Tools commonly used in the Media Streaming Service industry for day-to-day tasks and operations.

• Content Delivery Networks (CDNs)
• Video Encoding Software
• Digital Rights Management (DRM) Systems
• Analytics Tools
• Ad Insertion Software
• Video Players
• Live Streaming Software
• Cloud Storage Services
• Content Management Systems (CMS)
• Video Hosting Platforms

Common products and services typical of NAICS Code 516120-11, illustrating the main business activities and contributions to the market.

• Video-on-Demand (VOD)
• Live Streaming
• Music Streaming
• Podcast Streaming
• Web Series Streaming
• Sports Streaming
• Educational Streaming
• Gaming Streaming
• News Streaming
• Virtual Event Streaming

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Digital Millennium Copyright Act (DMCA): The DMCA is a US law that regulates the use of copyrighted materials.
• Federal Communications Commission (FCC) License: The FCC license is required for any company that broadcasts over the airwaves.
• General Data Protection Regulation (GDPR): The GDPR is a regulation that requires companies to protect the personal data and privacy of EU citizens.
• Payment Card Industry Data Security Standard (PCI DSS): The PCI DSS is a set of security standards that all companies that accept credit card payments must follow.
• Children's Online Privacy Protection Act (COPPA): COPPA is a US law that regulates the collection of personal information from children under the age of 13.

A concise historical narrative of NAICS Code 516120-11 covering global milestones and recent developments within the United States.

• The Media Streaming Service industry has revolutionized the way people consume media content worldwide. The industry started in the early 2000s with the launch of Netflix's DVD-by-mail service in the United States. In 2007, Netflix introduced its streaming service, which allowed users to watch TV shows and movies instantly on their computers. This was followed by the launch of Hulu in 2008, which offered ad-supported streaming of TV shows and movies. In 2010, Netflix expanded its streaming service to Canada, and by 2016, it was available in over 190 countries. In recent years, the industry has seen the entry of new players such as Amazon Prime Video, Disney+, and Apple TV+. These players have disrupted the industry with their original content and competitive pricing. In the United States, the Media Streaming Service industry has seen significant growth in recent years. According to Statista, the number of subscription video-on-demand (SVOD) users in the United States is expected to reach 125.8 million by 2024, up from 103.3 million in 2020. The COVID-19 pandemic has further accelerated the growth of the industry, as people spent more time at home and turned to streaming services for entertainment. In 2020, Netflix added a record 37 million subscribers, while Disney+ reached 100 million subscribers in just 16 months after its launch. The industry has also seen the launch of new services such as HBO Max and Peacock, which have further intensified the competition in the market.

The anticipated future trajectory of the NAICS 516120-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The Media Streaming Service industry in the USA is expected to continue its growth trajectory in the coming years. The industry has been experiencing a surge in demand due to the increasing number of consumers who prefer to stream content online. The COVID-19 pandemic has further accelerated this trend as more people are staying at home and relying on streaming services for entertainment. The industry is expected to benefit from the growing number of internet users, the increasing adoption of smartphones and tablets, and the availability of high-speed internet. However, the industry is also expected to face challenges such as intense competition, rising content costs, and the need to constantly innovate to keep up with changing consumer preferences. Overall, the Media Streaming Service industry is expected to remain a key player in the entertainment sector in the USA.

Recent groundbreaking advancements and milestones in the Media Streaming Service industry, reflecting notable innovations that have reshaped its landscape.

• Disney+ launched in November 2019, offering a vast library of Disney-owned content, including movies and TV shows from Marvel, Star Wars, Pixar, and National Geographic.
• In 2020, Netflix introduced a new feature called "Top 10" that displays the most popular movies and TV shows in a user's country, making it easier for users to discover new content.
• In 2020, HBO Max launched, offering a wide range of content from HBO, Warner Bros., and other networks, including popular shows like Friends and The Big Bang Theory.
• In 2020, Amazon Prime Video introduced a feature called "Watch Party" that allows users to watch movies and TV shows with friends and family remotely.
• In 2021, Paramount+ Launched, Offering a Vast Library Of Content from CBS, MTV, Nickelodeon, and Other Networks, As Well As Original Programming Like The Good Fight and Star Trek: Discovery.