The streaming industry has evolved significantly for the past two decades and it has changed the way we watch television and movies. From the early days of Netflix DVD rental service to the current streaming high definition videos at the tips of fingers, the industry has evolved a lot. Looking ahead, the following trends will define the next phase of streaming:
One of the trends that have emerged is the blending of the subscription-based model, ad-supported, and free content. Such diversification enables platforms to meet different consumer needs while at the same time seeking for other sources of income. It is also evident that the use of artificial intelligence and machine learning is also influencing content curation and personalization and presenting more relevant content to the viewers.
Another important trend is the increase in the role of content at the global level. Since streaming platforms are penetrating global markets, they are focusing on the production of content that will suit the different markets. This focus on cultural diversity is changing the content of the industry.
It is also possible to predict that new technologies will be introduced into streaming in the future. Advancements in 5G, edge computing, and other technologies such as VR suggest that streaming quality can be improved, latency decreased, and experience made more immersive. As the industry continues to evolve, one thing is certain: It is safe to say that the manner in which we currently watch TV and movies will be dramatically altered by the end of the year.