SVod Market Statistics: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

SVod Market Statistics 2028
The global SVOD market size is projected to reach US$ 115,153.76 million by 2028, from US$ 62,812.48 million in 2021, at a CAGR of 9.16% during 2022-2028.The SVOD market has seen a lot of growth during the COVID-19 period. The COVID-19 epidemic has caused users to stay at home for longer, and the demand for online video, smartphones, movies and TV has increased, and the number of users has reached new heights. Subscription video on demand(SVOD) is a monthly flat-rate service that provides consumers unrestricted access to a large choice of programming. Key drivers of the svod market include the growing penetration of mobile broadband services and the popularity of live streaming programs. internet connections, affordability, and the benefit of high-quality entertainment available on-demand anytime anywhere without any schedule on the user's television.

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Other factors contributing to the growth of the svod market are the rising popularity of Over-The-Top streaming platforms and growth in audiences seeking tailored content.
Moreover, the rapid increase in technological advancements leading to faster streaming data quality and the gradual foraying of OTT giants like Netflix into the online gaming space is expected to propel the growth of the market in the coming year. Also shifting consumer preferences from ownership of content to access to content anytime, anywhere, and on any device will also provide huge scope for the growth of the market.

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market players analyzed in the SVoD market report include:
• Hulu
• Globo Play
• Claro Video
• Crackle

SVod Market By Type
• TV
• Fixed broadband
• Smartphone
• Tablet

SVod Market By Application
• Entertainment
• Commercial
• Others

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