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NAICS Code 516120-11 - Media Streaming Service
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Looking for more companies? See NAICS 516120 - Television Broadcasting Stations - 5,563 companies, 102,794 emails.
NAICS Code 516120-11 Description (8-Digit)
Media Streaming Service is a subdivision of the Television Broadcasting Stations industry that involves the delivery of audio and video content over the internet to a user's device. This industry has experienced significant growth in recent years due to the increasing popularity of on-demand entertainment and the rise of internet-connected devices.
Parent Code - Official US Census
Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 516120 page
Tools
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
Industry Examples of Media Streaming Service
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
History
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.