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Video On Demand Market - Trends Analysis, Top Manufacturers, Shares, Growth Opportunities, Statistics and Forecast 2022-2027
Allied Market Research
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Rise in the adoption of mobile devices for watching online content, and numerous benefits provided by video on demand platforms such as convenience, connectivity, cost, variety, personalized content, and others drives the growth of this video on demand market. In addition, extensive growth of online video in developing economies such as India, China further fuels the growth of the market.
However, piracy, illegal downloading, country specific rules and regulations are some of the factors which can hinder the growth of the market. Furthermore, rise in the adoption of mobile TV and multi-screen services for content viewing, and growing online users across the globe provides numerous opportunities for the video on demand market.
Video on demand is currently being delivered by streaming service providers where the customer would able to choose videos that are included in the catalog and watch them wherever and as often the customer want. In addition to this, the video on demand does not have any contractual obligations and it helps the customer feel free.
Moreover, with the video on demand, the customer have choices of different subscription and those multiple subscription is still less than the traditional one which makes the customer value for money and thus making it as a key driving factor for the growth of this video on demand market.
Access full summary at: https://www.alliedmarketresearch.com/video-on-demand-market
Vendors operating in the market are constantly looking for innovative and technologically advanced ways to deliver high-quality entertainment to movie and TV fans on video on demand platforms which is opportunistic for the video on demand market.
For instance, in September 2019 Fandango Now which is a transactional video on-demand service has launched an app for the Oculus Go and Quest with virtual reality headsets. It will provide access to hundreds of 3D titles along with more than 90,000 new release and catalog movies and next-day TV shows.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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