Report Overview:
The following report titled “Global Video on Demand Market: By Type (Subscription Video On Demand [SVOD], Advertising Video On Demand [AVOD], Transactional Video On Demand [TVOD]), By Application (Sports, Music, TV Entertainment, Movies, Education, Other [Kid content]) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Video on Demand Market Summary
The Global Video on Demand Market size is valued at nearly USD 87.1 billion in 2023 and is estimated to grow at a CAGR of around 17.67% during the forecast period, i.e., 2024-30. The market's growth can be attributed to the rising adoption of smart devices gadgets, the continuous improvement in internet services, and the increasing demand for subscription-based platforms to access a wide range of content, including series, shows, documentaries, movies, and more. The growing affordability of streaming devices like smartphones, along with convenient access to streaming platforms from anywhere, is contributing to the industry's expansion.
Report Coverage Details
- Forecast Period: 2024-2030
- Base Year: 2023
- Market Size in 2023: USD 87.1 Billion
- CAGR: 17.67%
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Video on Demand Market Driver:
Digitalization Compatibility with Streaming Platform Are Driving the Market Growth – The increasing digitization improved internet connectivity have led to a surge in the adoption of various gadgets like smartphones, tablets, smart televisions, and more, driving the Video on Demand Market. The compatibility of various streaming services, such as Netflix, Amazon Prime Video, and Disney Hotstar, with a wide range of digital devices has encouraged consumers to access video content of their choice.
Additionally, service providers offering faster download streaming capabilities, owing to high-speed networks, are contributing to the expansion of the market. Technological advancements in smartphones, along with the addition of numerous features, have replaced desktops traditional televisions as the primary means of consuming media. This shift in consumer behavior is further boosting the demand for streaming video content on portable devices, hence enhancing the market size.
Segmentation Analysis: Video on Demand Market
By Type
- Subscription Video On Demand (SVOD)
- Advertising Video On Demand (AVOD)
- Transactional Video On Demand (TVOD)
By Application
- Sports
- Music
- TV Entertainment
- Movies
- Education
- Other (Kid content)
By Platform
- Smartphones tablets
- Laptop PCs
- Smart TV
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia Pacific
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Region: North America Holds a Major Market Share
Among all regions globally,North America is anticipated to dominate the Video on Demand Market with the largest share during 2024-30..
Leading Players Analysis: Video on Demand Market
The report provides detailed analysis of key players in the global Video on Demand market, highlighting their strategies and competitive scenario.
- Amazon Inc.
- Apple Inc.
- Netflix
- Hulu LLC.
- Comcast network
- Indeflix
- HBO Home Entertainment Inc.
- Vudu Inc.
- Alphabet Inc.
- Vubiquity Inc
- Joinyn Gmbh
- AT T Inc Corporation
- Google LLC
- Xumo
- Vimeo Live
- Others
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