Streaming set to surpass pay TV worldwide by 2025 | Business Standard
The video streaming industry is rapidly growing worldwide, with this year marking a significant milestone. In 2021, streaming video is projected to bring in more revenue – a whopping $213 billion – than traditional pay-TV services.
This shift in revenue is a clear indication of the increasing popularity and dominance of streaming platforms. People are turning to services like Netflix, Hulu, Amazon Prime Video, and Disney+ for their entertainment needs, opting for the convenience and flexibility they offer over traditional cable TV subscriptions.
With a wide range of content available at the touch of a button, viewers are enjoying the freedom to watch their favorite shows and movies whenever and wherever they want. Streaming services also provide original and exclusive content, attracting subscribers with unique offerings they can’t find anywhere else.
As the streaming landscape continues to evolve, competition among providers is fierce. Each platform is constantly striving to innovate and offer the best possible experience for viewers, leading to a diverse array of options for consumers to choose from.
Despite the challenges of piracy, subscription fatigue, and content licensing issues, the streaming industry is showing no signs of slowing down. With the convenience, variety, and quality of content available, it’s clear why streaming video has become the go-to choice for entertainment for so many people worldwide.
