Video on Demand Market Growth Drivers, and Competitive Landscape

According to the latest market research report title “Video on Demand Market 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)--Forecast to 2030″, published 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.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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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.

Video on Demand Market Segmentation

The Video on Demand Market is highly robust and fragmented into numerous segments;

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

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Key Players Operating 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

Key Questions Answered:

What is the projected CAGR of the Video on Demand Market during the forecast period?
Which segment is expected to lead the Video on Demand Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.