Press release
Video on Demand Market Global Size, Outlook, Geographical Segmentation, Business Challenges and Opportunities till 2026
Video on Demand Market
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Top Key Players Mentioned:
Amazon Inc.
Hulu LLC
Verizon Communication LLC
Apple Inc.
Netflix Inc.
Ericsson Television
YouTube
Comcast Corp
Hotstar
Canalplay
Additionally, the market in North America was worth US$ 16.2 Bn in 2017. North America also held the highest share in the global market in 2018 and is forecast to witness impressive growth through the course of the forecast period 2018-2025. The increasing demand for video-on-demand services in the region, coupled with the presence of a high number of service providers are expected to facilitate expansion of the market.
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Besides this, the market in Asia Pacific holds a lot of potential and is projected to expand at a relatively high CAGR over the forecast period. The increasing adoption of smart TV, smartphones, and others are likely to fuel the demand for video on demand services in the region, thus aiding its expansion in the Asia Pacific.
The report also classifies the global market in various segments. In terms of technology, subscription video on demand (SVOD) held the highest share in the global market in 2017. The segment is expected to expand at a CAGR of 8% during the forecast period. The growth witnessed in this segment is attributable to SVOD’s distinct features such as unlimited content access, minimal or no advertisements, and others.
Netflix and Tata Sky Collaborated to Cater to Indian Market
One of the key factors anticipated to drive the global market is the increasing user-base of various online platforms and cheaper data plans. Additionally, collaboration among video on demand service providers is also anticipated to propel the demand in the global market. For instance, Netflix collaborated with Tata Sky (an Indian DTH service provider) to cater to the market for video on demand in India. Owing to the collaboration Tata Sky subscriber can receive worldwide quality content on demand. Such collaborations are expected to bode well for the market and help service providers capitalize on untapped opportunities.
“Governments initiated awareness programs encouraging Internet penetration in undeveloped nations of Africa, Latin America, and others are likely to fuel the demand for video on demand service,” said a lead analyst at Fortune Business Insights™.
The growing demand for instant satisfaction of entertainment needs among customers will act as a dominant force boosting the global market.
However, higher data tariff prices and lack of awareness about video on demand’s existence are major factors that may hamper the growth in the global market.
Increasing Inflow of Market Players to Boost the Market
Netflix and Amazon Prime are among the leading players in the global market. Besides these, other organizations operating in the global video on demand market are Hulu LLC, Verizon Communication LLC, Apple Inc., Telefonaktiebolaget LM Ericsson (Ericsson Television), YouTube, Comcast Corp, Hotstar and Canalplay.
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Major Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Global Market Overview
Macro and Micro Economic Indicators
Emerging Market Trends
Industry SWOT Analysis
Global Market Analysis, Insights and Forecast, 2014-2025
Definitions
Key Findings / Summary
Market Analysis, Insights and Forecast – By Technology
SVOD
TVOD
AVOD
Market Analysis, Insights and Forecast – By Content Type
Sports
Music
TV Entertainment
Kids
Movies
Others
Market Analysis, Insights and Forecast – By Geography
TOC Continued…!
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Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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