Video on Demand Market’s Resilient Growth at 17.67% CAGR Forecasted till 2030

By
Ravi Patel
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0
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Video on Demand Market

Market Overview: Global Video on Demand Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Video on Demand Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Video on Demand Market Insights 2024-30

The Global Video on Demand Market size is valued at nearly USD 87.1 billion in 2023 and is estimated to grow at a CAGR of around 17.67% during the forecast period, i.e., 2024-30.

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Top Players in the Video on Demand Market:

  • Amazon Inc.
  • Apple Inc.
  • Netflix
  • Hulu LLC.
  • Comcast network
  • Indeflix
  • HBO Home Entertainment Inc.
  • Vudu Inc.
  • Alphabet Inc.
  • Vubiquity Inc
  • Joinyn Gmbh
  • AT & T Inc Corporation
  • Google LLC
  • Xumo
  • Vimeo Live
  • Others

Segmentation Analysis of Video on Demand Market

Video on Demand Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Type:

  • Subscription Video On Demand (SVOD)
  • Advertising Video On Demand (AVOD)
  • Transactional Video On Demand (TVOD)

The Subscription Video On Demand (SVOD) segment is projected to dominate the Video On Demand Market, primarily due to the increasing viewer interest, leading to a growing number of subscribers opting for Over-The-Top (OTT) platforms. Within this business model, users pay a subscription fee to gain access to all available content on the video streaming platform. Hence, the production of exclusive & compelling content by OTT platforms has led to a surge in subscription rates as viewers seek to keep up with trending shows & movies while enjoying the existing content, thus contributing to the industry’s growth.

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-By Application

  • Sports
  • Music
  • TV Entertainment
  • Movies
  • Education
  • Other (Kid content)

-By Platform

  • Smartphones & tablets
  • Laptop & PCs
  • Smart TV

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America held the largest share in the Video on Demand Market, mainly due to the significant presence of key players such as Netflix, Amazon, Apple Inc., and others within the region. These companies have been actively developing advanced Video on Demand (VoD) services for consumers. Furthermore, the region’s diversity and the substantial investments made by industry leaders in adopting advanced technologies like cloud computing and artificial intelligence have enhanced the market’s value.

This increasing production of content across various genres, including entertainment, sports, and TV commerce, along with collaborative efforts among content producers, have further fueled the North America Video on Demand Market expansion.

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