Video on Demand Market on Track for 17.67% CAGR Growth | Demand & Technological Trends

MarkNtel Advisors recently published a detailed industry analysis of the Global Video on Demand Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Video on Demand Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 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.

Key Findings in Global Video on Demand Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- 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

What are the major Driver the Global Video on Demand industry?

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.

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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What segments define the Global Video on Demand Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Type

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

According to report, 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

By Application

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

By Platform

• Smartphones & tablets
• Laptop & PCs
• Smart TV

According to report, Smartphones hold the maximum share of the Global Video on Demand (VoD) Market.

Explore the Complete Global Video on Demand Market Analysis Report – https://www.marknteladvisors.com/research-library/video-on-demand-market.html

Geographical Analysis: Global Video on Demand Market

 By Region

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

Global Video on Demand Market Recent Development:

• 2022, Muvi LLC partnered with Datasry to present an integrated streaming solution at the Broadcast India Show.
• 2022: Walt Disney announced its plans to launch an ad-supported video (AVOD) service as part of its strategy to achieve its goal of surpassing 230 million subscribers by 2024.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Video on Demand Market?
• How is the Global Video on Demand Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/video-on-demand-market.html

Why 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 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.

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