Video on Demand (VoD) Market is Estimated to Perceive Exponential Growth till 2030

Market Statsville Group (Part of Statsville Consulting Pvt. Ltd.)

Description
According to Market Statsville Group (MSG), the global video on demand (VoD) market size was $50.9 billion in 2021. The market is forecast to grow at a CAGR of 15.2% to reach $160.5 billion by 2030 Video on demand is becoming part of everyday viewing habits for everyone. It is actively used to distribute recorded streams of games like GTA, RDR, Dota, League of Legends, etc. Video providers typically offer various access options for users, such as a subscription to basic content and the ability to purchase additional premium viewing. Trends such as the growing adoption of mobile TV and multi-screen services for viewing content and the increasing penetration of smartphones are bringing ample opportunities to the VoD market.

The growing use of smartphones and Android TV is the main driving factor for the VoD market. The growing use of mobile phones and digital media consumption are driving the video on demand market. However, the increasing rate of online video piracy is restricting the VoD market. The quality of pirated content has increased dramatically with instant access to TV series, new movie releases, and live sports accessed on illegal streaming devices. Furthermore, the arrival of 5G brings new opportunities for the video-on-demand market. 5G networks will provide better video quality on mobile devices.

Request Sample Report Here:  https://www.marketstatsville.com/request-sample/video-on-demand-market

Defining the global video on demand (VoD) market

Video on Demand is a system for delivering video content that allows viewers to choose the right content (Video) and watch it at the right time on devices designed to play video.

Global Video on Demand (VoD) Market Dynamics
Drivers: Diversified Benefits Offered by Video-on-Demand Services
Video-on-demand services are a trend underscoring consumer behavior as people embrace online streaming services like never before. Video on demand offers several benefits compared to traditional television or streaming. It offers convenience, connectivity, low cost, and a wide variety of movies and TV shows. Users can watch videos at any convenient time and from any device connected to the Internet. VOD only requires a high-speed broadband Internet connection and a PC or mobile device. Provides great convenience to view tutorials, educational and entertainment content from virtually anywhere. Besides, Accessing movies and TV shows on demand over the Internet is only a fraction of the cost of the cable TV provider. Also, due to modern life and the hectic lifestyles of the working class population, a large number of people can watch videos on demand at their convenience as they are permanently accessible on the internet. Therefore, these advantages of video on demand services add their usage and facilitate the growth of the video on demand market.

Restrictions: Increasing rate of online video piracy consumption
The video on demand services industry is significantly affected by digital piracy. Piracy has skyrocketed along with OTT, reflecting a shift from risky and slow-to-download .mp4 files to free internet streaming. The quality of pirated content has increased dramatically with instant access to new TV series, movie premieres, and live sports accessed on illegal streaming devices. According to MUSO, a company that tracks the scale of digital piracy, there were approximately 190 billion visits to illegal piracy websites in 2018, of which 5.75 billion came from the UK and another 17.4 billion from the US. Nearly half of all visits to piracy websites were for TV shows, with almost one in five visitors to illicit sites looking for the latest movie. When measuring total web traffic to 14,000 of the largest piracy websites, 73% went to streaming sites, while only 17% went to torrent sites. Many of those most affected by piracy have little visibility into the damage being done, since it is impossible to measure it, unlike torrents, which leave a trail to follow in terms of the number of downloads. However, signal piracy and hardware piracy can be estimated at the household level, with 15% of households in Latin America participating in illegal pay TV services and 14% in Asia Pacific. 000 of the largest piracy websites, 73% were for streaming sites, while only 17% were for torrent sites. Many of those most affected by piracy have little visibility into the damage being done, since it is impossible to measure it, unlike torrents, which leave a trail to follow in terms of the number of downloads. However, signal piracy and hardware piracy can be estimated at the household level, with 15% of households in Latin America participating in illegal pay TV services and 14% in Asia Pacific. 000 of the largest piracy websites, 73% were for streaming sites, while only 17% were for torrent sites. Many of those most affected by piracy have little visibility into the damage being done, since it is impossible to measure it, unlike torrents, which leave a trail to follow in terms of the number of downloads. However, signal piracy and hardware piracy can be estimated at the household level, with 15% of households in Latin America participating in illegal pay TV services and 14% in Asia Pacific. unlike torrents, which leave a trail to follow in terms of number of downloads. However, signal piracy and hardware piracy can be estimated at the household level, with 15% of households in Latin America participating in illegal pay TV services and 14% in Asia Pacific. unlike torrents, which leave a trail to follow in terms of number of downloads. However, signal piracy and hardware piracy can be estimated at the household level, with 15% of households in Latin America participating in illegal pay TV services and 14% in Asia Pacific.

Scope of Global Video
on Demand (VoD) Market The study categorizes the Video on Demand (VoD) market on the basis of solution, monetization model, application and device on a regional and global level.

Direct Buy Report:  https://www.marketstatsville.com/buy-now/video-on-demand-market?opt=2950

By Solution Perspective (Sales, USDM, 2017-2030)
Pay TV
OTT Services
IPTV
By Monetization Model Perspective (Sales, USDM, 2017-2030)
Transaction
Based Subscription
Based Advertising Based
By Perspective App Growth (Sales, USDM, 2017-2030)
Media & Entertainment & Gaming
Education & Training
Live Events & Sport
Other Apps
Per Device Outlook (Sales, USDM, 2017-2030)
Laptop
Smartphone Smart
TV
Tablets
Outlook by region (sales, USD million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Break

Europe
Asia Pacific
Porcelain
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia and New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South
Africa North Africa
Rest of MEA
The segment of OTT services, by solution, had the largest market share
Based on the solution, the global video-on-demand (VoD) market is categorized into Pay TV, OTT services, and IPTV. In 2021, OTT services had the largest market share with 52.6% of the global video on demand market. Over-The-Top (OTT) is a term used to describe the distribution of content over the Internet. It’s a catch-all phrase that covers numerous services but has its roots in content delivery over the Internet. OTT services do not require commercial or technological partnerships with the entity that controls or maintains the infrastructure through which content is delivered to end users. OTT comprises the distribution of linear programming and non-linear VOD content. Smartphones, game consoles, tablets, computers, DVD or Blu-ray Disc players,

OTT video services are becoming a primary entertainment destination among growing Internet operators. With the rapid commodification of data and ongoing price wars, online video streaming is a more viable option available today. This has led to the foray of various global, local and independent platforms in the last year hoping to exploit this growth opportunity in the market. As operators streamline their operations with advertising revenue, they develop effective content and marketing approaches to reach the masses. Attention has shifted from urban youth to mass market and regional audiences through multilingual settings.

Asia Pacific represents the highest CAGR during the forecast period

Access Full Report Description, TOC, Figures Table, Chart, etc:  https://www.marketstatsville.com/table-of-content/video-on-demand-market

Based on regions, the global video on demand (VoD) market has been segmented into North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific is the fastest growing region, followed by North America in the video on demand market. In Asia Pacific, the increase in Internet penetration is the main driver of the growth of the video on demand (VoD) market. According to the International Telecommunications Union, more than 50% of all Internet users in the world live in Asia Pacific.

The increased penetration of smartphones in North America increases the use of video on demand (VoD) in the region. According to the Pew Research Center survey, more than 81% of the total adult population in the US owns a smartphone. Additionally, most of the content on OTT platforms in the global video-on-demand (VoD) market originates from the US, influencing the increased demand for the services in North America. According to the European Audiovisual Observatory report, more than 53% of the content on VoD platforms originates from the US.

Key Players of the Global Video on Demand (VoD)
Market The global video on demand market is being influenced by many regional players from countries like India, China, UK, South Korea, Malaysia, and others. In addition, the industry has experienced numerous activities related to market development such as new product launches, partnerships, and acquisitions in recent years. For example, in April 2018, Netflix collaborated with Tata Sky, a provider of direct broadcast satellite television in India. The partnership with Netflix helped Tata Sky subscribers receive world-class content on demand.

Report Request Description:  https://www.marketstatsville.com/video-on-demand-market

The main players in the market are:

netflix inc.
Amazon.com, Inc.
YouTube
HBO Home Entertainment Inc.
Apple Inc.
Cisco Systems, Inc.
Comcast Corporation.
VUDU Inc.
IndieFlix

Related Articles

Back to top button