The global video on demand market is likely to expand in the coming
years with impetus from advancements in mobile networks. According to a report
by Fortune Business titled “Video On
Demand Market Size, Share and Global Trend by Technology (SVOD, TVOD, AVOD),
Content Type (Sports, Music, TV Entertainment, Kids, Movies), and Geography
Forecast till 2025,” the market was valued at US$ 43.9 Bn in 2017. Fortune Business Insights has predicted that
the market will reach US$ 87.1 Bn by 2025 and is likely to exhibit a CAGR of 9%
during the forecast period.
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Growing Internet Penetration to Enable Growth
The growing use of internet in all parts of the world has contributed
massively to the global video on demand (VoD) market. The demand for high
quality internet services through mobile networks or wired lines has resulted
due to various online facilities and availability of streaming. The
availability of wide bandwidth and fast paced internet services has led to the
rising uptake of video on demand services. The adoption of multiscreen services
for content streaming and an increasing uptake of smartphones will aid the
growth of the global video on demand market and will boost the market in the
coming years.
Flipkart set to Launch VoD Service in India
Walmart’s latest acquisition of Flipkart will contribute to the business
expansion of the company in the coming years. Influenced by Amazon’s success in
video on demand services such as Amazon Prime, Flipkart plans to launch its on
video on demand services in India. The global VoD market can benefit hugely
from contribution through renowned companies such as Flipkart and Amazon.
Additionally, worldwide streaming websites such as Netflix will add to the
growth of the global video on demand services market in the coming years.
North America Holds Majority of the Market Share
As of 2018, North America held majority of the share of the global VoD
market. Increasing number of VoD service providers resulting primarily from the
huge demand for video on demand services. Furthermore, high quality video
content including sports, entertainment, and commercial TV has added to the
demand of video on demand services. Content creators are collaborating with
video on demand service providers to promote their data. The aforementioned
factors have led to the growth of the video on demand market in North America.
Read more in this Press Release:
Rising uptake of pay-per-view programs and movies has added to the growth of
the video on demand services market in Asia Pacific. Furthermore, increasing
number of smartphone users as well as smart devices such as tablets and other
consoles have led to the growing adoption of video on demand services in Asia
Pacific. Fortune Business Insights has predicted that the video on demand
market in Asia Pacific will exhibit the highest CAGR during the forecast
period.
In this report, Fortune Business Insights includes a brief analysis on
the leading companies in the global VoD market. The report gauges the impact of
the attractive business strategies that these companies have adopted, on the
global market. Some of the leading companies that are operating in the global
video on demand market are Youtube LLC, Netflix Inc., Hulu LLC, Amazon Prime
Video, and Apple Inc.
Get more details here:
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