Press release
Digital Media Device Demand Fuels Video-On-Demand Market Growth: The Driving Engine Behind Video On Demand Market Evolution in 2025
Video On Demand
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Video On Demand Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The acceleration in the size of the video on demand market in recent years is quite significant. It is projected that its growth will continue from $129.66 billion in 2024 to $153.35 billion in 2025, with a compound annual growth rate (CAGR) of 18.3%. Factors such as the proliferation of the internet, the widespread use of smartphones and tablets, content licensing agreements, and shifts in consumer tastes can be credited for the growth seen in the historical period._x000D_
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Video On Demand Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
Anticipated to enlarge rapidly in the coming years, the size of the video on demand market is projected to escalate to $287.03 billion by 2029 at a compound annual growth rate (CAGR) of 17.0%. The growth predicted during this period can be credited to a range of factors including global expansion, production of original content, the fusion of entertainment elements, partnerships, and package deals. Within the forecast period, expect to see predominant trends such as vertical integration, the global reach of content, interactive experiences with content, advertisement-supported models, and data-guided customization._x000D_
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https://www.thebusinessresearchcompany.com/report/video-on-demand-global-market-report_x000D_
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What Are the Drivers Transforming the Video On Demand Market?_x000D_
The video-on-demand market is set to experience significant growth due to the increasing demand for digital media devices. These devices, which include any tool that can record, process, transmit or showcase digital information, such as smartphones, tablets, and smart TVs, are in high demand due to increasingly prevalent consumer preferences for mobile entertainment and ready availability of digital content. These video-on-demand services provide a variety of digital programming, from films to original shows, promoting customer investment in digital media devices for easy access to preferred films and series on streaming platforms. In support of this trend, a ConsumerAffairs report showed that in September 2023, about 97% of all Americans had either a feature phone or smartphone in 2022. It predicts that by 2040, the number of American smartphone users will exceed 364 million. As such, this escalating demand for digital media gadgets fuels the growth of video-on-demand services._x000D_
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What Long-Term Trends Will Define the Future of the Video On Demand Market? _x000D_
Major businesses in the video-on-demand market are placing emphasis on AI-focused technological innovations like AI-driven streaming technology, to ensure seamless viewing experiences on various devices and under varying network conditions, thus improving user satisfaction and minimizing buffering problems. These AI-focused systems are incorporated in streaming platforms to improve content delivery, user interaction, and content suggestion. For example, in March 2024, Switzerland-based sports tech firm Sportradar AG introduced Sportradar 4Sight, a streaming technique powered by AI, aimed at revolutionizing how sports are presented. The technology integrates ultra-fast data into live streams, presenting a constant stream of involvement statistics appearing in real-time - from service speed and ball bounces to the number of shots in each rally. This technology is captivating for the upcoming generation of tennis enthusiasts who crave more immersive and tailored experiences._x000D_
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Which Segments in the Video On Demand Market Offer the Most Profit Potential?_x000D_
The video on demandmarket covered in this report is segmented - _x000D_
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1) By Component: Solutions, Services_x000D_
2) By Platform Type: Smartphones, Tablets/Laptops, Smart TVs, Other Platform Types_x000D_
3) By Business Model: Transactional Video on Demand, Subscription Video on Demand, Advertisement Video on Demand, Other Business Models,_x000D_
4) By End-Users: Media, Entertainment, and Gaming, Travel and Hospitality, Education, Other End-Users _x000D_
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Subsegments:_x000D_
1) By Solutions: Video Content Management, Video Streaming Solutions, Video Delivery Solutions, Video Encoding Solutions_x000D_
2) By Services: Cloud-Based Services, Subscription-Based Services, Advertising-Based Services, Pay-Per-View Services_x000D_
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Which Firms Dominate the Video On Demand Market by Market Share and Revenue in 2025?_x000D_
Major companies operating in the video on demand market are Netflix Inc., Paramount+, YouTube, Hulu, Disney+ Hotstar, Amazon Prime Video, Starz Inc., Apple TV+, Acorn TV, Max, Crunchyroll LLC, Vimeo Inc., Fandango Media LLC, Kaltura Inc., Tubi Inc., Mubi, MX Player, crac*kle Plus LLC, BritBox, Kanopy, Dacast Inc., ESPN Inc., Discovery Plus, Rakuten TV, ViacomCBS Inc_x000D_
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Which Regions Offer the Highest Growth Potential in the Video On Demand Market?_x000D_
North America was the largest region in the video on demand market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video on demand market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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