Global Video Game Streaming Services Market 2017-2021

Overview of the global video game streaming services market

Technavio’s market research report identifies that the rising popularity of high dynamic range (HDR) technology will be one of the primary growth drivers for the global video game streaming services market till 2021. HDR technology gives more emphasis on details and displays a wider range of color tones. Only 4K ultra-high-definition (UHD) videos support HDR. However, with the use of dolby vision imaging technology, videos produce more details and a wider color gamut than the present 4K UHD videos. For instance, Netflix uses dolby vision imaging technology to provide video streaming services to their customers. Such technological advancements are positively influencing the gaming industry. The Xbox One S supports HDR playback and 4K resolution for games. This makes games more colorful and attractive as observed in Forza Horizon 3 and Gears of War 4. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.

The rising shift towards HTML5 is one of the key trends that will gain traction in the video game streaming services market during the forecast period. Adobe Flash had 23 loopholes. It can be exploited by hackers because it has severe security issues. This encouraged innovators to come up with HTML5. Yahoo and YouTube have also shifted towards HTML5 because it is an open-source tool, more secure, lightweight, and faster than Adobe Flash.

Competitive landscape and key vendors