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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