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4K Market To Be Worth Over $102b As YouTube Now Supports 4K Live Streaming

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YouTube now supports 4K live streaming in 360-degree and standard video formats at 60 frames per second rate. In a post last week, the biggest video streaming site says for creators this means the ability to take advantage of an incredibly clear picture for recorded and now streaming video. It’s the kind of thing that can help to push their hardware (and their talent) to create the most beautiful or just plain crazy-looking images and videos possible. And with 360 4K live streams, the sky is (literally) the limit. Get ready for 360 concert and event streams that look sharper, cleaner, and brighter than ever before.

This comes as YouTube also announced weeks ago that it would now support 4K HDR videos. Since the live streaming in 4K was announced last Wednesday, content creators can now stream their shows in high resolution provided they use the right hardware and receivers have devices that support the format too.

As 4K devices gradually roll into nearly every home and institution, expect more platforms like YouTube to support the format for streaming.

According to MarketandMarkets (a marker research firm), the 4K technology market will be worth about $102.1b by 2020. “4K TVs held the largest share of ~49% of the overall 4K technology market, in 2014 and 4K tablets are expected to grow at the highest CAGR among all products. The 4K TV market is further segmented on the basis of screen size and technologies used. The products which do not contain the 4K display panels but use 4K technology in it such as set-top box, projector, camera, and Blu-ray player, for them the market size of the complete product is considered. Whereas, for the products which contains the 4K display panels such as TV, monitor, digital signage, smartphone, tablet, and laptop, for them the market size of the display panels is considered in the report.”

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