Video on Demand Market:
Growth opportunities in the Video on Demand Market look promising over the next six years. This is mainly due to the significant properties like improved quantifiability and ability to allow time-changing view and the growing propensity of individuals towards online streaming.
Video on Demand Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major drivers stimulating the growth of the global video on demand (VoD) market include the changing preference of users from television to online streaming as it proffers the users to view content according to their comfort and the enlargement in mobile computing devices. Also, the accelerating penetration of the internet’s better speed connectivity in emerging countries and the augmented acquisition of smartphones and tablets will further strengthen the market size. Moreover, the enormous notable features imparted by the VoD which include enhanced scalability, capability to allow time-shifting view, and to outreach, the viewers on different devices while providing them a better experience. Moreover, the development of subscription video-on-demand model established by the amalgamation between the film studios and local producers across several regions accompanied by the technological expansions in the video on demand market such as the implementation of artificial intelligence and analytics for recognizing the choice and reaction of the viewers will bring out numerous growth opportunities. However, as per the video on demand market analysis, the immense cost of designing video content, high-frequency requirements, and the absence of offline accessibility property will restrain the market growth.
Monetization Model Segment Drivers
Based on the monetization model, Subscription-Based is projected to expand at a faster compound annual growth rate over the forecast period. This is primarily attributed to the immense implementation of this model as it allows the elevation of various options to the users related to the pricing of their content. The availability of video content for entertainment such as drama series, movies also results in increasing inclination of such model among the users.
Regional Drivers
Based on the regional coverage, Asia-Pacific is expected to witness a higher CAGR during the forecast period. This is because of their mounting demand led by the prevalence of varied users comprehending different content and consumption patterns. Moreover, the increasing spread of the internet and the fuelling acceptance of smartphones and tablets are some other factors driving the video on demand market share.
Video on Demand Market’s leading Manufacturers:
- Google LLC
- Apple
- Youtube
- Cisco
- Indieflix
- Netflix
- Amazon
- Hulu
- HBO
- Vudu
Video on Demand Market Segmentation:
Segmentation by Component
- Services
- Solutions
- Over-The-Top Services
- Pay-TV
- Cable TV
- Direct to Home
- Internet Protocol Television
Segmentation by Monetization Model
- Subscription-Based
- Transaction-Based
- Advertising-Based
- Others
Segmentation by Industry Vertical
- Travel & Hospitality
- Media, Entertainment & Gaming
- Education
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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