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TheVideo On Demand Marketis forecast to gain from rapid penetration of the Internet in undeveloped nations. Fortune Business Insights has recently published a report which offers an executive-level blueprint of the market. The report has pegged the overall value of the global video on demand market stood atUS$ 43.9 Bn in 2017. However, progressing at a CAGR of 9% the market is expected to reach a valuation ofUS$ 87.1 Bn by the end of 2025.
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Additionally, the video on demand market in North America was worth US$ 16.2 Bn in 2017. North America also held the highest share in the global video on demand market in 2018 and is forecast to witness impressive growth through the course of thefore cast period 2018-2025. The increasing demand for video on demand services in the region, coupled with the presence of a high number of service providers are expected to facilitate the expansion of the market.
Top Key Players:
Increasing Inflow of Market Players to Boost the Market
Netflix and Amazon Prime are among the leading players in global video on demand market. Besides these, other organizations operating in the global video on demand market are Hulu LLC, Verizon Communication LLC, Apple Inc., Telefonaktiebolaget LM Ericsson (Ericsson Television), YouTube, Comcast Corp, Hotstar and Canalplay.
Major Table of Content:
1.3.Research Methodology and Assumptions
2. Executive Summary
3. Market Dynamics
4. Key Insights
4.1. GlobalMarket Overview
4.2. Macro and Micro Economic Indicators
4.3.Emerging Market Trends
4.4.Industry SWOT Analysis
5. Global Video On Demand Market Analysis, Insights and Forecast, 2014-2025
5.2. Key Findings / Summary
5.3.Market Analysis, Insights and Forecast By Technology
5.4.Market Analysis, Insights and Forecast By Content Type
5.5.Market Analysis, Insights and Forecast By Geography
Besides this, the video on demand market in Asia Pacific holds a lot of potential and is projected to expand at a relatively high CAGR over the forecast period. The increasing adoption of smart TV, smartphones, and others is likely to fuel the demand for video on demand services in the region, thus aiding its expansion in Asia Pacific.
The report also classifies the global video on demand market in various segments. In terms of technology, subscription video on demand (SVOD) held the highest share in the global market in 2017. The segment is expected to expand at a CAGR of 8% during the forecast period. The growth witnessed in this segment is attributable to SVOD’s distinct features such as unlimited content access, minimal or no advertisements, and others.
Netflix and Tata Sky Collaborated to Cater India Video on Demand Market
One of the key factors anticipated to drive the global video on demand market is the increasing user-base of various online platforms and cheaper data plans. Additionally, collaboration among video on demand service providers is also anticipated to propel the demand in the global video on demand market. For instance, Netflix collaborated with TataSky (an Indian DTH service provider) to cater the market for video on demand in India. Owing to the collaboration Tata Sky subscriber can receive worldwide quality content on demand. Such collaborations are expected to bode well for the market and help video on demand service providers capitalize on untapped opportunities.
“Governments initiated awareness programsencouragingInternet penetration in undeveloped nations of Africa, Latin America, and others are likely to fuel the demand for video on demand service,” said a lead analyst at Fortune Business Insights.
The growing demand for instant satisfaction of entertainment needs among customer will act as a dominant force boosting the global video on demand market.
However, higher data tariff prices and lack of awareness about video on demand’s existence are major factors that may hamper the growth in the global video on demand market.
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Name: Ashwin Arora
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Video on Demand Market 2019 – Key Leaders, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2026