Video on Demand Market Exceeds USD 87.1 Billion in 2023, Projected to Surge with 17.67% CAGR by 2030

MarkNtel Advisors who is leading market research company, has recently published a research report, titled “Global Video On Demand Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2024-30. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

For a better understanding to download a free sample PDF of this study – https://www.marknteladvisors.com/query/request-sample/video-on-demand-market.html

Market Study Period

Historical Data: 2019-22

Base Year: 2023

Forecast Period: 2024-30

CAGR (2024-2030): 17.67%

Global Video on Demand Market Insights:

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. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Global Video on Demand Market Drivers: 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.

Which segments are covered in the Video On Demand Market Research Report?

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

Top 10 Key Brands/Players in the Video On Demand Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  • 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

Frequently Asked Questions

  1. Which companies dominate the Video On Demand Market in terms of market share?
  2. What is the projected market size of Video On Demand Market in 2030?
  3. What key factor is anticipated to propel the Video On Demand Market by 2030?
  4. How big is the Video On Demand Market?

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