Triples in 2 years: SG streaming market is expected to explode
The COVID-19 Pandemic has awaked the video streaming market. According to Grand View Research, Southeast Asia will become a major webcasting market, with the market size increase to $19 billion in 2023 from $ 6 billion last year. Moreover, the size of Singapore's streaming market tends to triple in 2 years, from $400 million to $1.27 billion.
This trend is expected to generate a bunch of investing chances. Specifically, the growing Gross Merchandise Value (GMV), the increasing online retailers, and the boosted frequency of purchases are three main drivers, to promote the penetration of e-commerce, video conference, cloud-based solutions, and even AI & blockchains.
What's your thought on Singapore's video streaming market? Did it affect your life? Is there any trade idea that hits the bell?
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cheez_lit : Explosive growth? Will wait and see!!!
Johnnie Worker cheez_lit : It’s comin for real bro. This is a huge market waiting to be taken!
cheez_lit Johnnie Worker : I am looking forward too! Let us go to the moon
Jackosen : Definitely a growing market in SG since influencers and live streams hosts are now earning big bucks. However, i guess the govt will step in soon with regulations and taxation.
EL1296 : looking forward
bingwei99 : The Singapore market is really worth starting with because it has a good management system
Bobi2206 : Who are the players in this space? How can we invest?
小妞妞来了 :
KwanSook : Unlikely will happen as covid eases, the trend will be back to norm.
Favoured : Looks like working from home will stay for a while. Hence, Good to invest In video conferencing shares, eg Zoom
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