In a recent article from FinancialBuzz, live streaming is a huge priority for social media companies in 2016. In fact, according another report, global video streaming market can grow from USD $30.29 Billion in 2016 to $70 billion by 2021!
The rapid growth of live video streaming is taking hold at many tech-ups, small businesses, and large capitalized companies – making growth rates skyrocket across multiple verticals.
Twitter has forged partnerships with the NFL, NBA, and Bloomberg Media, while Facebook as inked deals with over 100 celebrities and media companies to produce more LIVE videos on Facebook.
For more information, please see the PRNewswire release