The streaming industry has seen a massive surge in popularity in recent years, and with it, a huge increase in revenue. In this blog post, we'll be taking a look at some of the most interesting streaming services revenue statistics, and exploring the implications of this growth for the industry.
We'll also be discussing the impact of streaming services on the traditional media industry, and how this could shape the future of entertainment. So, if you're interested in learning more about the streaming industry, read on.
Streaming Service Revenue: The Most Important Statistics
Music streaming revenue has experienced exponential growth, peaking at an average growth rate of 43.9% in 2014 and increasing to $25.1 billion in 2021.
The live-streaming market is valued at $988 million in 2021 and is expected to grow at a CAGR of 23.50% to reach $4,290 million by 2028.
Streaming Service Revenue: Statistics Overview
SVoD services are projected to reach $139.20 billion in revenue by 2027, with the majority of the revenue coming from the U.S.. This statistic matters because it provides insight into the future of streaming services revenue and how it may be affected by subscription prices. It is important to note that the majority of the revenue is coming from the U.S., which suggests that the U.S. is the primary market for streaming services. This statistic also provides insight into the potential challenges that streaming services may face in the future, such as the potential for subscription prices to deter growth and adoption in Eastern markets.
SVoD revenue in the U.S. has reached $72.2 billion in 2021 and is expected to reach $115 billion by 2026 due to the surge in new users during the COVID-19 pandemic. Why it Matters: This statistic is important as it shows the potential of the streaming services industry in the U.S. and how it has been affected by the pandemic. It also highlights the potential for growth in the industry, as well as the potential for the market to become diluted due to too many streaming services.
The global music streaming industry has experienced a 4x growth between 2015 and 2021, with streaming revenue increasing from $2.8 billion to $16.9 billion. This statistic matters in the context of Streaming Services Revenue Statistics because it demonstrates the tremendous growth of the music streaming industry, where digital forms of music have replaced traditional, physical formats. This shift has allowed streaming platforms like Spotify and Apple Music to become an integral part of listening to music and now account for over 65% of the global music industry.
Music streaming revenue has experienced exponential growth, peaking at an average growth rate of 43.9% in 2014 and increasing to $25.1 billion in 2021. This statistic is important because it shows how the digitization of the world has led to an increase in music streaming services and revenue. This trend is likely to continue as more people shift away from traditional physical formats and towards digitalized music streaming services. This is important for businesses to understand, as it can help them to make informed decisions about their strategies for the future.
GVC (Gaming Video Content) revenue worldwide increased from $4.9 billion in 2019 to $9.3 billion in 2020, with platforms like Twitch contributing significantly to this growth. This statistic matters in the context of Streaming Services Revenue Statistics because it shows the potential of GVC as a viable source of revenue for streaming services. It also highlights the importance of platforms like Twitch in driving the growth of the GVC industry.
GVC has reached annual revenue of $6.5 billion in 2019, with Twitch as the most dominant player despite having fewer users than YouTube. This statistic matters in the context of Streaming Services Revenue Statistics because it shows the growth of the gaming and content streaming industry and the importance of Twitch and YouTube in driving that growth.
The live-streaming market is valued at $988 million in 2021 and is expected to grow at a CAGR of 23.50% to reach $4,290 million by 2028. This statistic is important because it shows the potential growth of the live-streaming market, which has become increasingly popular due to its adoption into popular social media platforms. This indicates that streaming services' revenue could increase significantly in the coming years, and businesses should consider investing in this market to capitalize on the growth.
The global revenue from the live-streaming market is projected to reach $4.26 billion by 2028, with an average CAGR of 22.4%. This statistic is important because it shows the potential for growth in the live-streaming market. The COVID-19 pandemic has played a significant role in the recent growth of the industry, and the increasing adoption of smartphones and the internet has further contributed to this growth. This statistic is important for understanding the potential for revenue growth in the streaming services industry.
83% of U.S. consumers are subscribed to at least 1 streaming service, with Netflix leading the market. This statistic matters in the context of Streaming Services Revenue Statistics because it shows that streaming services are becoming increasingly popular and that Netflix is the most popular streaming service in the U.S. This is important because it indicates that Netflix is likely to continue to dominate the streaming services market and that other streaming services may struggle to compete with Netflix's market share.
Subscription-based streaming services have surpassed the U.S. population in subscriptions, with over 57% of Internet users relying on them to watch films and shows. This matters in the context of Streaming Services Revenue Statistics because it shows that streaming services are becoming increasingly popular and are replacing traditional television. This means that streaming services are likely to continue to grow in popularity, which will result in increased revenue for streaming services.
In conclusion, streaming services revenue statistics show that streaming services are becoming increasingly popular and profitable. This trend is likely to continue as more people turn to stream services for their entertainment needs. As streaming services continue to grow, it will be interesting to see how this affects the entertainment industry as a whole. It is clear that streaming services are here to stay and will continue to be an important part of the entertainment industry for years to come.
1 - Video Streaming (SVoD) - Worldwide
2 - Video Streaming App Revenue and Usage Statistics (2023)
3 - Music streaming revenue worldwide from 2005 to 2021
4 - Music Streaming App Revenue and Usage Statistics (2023)
5 - Gaming video content (GVC) revenue worldwide from 2016 to 2020
6 - Gaming Video Content Market Statistics 2022
7 - Live Streaming Market - Global Industry Assessment & Forecast
8 - Live Streaming Market By Component , Offering Model, Streaming Type, Vertical, and Region - Global Forecast To 2028
9 - Share of consumers who have a subscription video-on-demand (SVOD) service in the United States from 2015 to 2022
10 - Streaming subscriptions in US overtake number of people
ZipDo, cited June 2023: Streaming Services Revenue Statistics