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Video On Demand Market 2022 | Growing Smartphone Penetration

09-02-2022 01:45 PM CET | IT, New Media & Software

Press release from: Precision Business Insights

Video On Demand Market 2022 | Growing Smartphone Penetration

The global video-on-demand market size is expected to be valued at USD 42.3 billion in 2022 and grow at a CAGR of 16.2% over the forecast period. On-Demand (also referred to as Video on demand or video on demand) allows the viewer to watch the selected movie or TV content whenever at his or her schedule's convenience. With On-Demand, viewers can pause, play, fast-forward, rewind, and re-watch the show On-Demand as much as they would like. A TV service provider typically selects the shows available for On-Demand viewing, in addition to the dates that the shows are available to be viewed, helping in the growth of global market.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/video-on-demand-market/

Pay TV Accounted for Higher Revenue Share in Global Video On Demand Market:
Based on solution type, global Video On Demand market is segmented into IPTV, OTT Services, Pay TV. Pay Tv is accounted for higher revenue. A service providing noncommercial television programming (such as recent movies and entertainment specials) by means of a scrambled signal to subscribers who are provided with a decoder called also pay television. Pay TV business models that allow consumers to subscribe to television content. Pay TV, which is generally more expensive, typically bundles content and requires the user to lease a proprietary coaxial cable or satellite dish network set-top box

North America leads the Global video on demand Market:
Based on regional analysis, global video on demand market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global video on demand market contributed the largest share in 2021. According to Consumer Technology Association (CTA), 'U.S. Consumer Technology Sales and Forecast' study, 5G-enabled smartphone devices will reach 2.1 million units and cross USD 1.9 billion in revenue, with triple-digit increases through 2021. All these substantially boost the global market.

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
The global video on demand market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In April 2020, Netflix gained 15.8 million new subscribers in the first quarter of 2020 compared to 7 million new subscribers in the first quarter of 2019. In November 2019, Disney+ had launched its digital streaming service in Canada and has been highly successful in signing up nearly two million subscribers by the end of 2019, which is implying the massive growth opportunity within the North American region.

Request Methodology: https://precisionbusinessinsights.com/request-methodology?product_id=58530

The global video-on-demand market segmented on the basis of solution, monetization, device, application and region:
By Solution
• IPTV
• OTT Services
• Pay TV

By Monetization
• Model Advertising-based
• Subscription-based
• Transaction-based
• Others

By Device
• Laptop/Computer
• Smart TV
• Smartphone
• Tablets

By Application
• Education & Training
• Live Events & Sports
• Media
• Entertainment & Gaming
• Others

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=58530

Key player's profiles in the global video on demand market are: Amazon.com, Inc., Apple, Inc., Comcast Corporation, Facebook, Inc., Google LLC, Home Box Office, Inc., Microsoft Corporation, Netflix, Inc., Rakuten, Inc., Sony Corporation, The British Broadcasting Corporation, The Walt Disney Company (Hulu, Hotstar), Viacom CBS and Zee Media Corporation (Essel Group).

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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