convenient platform for video viewing. Based on this, demand for mobile first video services is set to rise in coming years with a growing number of digital marketing professionals opting for the mobile-first approach.
Mobile First Video Services Market – Regional Outlook
Developed markets of North America and Europe continue to dominate the mobile first video services market on the back of significant penetration of mobile subscription as well as mobile internet penetration. The mobile first video services market in APEJ is expected to witness a significant demand surge in the backdrop of increasing video traffic and increasing penetration of mobile internet subscriptions.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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