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Online Streaming Services Market size is set to grow by USD 507 billion from 2024-2028, rising penetration of smartphones and internet access to boost the market growth, Technavio

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NEW YORK, June 19, 2024 /PRNewswire/ — The global online streaming services market  size is estimated to grow by USD 507 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  26.01%  during the forecast period.  Rising penetration of smartphones and internet access is driving market growth, with a trend towards integration of advanced technologies with online streaming. However, concerns pertaining to video piracy  poses a challenge. Key market players include Access Industries Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., AT and T Inc., Baidu Inc., Balaji Telefilms Ltd., Brightcove Inc., British Broadcasting Corp., Eros International Media Ltd., Fox Corp., fuboTV Inc., Hulu LLC, Netflix Inc., Philo Inc., Sling TV LLC, Spotify Technology SA, Tencent Holdings Ltd., and The Walt Disney Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Revenue (Subscription, Advertising, and Rental), Type (Online video streaming and Online music streaming), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Access Industries Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., AT and T Inc., Baidu Inc., Balaji Telefilms Ltd., Brightcove Inc., British Broadcasting Corp., Eros International Media Ltd., Fox Corp., fuboTV Inc., Hulu LLC, Netflix Inc., Philo Inc., Sling TV LLC, Spotify Technology SA, Tencent Holdings Ltd., and The Walt Disney Co.

Key Market Trends Fueling Growth

Artificial intelligence (AI) and deep learning technologies are revolutionizing online streaming services by improving video quality and identifying offensive content. AI aids various aspects of video production, and its adoption is increasing due to the popularity of platforms like Hulu and YouTube. Blockchain technology, on the other hand, offers decentralization by enabling artists to distribute content directly to consumers and enforce license terms using smart contracts. The implementation of these technologies is expected to positively impact the growth of the online streaming services market. 

The online streaming services market is experiencing significant growth with various players offering a wide range of content. Costs are a key consideration for consumers, with many opting for more affordable options. The trend towards on-demand viewing continues, with streaming services providing convenience and flexibility. Technology plays a crucial role, with advancements in video quality and user experience driving innovation. Devices are also a factor, with streaming services available on a variety of platforms. Overall, the market is competitive, with providers continually striving to differentiate themselves through content offerings and pricing strategies. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The proliferation of web video piracy and illegal streaming through torrent sites poses a significant challenge to the growth of the global online streaming services market. Torrents, which contain metadata for downloading copyrighted audio and video content, are increasingly popular due to their convenience and the absence of advertisements. Despite the legality of using torrent software, the majority of the content shared is illegal. This trend is particularly prevalent in countries with lenient piracy laws. The abundance of exclusive content across various streaming platforms makes it difficult for users to subscribe to all of them. As a result, many opt for torrents, hindering the expansion of the online streaming services market.The Online Streaming Services market is experiencing significant growth, with numerous players vying for market share. One of the main challenges is the intense competition, as companies strive to offer unique content and features to attract and retain subscribers. Another challenge is the need to provide high-quality streaming, as consumers demand seamless and uninterrupted viewing experiences. Additionally, the market is constantly evolving, with new technologies and business models emerging, requiring companies to stay innovative and adapt to changing consumer preferences. Furthermore, there are regulatory and legal challenges, such as copyright issues and geo-restrictions, that must be navigated to ensure compliance and expand reach. Overall, the Online Streaming Services market presents both opportunities and challenges for businesses looking to succeed in this dynamic industry.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This online streaming services market report extensively covers market segmentation by

Revenue 1.1 Subscription1.2 Advertising1.3 RentalType 2.1 Online video streaming2.2 Online music streamingGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Subscription-  The Subscription Video-on-Demand (SVOD) market is experiencing significant growth due to the availability of original, high-quality content from platforms like Netflix, Amazon Prime Video, Hulu, HBO, Disney+, and others. In India, Hotstar leads the market, with 36% of OTT users in Tier I cities and 55% in metros subscribing. In the US, Disney+ reached 10 million subscribers, and Netflix had 69.97 million. Functionalities beyond messaging are offered, expanding the scope of OTT services. This trend is driving the expansion of the global online streaming services market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Online Streaming Services Market encompasses various platforms that deliver video content over the internet for both consumer and enterprise use. This market includes Video Streaming Services and Cloud-based solutions, which enable on-demand access to a vast library of movies, TV shows, and original content. Paramount Plus and other similar services are popular choices for consumers, while enterprise solutions cater to remote patient monitoring, webinars, courses, and more. The market’s growth is driven by the widespread use of Mobile Phones, Smart TVs, and high-speed Internet Connectivity, leading to increased Video Data Traffic. Social media platforms have also played a significant role in promoting online streaming, making it an integral part of our daily lives. The market offers both cloud and on-premises solutions, allowing businesses and individuals to choose the best fit for their needs. Online Streaming has revolutionized industries like education, entertainment, and healthcare, making content more accessible and convenient than ever before.

Market Research Overview

The Online Streaming Services Market is a rapidly growing industry that offers consumers a vast selection of video content, available for instant viewing. This market encompasses various types of streaming services, including subscription-based models, ad-supported platforms, and transactional video on demand. Consumers can access these services through various devices, such as smartphones, tablets, computers, and smart TVs. The market is driven by advancements in technology, increasing consumer demand for on-demand content, and competition among providers. Streaming services offer a wide range of programming, including movies, TV shows, live sports, and original content. Additionally, they provide features such as personalized recommendations, parental controls, and the ability to download content for offline viewing. Overall, the Online Streaming Services Market is transforming the way we consume media, offering convenience, flexibility, and a vast array of content choices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

RevenueSubscriptionAdvertisingRentalTypeOnline Video StreamingOnline Music StreamingGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Club Offers Released on May 25, 2025

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NEW YORK, May 24, 2025 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces the release of Club Offers for Club Members.

Rigorously vetted and negotiated for us travel enthusiasts in Germany:

199 €—LUXURY HOTEL IN DAVOS 3 days in one of Switzerland’s most fashionable places, the setting of Thomas Mann’s novel The Magic Mountain. The 5-star hotel is located directly on the promenade. Club members save 47–54 percent compared to the hotel website.

AB 379 €—TUSCANY: 6 DAYS WITH WINE TASTING & 3 COOKING COURSES
Apartments of at least 92 square meters, surrounded by cypresses and vineyards. Club members receive daily breakfast plus a 3-course candlelight dinner.

119 €—4*-HOTEL IN PARIS INCL. SEINE CRUISE, REGULAR 472 € A 2-night stay in the Saint-Germain-des-Prés district, once a meeting place for Sartre and Picasso. Just 15 minutes on foot from the Louvre and including breakfast.

99 €—NEW LUXURY HOTEL IN BUDAPEST, -72%
Located in the middle of the UNESCO-protected old town is this 5-star superior hotel. Condé Nast Traveller magazine lists it as one of the best hotels in Budapest. The “bold design” is particularly highlighted.

139 €—3 DAYS BLACK FOREST WITH HALF BOARD
4-star superior hotel with panoramic views of the countryside. Half board with organic products and access to the spa with thermal pool is included. Club members save 39–66 percent compared to the original price.

FROM 599 €—SWITZERLAND TRIP WITH GLACIER EXPRESS & HOTELS 4-day train journey in 1st class from and to Germany. Including 4-star hotels in Zermatt and St. Moritz as well as a ride on the panoramic train Glacier Express.

Some offers have limited inventory and are subject to availability.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

About Travelzoo
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with thousands of top travel suppliers—our long-standing relationships give us access to irresistible deals.

Travelzoo is a registered trademark of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Media Contact:

Mara Zatti 
+49 30 3119 7514
mzatti@travelzoo.com

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SOURCE Travelzoo

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Huawei ICT Competition 2024-2025 Global Final Concludes: AI Empowers Education Transformation and ICT Talent Development

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SHENZHEN, China, May 24, 2025 /PRNewswire/ — The Closing & Awards Ceremony of the Huawei ICT Competition 2024–2025 Global Final was successfully held today in Shenzhen. In its 9th edition, the event has reached a record-breaking scale this year, attracting over 210,000 students and instructors from more than 2,000 colleges and universities in over 100 countries and regions. Following national and regional competitions, 179 teams from 48 countries and regions made it to the Global Final.

Through intense competition across three major tracks, Practice, Innovation, and Programming, top honors were awarded to 18 outstanding teams from 9 countries: China, Algeria, Brazil, Philippines, Morocco, Nigeria, Serbia, Tanzania, and Singapore.

The Grand Prize winners of the Innovation Competition were teams from the Bulacan State University in the Philippines, Beijing University of Technology in China, Faculty of Technical Sciences Čačak of the University of Kragujevac in Serbia, and the Faculty of Sciences and Techniques of Errachidia – Moulay Ismail University in Morocco.

In the Practice Competition – Network Track, Grand Prizes were awarded to teams from the Shenzhen Institute of Information Technology in China, Instituto Federal do Tocantins in Brazil, Federal University of Technology Minna in Nigeria, and a joint team from Dar es Salaam Institute of Technology, University of Dar es Salaam, and University of Dodoma in Tanzania.

In the Practice Competition – Cloud Track, Grand Prize winners included teams from iACADEMY in the Philippines, University of Batna 2 and the Higher National School of Computer Science Algiers in Algeria, Tianjin University of Technology and Education in China, and Singapore University of Social Sciences.

In the Practice Competition – Computing Track, the Grand Prizes went to teams from Guilin University of Electronic Technology in China, Federal University of Technology Minna in Nigeria, University of Bejaia and Higher National School of Computer Science SBA in Algeria, and Cebu Institute of Technology – University in the Philippines.

The Grand Prize in the Programming Competition was awarded to a team from Shenzhen Polytechnic University in China.

To recognize outstanding contributions beyond technical excellence, the competition also presented special honors. The Women in Tech Award was granted to four all-female teams from Brazil, Saudi Arabia, Germany, and Kenya. The Green Development Award went to a team from Ghana. The Most Valuable Instructor Award recognized 18 distinguished instructors from 10 countries – China, Algeria, Bangladesh, Brazil, Egypt, Indonesia, Iraq, Nigeria, Hungary, and Türkiye – for their contributions to ICT education.

In his opening speech, Ritchie Peng, Director of the ICT Strategy & Business Development Dept at Huawei, mentioned, “To achieve the goal of learning through competition and inspiring innovation through competition, we have continuously evolved the design of competition topics. The Practice Competition aligns with our vision for an Intelligent World 2030 and encourages students to master cloud computing, big data, and AI to drive social progress. The Innovation Competition focuses on green development and digital inclusion, motivating participants to solve real-world challenges in sectors like agriculture, healthcare, and education through ICT.”

As digital transformation is accelerating globally, the demand for skilled professionals in fields such as AI, big data, and cybersecurity continues to grow. However, the shortage of talent in these critical areas is becoming increasingly evident. To help tackle this challenge, the Huawei ICT Competition features multiple tracks — including Practice, Innovation, and Programming — alongside initiatives such as industry-academia collaboration and tailored curriculum development. These efforts aim to equip students with in-demand skills and foster the next-generation tech talent who will stand out in an increasingly intelligent and digital world.

During this year’s competition, Huawei also hosted the AI Accelerating Education Transformation Summit, where experts explored the pivotal role of AI in smart education. In addition, Huawei officially announced the AI Capability of the Huawei ICT Academy Intelligent Platform, making it easier and more efficient for educators and students to use. This marks another step forward in advancing educational digitalization.

For more details about the Huawei ICT Competition, visit us at https://www.huawei.com/minisite/ict-competition-2024-2025-global/en/index.html.

SOURCE Huawei

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Deye Redefines Solar Tech at Intersolar 2025

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Deye showcased its next-gen wireless energy management system, off-grid ESS solution, C&I ESS solutions and utility ESS solutions, drawing strong interest from global partners

MUNICH, May 24, 2025 /PRNewswire/ — At Intersolar Europe, one of the solar industry’s key exhibitions, Deye impressed the crowd with its new-generation Power Conversion System (PCS), smart wireless energy management system, off-grid ESS solutions and C&I ESS solutions. Over three days, the booth drew hundreds of partners and professionals, highlighting how intelligent energy is reshaping the global energy development.

The exhibition featured an indoor hall and an outdoor container zone. Indoors, Deye displayed its HVAC appliances and integrated PV storage solutions for residential, commercial, industrial, and ground power stations. Outdoors, it showcased the Smart Home Micro-Climate Comfort Solution, powered by its household energy storage system and Five Constant System, expanding solar storage application possibilities.

Deye showcased its latest PCS series, featuring <20 ms seamless mode transitions and up to 500 kW independent power paths for uninterrupted on/off-grid and diesel mode operation. Its intelligent EMS enables zero-export control and time-of-use scheduling with color touchscreen and remote cloud management. With up to 98.5% efficiency and 2.5 MW rated power, it suits medium to large-scale commercial and industrial applications.

Another talked-about innovation was Deye’s wireless smart energy management system based on LoRa for smart load control and home automation. Through multi-dimensional logic control such as time, battery SOC and grid state, this system can automatically optimize the power consumption strategy. Moreover, it supports smart home IoT integration, connecting devices like smart EV chargers, wireless CTs, switches, and plugs for remote control via the Deye App.

The newly launched off-grid ESS solution attracted attention for its suitability in remote and microgrid scenarios. Compatible with diesel generators and batteries, it delivers stable power in off-grid or weak-grid environments like deserts. Its IP65 protection level enhances durability and extends operational lifespan, while the integrated LoRa-based smart energy management system further improves performance and monitors in off-grid applications.

In addition, Deye’s C&I ESS series offers a scalable, high-performance solution for diverse business needs. The MS-G215 outdoor system features peak-valley management, anti-back flow protection, intelligent thermal control (<35℃ battery temp), and supports parallel expansion up to 20 units (on/off-grid) or 5 units (backup). The integrated PV-BESS-EV solution (MS-DCC180-2 + MS-LC430) combines solar, storage and fast charging with key advantages including:

Improving system efficiency by 4% and cutting investment by 15%.Supporting flexible 2-8 hour energy storage.Providing 3+3-layer electrical protection against thermal runaway.Achieving efficiency and safety with 180kW ultra-fast charging and up to 4 dual-gun terminals.

For high-capacity energy storage, the utility C&I PV-BESS solution delivers 430 kWh per unit with excellent scalability and active balancing. It ensures optimal battery efficiency and lifespan while adapting to diverse industry requirements, making it ideal for applications across commercial, industrial, and utility sectors.

Beyond the product display, the exhibition marked a milestone in Deye’s global strategy. Its F120 Series ESS earned CEI 0-21 and 0-16 certifications from Kiwa for Italy’s medium-voltage grids, while TÜV Rheinland granted VDE-AR-N 4110 & 4120 certifications to its flagship ESS and 110 kW three-phase inverter. Attendees also experienced Deye’s latest innovations through an immersive VR showcase, which further reinforced its international tech leadership.

With Intersolar Europe 2025 behind it, Deye now looks to global expansion, focusing on technology refinement and deeper global partnerships. “Our vision is clear,” said Deye’s representative. “To empower communities, businesses, and grids with smart, sustainable energy. Intersolar confirmed we’re on the right path- and the world is ready.”

For more information about Deye, visit https://www.deyeinverter.com/ ; https://deyeess.com/

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