APAC Video Streaming Market to Reach $112.89 Billion by 2030, Agora Targets Real-Time Communication Expansion

Agora, Inc. (NASDAQ: API), a pioneer in real-time engagement APIs, has swiftly established itself as a leader in the APAC region by capturing the largest market share in the Real-Time Communication (RTC) industry.

Singapore, 3 October 2024 – The Asia-Pacific (APAC) video streaming market is projected to experience explosive growth, with market size reaching $112.89 billion by 2030, driven by a robust compound annual growth rate (CAGR) of 22.5% from 2023. This expansion is fueled by surging demand for mobile-first streaming services, particularly in key markets such as Indonesia and Malaysia, where mobile content consumption via smartphones dominates, with 69% and 86% of users respectively streaming on these devices. Amid this boom, Agora, Inc. (NASDAQ: API), a global leader in Real-Time Communication (RTC) technology, is positioning itself to capitalize on these trends, bringing innovative communication solutions to meet the evolving needs of this rapidly expanding market.

The APAC region’s video streaming landscape is increasingly defined by a mobile-first approach, necessitating high-performance, low-latency communication solutions to ensure seamless and real-time user experiences. Agora’s cutting-edge real-time engagement technology empowers developers to integrate voice, video, and interactive features effortlessly, making it possible for businesses to deliver the high-quality, instantaneous interactions that users now expect. As the demand for real-time communication (RTC) continues to rise, Agora is uniquely positioned to support businesses looking to engage more deeply with their audiences.