Streaming media represents a huge market. Statista forecasts that the video streaming industry will reach $95.9 billion this year, and $137.7 billion by 2027.

Given the size of this market, it's no wonder Netflix, one of the earliest players in the space, now must battle a bevy of competitors for market share. Among this competition, two companies, in particular, stand out.

The first is veteran entertainment giant Walt Disney (NYSE: DIS), whose universe of renowned brands, such as Star Wars, gives it an edge. The other is tech titan Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which is best known for its Google search engine, but which also owns video platform YouTube.

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Source Fool.com