The Demand & Spending on Video Streaming Services

There are many different options in the market right now if you are looking for entertainment, as far as video streaming services go you have more than one option.

This market has grown significantly and is already estimated to be worth tens of billions with some projecting that it could grow to hundreds of billions within a few years time.

What popular options are there for video streaming today?
Netflix, Amazon Prime, Disney+, Apple TV+, Hulu, HBO Max, and others.

Netflix became one of the most successful streaming success stories that is out there today and they achieved that in less than 30 years, over the decades they've seen more competition come around.

Millions of people in the US and elsewhere have been cutting the cord on their regular cable.

What are the most in-demand video streaming services?

By users we know that Netflix is at the top for being the most popular, followed by the likes of Amazon Prime, Disney+, and others.

Most streaming viewers spend $30 or less on their entertainment viewing services

It isn't hundreds of dollars that the average consumer might be willing to spend on their streaming services for entertainment. One report suggested that it might be around $30 that most are spending on their streaming services.

Video streaming entertainment services arguably aren't a necessity for people today and the more that inflation eats away in other areas and drives the cost of living up it might threaten what people can afford for things like entertainment and video streaming. Some have already reported doing this. However, when people can't afford vacations and other more expensive luxuries, their video streaming entertainment might be one of the few luxuries that they do want to continue to try and still afford.

Pics:
pixabay
This is not financial advice.
Sources:
https://www.forbes.com/sites/tonifitzgerald/2019/03/29/how-many-streaming-video-services-does-the-average-person-subscribe-to/?sh=526c8cc26301
https://www.fool.com/research/state-of-streaming/



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More are buzzing in the streaming game and the toppers need to be on top. Well, for me this luxury is the cheapest one though lol!

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