PwC predicts streaming revenue to reach $113 billion by 2029

U.S. streaming video revenue is estimated to reach almost $113 billion by 2029, thanks to a combination of more subscribers and price increases. This growth is a reflection of the increasing popularity of streaming services among consumers.

Experts predict that the number of streaming subscribers will continue to rise in the coming years, as more people cut the cord on traditional cable and satellite TV services. With the convenience and flexibility that streaming platforms offer, it’s no surprise that they are becoming the go-to choice for many viewers.

In addition to growing subscriber numbers, streaming services are also raising their prices, contributing to the overall increase in revenue. While some consumers may be hesitant about price hikes, the value and variety of content available on these platforms often outweigh the cost.

As the streaming landscape continues to evolve, competition among providers will likely intensify. This could lead to even more innovative content and features being offered to attract and retain subscribers.

Overall, the future of streaming video looks bright, with continued growth and revenue projected for the years to come. It’s an exciting time for both consumers and industry professionals alike, as the streaming revolution shows no signs of slowing down.