This paper presents a comprehensive comparative analysis of two widely adopted adaptive streaming protocols, Dynamic Adaptive Streaming over HTTP (DASH) and HTTP Live Streaming (HLS), within the contemporary landscape of video delivery. Delving into the background of both protocols, the study explores their architectures, media format support, and adaptability to diverse network conditions. A meticulous examination of strengths and weaknesses encompasses performance, scalability, user experience, device compatibility, and implementation ease. The implications for content delivery, including considerations of quality of experience, Content Delivery Network (CDN) compatibility, and cost factors, are thoroughly discussed. The paper also sheds light on current trends, emerging technologies, and the evolving nature of DASH and HLS. In conclusion, the study provides a synthesis of key insights, offering practical recommendations for protocol selection based on specific use cases and contributing valuable perspectives to the dynamic realm of adaptive video streaming.