Video on Demand Market (Business Model - Transactional Video on Demand, Subscription Video on Demand, Advertisement Video on Demand, Hybrid (SVoD & AVoD) Outlook 2024
Video on demand (VoD) services are transforming the traditional television landscape by offering unique features such as high quality and exclusive video content on demand through broadband and mobile networks.
The VoD market is mainly driven by factors such as increasing internet-based consumer spending and the growing adoption of mobile devices to watch online videos. The surge in high-speed data networks has enabled VoD service providers to deliver faster streaming and downloading services to users. The demand for personalized as well as regional content viewing is also supplementing the growth of the video on demand market.
The global VoD market accounted for US$33.32 bn in 2015 and is expected to expand at a CAGR of 9.3% from 2016 to 2024 to reach US$73.90 bn by the end of the forecast period.
Get More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11831
Growing Trend of Binge-watching Drives Demand for VoD
Based on content, video on demand can be segmented into sports, entertainment, education and information, and TV commerce. Entertainment is expected to emerge as the most rapidly growing content segment in the global video on demand market, with a CAGR of 9.5% over the course of the forecast period. The growing production of entertainment content such as movies, TV shows, and music by studios, record labels, and producers is mainly contributing to the growth of the segment.
The TV commerce segment accounted for a share of 24% in the global video on demand market in 2015. The increase in offerings of entire television series by video on demand service providers in keeping with the binge-watching trend has led to significant growth of this segment.
The sports segment is anticipated to witness increased demand for on-demand services due to the rise in premium sports events. Furthermore, the increasing viewership of high quality and live content is expected to increase the share of the sports content segment in the global market.
Surge in Volume of Subscribers Makes North America Leading Market for VoD Services
North America held the leading share of around 40% in the global video on demand market in 2015. The rising adoption of multiple business models such as transactional video on demand (TVoD), subscription video on demand (SVoD), and hybrid (SVoD + AVoD) by viewers is a prime factor driving the demand for video on demand services in North America. In addition, the volume of subscribers for on-demand services has increased due to a wide range of premium and exclusive content offered by on-demand service providers. The rising content production in the entertainment and TV commerce segments has also supplemented the overall growth of video on demand in the region.
Asia Pacific is anticipated to expand at a significant pace during the forecast period, registering a projected CAGR of 9.7% from 2016 to 2024. This is the result of increasing investments in the development of mobile broadband and high-speed networks. In addition, the increasing usage of connected devices such as smartphones, tablets, and smart TVs has driven the demand for VoD services in the region. The growing viewership of sports content is also expected to boost the video on demand market in Asia Pacific.
Europe held a share of around 30% in 2015 and is anticipated to expand at a healthy growth rate during the forecast period. This is primarily due to the rising presence of video on demand service providers in the region. Regional video on demand service providers hold a strong foothold in the market due to a wide range of content being offered in regional languages.
The major players in VoD market include Amazon.com, Inc., Home Box Office, Inc., Hulu LLC, iTunes (Apple, Inc.), Netflix, Inc., Telefonaktiebolaget LM Ericsson (Ericsson Television), Verizon Communication, LLC, YouTube, LLC, maxdome GmbH, and Canalplay.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Video on Demand Market (Business Model - Transactional Video on Demand, Subscription Video on Demand, Advertisement Video on Demand, Hybrid (SVoD & AVoD) Outlook 2024 here
News-ID: 405230 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,
More Releases for VoD
Introducing Video on Demand (VOD) platform provider - Flicknexs
Flicknexs, the powerful Video streaming platform provider, builds video on demand (VOD) platforms for content creators, publishers, broadcasters, media professionals, and other businesses. Flicknexs is a White Label Video platform provider that builds an independent video-on-demand streaming platform to deliver video content across all devices and platforms. It offers white-label video streaming where the platform owner can include the brand name and logo on the website and video player. Flicknexs
Global Video on Demand (Vod) Service Market Growth, Demand and Size Analysis by …
The versatile research report released by IndustryAndResearch On "𝐆𝐥𝐨𝐛𝐚𝐥 𝐕𝐢𝐝𝐞𝐨 𝐨𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 (𝐕𝐨𝐝) 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭" with expand 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. This industry analysis report aims to offer readers with precise data related to each and aspect related to the market. The
Video on Demand (VoD) Service Market Key Players Netflix, Apple Inc., Comcast Co …
According to the latest market report published by Future Market Insights, titled ‘Video on Demand (VoD) Service Market - Global Industry Analysis and Opportunity Assessment, 2016 - 2026’, the global Video on Demand service market was valued at US$ 45,034.3 Mn in 2014 and is expected to expand at a CAGR of 8.3% over the forecast period (2016-2026). Surge in market growth of VoD service is primarily driven by changing
Video on Demand (VoD) Service Market Size, Trends, Technological Growth Analysis …
Video on Demand (VoD) Service Market 2018 Global Industry research report presents an in-depth analysis of the Video on Demand (VoD) Service including market size, trends, growth, shares, cost structure and forecast. This report also includes market revenue, manufactures, production, consumption and product segmentation. Get Sample Copy of this Report – https://www.orianresearch.com/request-sample/499827 The Global Video on Demand (VoD) Service market 2018 research provides a basic overview of the industry including definitions,
Global Video on Demand (VoD) Service Market-Key Manufacturers:Netflix, Apple Inc …
This research report delivers detailed analysis of Video on Demand (VoD) Service Market and future prospects of this Industry. The critical and significant data in the study makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis by the industry professionals. The research is attached with substantial information in the form of graphs and tables to understand important market trends, drivers and challenges. Get
Forecast and Analysis on VOD Market by MarketResearchReports.biz
MarketResearchReports.Biz adds “Global VOD Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the VOD and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were