Press release
Video on Demand Market Healthy with Impressive Rate of Adoption
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.
Obtain Report Details @
http://www.transparencymarketresearch.com/video-on-demand-market.html
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.
This 146-page report gives readers a comprehensive overview of the Video on Demand Market. Browse to unlock the hidden opportunities in this market
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11831
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.
About Us
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. We have an experienced team of Analysts, Researchers, and Consultants, who us e 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.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
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 Healthy with Impressive Rate of Adoption here
News-ID: 634858 • Views: …
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during…
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the…
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016.
The global dental membrane and bone graft substitutes market is expected to…
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period.
By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment…
More Releases for VoD
Video on Demand (VOD): Revolutionizing Entertainment
Video on Demand (VOD) has transformed the way people consume entertainment, offering instant access to a vast library of content anytime and anywhere. This article delves into the world of VOD, discussing its market size, share, evolution, trends, and the key factors driving its growth.
Introduction
Video on Demand (VOD) is a content distribution system that allows viewers to access video content, including movies, TV shows, and original productions, at their convenience.…
Video on Demand (VOD) Market
Introduction
The Video on Demand (VOD) market has rapidly transformed the way audiences consume media content. Traditional television is being replaced by a more flexible, user-centric model where viewers have control over what they watch, when they watch it, and on which device. This shift has led to the exponential growth of the VOD market, making it a significant sector within the global entertainment industry. This guest post explores the VOD…
VOD Platform for Online Concert and Performance | ILLUON
Enjoy a variety of online live concerts and performances on the ILLUON VOD platform. Begin streaming the world of entertainment like never before. Anytime and anywhere.
It allows users to watch their favorite movies, TV series, and unique content with only an online connection. Users can access a wide library of content suited to their preferences without leaving their homes.
The benefits of ILLUON as a VOD platform for online concerts and…
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…
