Netflix is killing the likes of Torrent platforms and other such platforms by increasing its demand between the masses.
There is no doubt in the fact that Netflix Inc. single handedly dominates that TV industry of not only the United States but globally as well. The company is growing at a very fast pace in recent times and it plans to keep up with this performance for future as well. As it is known, the streaming giant has expanded its global footprints in more than 80 countries now having nearly 70 million plus paid subscribers on its platform. To be precise, the company is the uncrowned king of the entertainment industry.
Netflix was all caught up this year as it had to keep up with its robust expansion plans throughout the world. The streaming service provider has still a few locations left to expand in services in this year but it has already arranged a long list of the countries in which it will launch next year. Most of them are the Asian countries including the second largest population in the world, India. NFLX plans to be in every country by the end of next year and this plan has bolstered the market position for the company.
As of now, the company easily dominates the online streaming space and with time it is killing the likes of BitTorrent and other such platforms which people used before Netflix became common. The CEO of Sandvine, Dave Caputo, who praised Netflix dominance in the industry while addressing the new streaming services stated “Streaming Video has grown at such a rapid pace in North America that the leading service in 2015, Netflix, now has a greater share of traffic than all of streaming audio and video did five years ago.”
Furthermore, Netflix has also decided to double its original programming by next year which would further strengthen its position in the industry. If we talk about the usage of Netflix from the viewers in its peak hours, then the bandwidth its viewers consume while streaming is greater than that of YouTube, Amazon Prime, Hulu, and iTunes combined.
Only YouTube is closer to Netflix’s dominance which has almost 18 percent of the whole internet traffic at this moment. Netflix is accountable for more than 35 percent of the internet traffic in North America.
According to BGR, “While bandwith from sites like Netflix, YouTube, and Facebook all increased over the past few months, the sites that enjoyed the largest gains were Amazon Video and Hulu, with 3.11% and 2.58% shares respectively.” While keeping in mind the plans of Netflix in the near future, there is no way any company could stop or become an obstacle in its sheer dominance in the market.