MarkNtel Advisors recently published a detailed industry analysis of the Video on Demand Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Video on Demand Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The 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.
What are the major Driver the Video on Demand industry?
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.
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What segments define the Video on Demand market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Type
- Subscription Video On Demand (SVOD)
- Advertising Video On Demand (AVOD)
- Transactional Video On Demand (TVOD)
According to report, the Subscription Video On Demand (SVOD) segment is projected to dominate the Video On Demand Market, primarily due to the increasing viewer interest, leading to a growing number of subscribers opting for Over-The-Top (OTT) platforms.
- By Application
- Sports
- Music
- TV Entertainment
- Movies
- Education
- Other (Kid content)
- By Platform
- Smartphones & tablets
- Laptop & PCs
- Smart TV
According to report, smartphones hold the maximum share of the Global Video on Demand (VoD) Market.
Explore the Complete Video on Demand Market Analysis Report – https://www.marknteladvisors.com/research-library/video-on-demand-market.html
Geographical Analysis: Video on Demand Market
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Video on Demand Market Share & Competitive Landscape:
The Video on Demand Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Video on Demand Market are:
- 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
Video on Demand Industry Recent Development:
- 2022, Muvi LLC partnered with Datasry to present an integrated streaming solution at the Broadcast India Show.
- 2022: Walt Disney announced its plans to launch an ad-supported video (AVOD) service as part of its strategy to achieve its goal of surpassing 230 million subscribers by 2024.
Questions Addressed in this Study
1.What factors are driving the Video on Demand Market growth?
2.How is the Video on Demand Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Video on Demand Market?
4.What is the current size of the Video on Demand Market, and how is it projected to change in the future?
6.What is the future outlook for the Video on Demand Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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