Video streaming Still Has Room to Grow

Apple is unveiling its own streaming service and news subscription platform today at company event. They have released teaser content, but there is still much to learn about the content options and prices.

The tech behemoth, known for iPhones and laptops, is pivoting its business model to focus more on services. Apple may be making a wise decision by trying its hand at the streaming service market. According to Statista’s Digital Market Outlook, the streaming service market is far from saturated. The Americas have the most developed streaming market. Out of the whole population, four in ten already use a streaming service. The European market is about half the size, with about two in ten people using a streaming service. Overall, the four-year forecast proves that there is still more room to grow for all regions.