Video on Demand Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, Video on Demand Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Video on Demand presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Video on Demand Market Research Report & 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.

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Video on Demand Market Dynamics:

Key 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.

Video on Demand Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Type

Subscription Video On Demand (SVOD)
Advertising Video On Demand (AVOD)
Transactional Video On Demand (TVOD)

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. Within this business model, users pay a subscription fee to gain access to all available content on the video streaming platform.

By Application

Sports
Music
TV Entertainment
Movies
Education
Other (Kid content)

By Platform

Smartphones & tablets
Laptop & PCs
Smart TV

Smartphones hold the maximum share of the Global Video on Demand (VoD) Market. This preference is attributed to the widespread availability & affordability of smartphones, which make them a ubiquitous choice for consumers, ensuring easy access to VoD content. Smartphones offer portability, allowing users to enjoy content on the go, which aligns with the evolving lifestyle & viewing habits of modern consumers.

By Region

North America
South America
Europe
The Middle East & Africa
Asia Pacific.

North America held the largest share in the Video on Demand Market, mainly due to the significant presence of key players such as Netflix, Amazon, Apple Inc., and others within the region. These companies have been actively developing advanced Video on Demand (VoD) services for consumers. Furthermore, the region's diversity and the substantial investments made by industry leaders in adopting advanced technologies like cloud computing and artificial intelligence have enhanced the market's value.

As indicated in the latest market research report published by Markntel Advisors, “Video on Demand Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Video on Demand industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/video-on-demand-market.html

Top Companies Operating in the Video on Demand Market:

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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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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