Market Insights

As per recent research by MarkNtel Advisors, 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.

Global Video on Demand Market Driver:

Digitalization & Compatibility with Streaming Platform Are Driving the Market Growth – The increasing digitization & improved internet connectivity have led to a surge in the adoption of various gadgets like smartphones, tablets, smart televisions, and more, driving the Video on Demand Market. The compatibility of various streaming services, such as Netflix, Amazon Prime Video, and Disney Hotstar, with a wide range of digital devices has encouraged consumers to access video content of their choice.

Additionally, service providers offering faster download & streaming capabilities, owing to high-speed networks, are contributing to the expansion of the market. Technological advancements in smartphones, along with the addition of numerous features, have replaced desktops & traditional televisions as the primary means of consuming media. This shift in consumer behavior is further boosting the demand for streaming video content on portable devices, hence enhancing the market size.

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Market Segmentation and Consumer Behavior:

By Type

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

By Application

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

By Platform

  • Smartphones & tablets
  • Laptop & PCs
  • Smart TV

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Video on Demand Market Geographical Analysis:

By Region:

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

Key Players and Competitive Strategies in the Video on Demand Market

Several prominent players dominate the Video on Demand Market, including:

  • 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

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Questions Addressed in this Study

1.What factors are driving the Video on Demand Market growth?

2.How is the Video on Demand Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Video on Demand Market?

4.What is the current size of the Video on Demand Market, and how is it projected to change in the future?

5.What is the future outlook for the Video on Demand Market in terms of technological advancements and market expansion?

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