Video on Demand Market

Global Video on Demand Market Hits USD 87.1 Billion in 2023, Aims for 17.67% CAGR Advancement by 2030 | Latest Analysis

Latest Market Study report by MarkNtel Advisors: Leading market research company, Title “Global Video on Demand Market- 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])” and other forecast 2024-30”.

This detailed report provides a thorough look at the industry, covering key aspects like the Video on Demand Market Size, its growth in share, development, and the top companies involved. It examines what’s driving the market, using historical, current, and projected data, as well as emerging trends, technology updates, important insights, recent developments, potential limitations, and other factors that will influence the industry’s direction in the future.

How Big is the Video on Demand Industry?

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.

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Factors Influencing the Growth of the 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.

Name of Leading Video on Demand Companies in the Global 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

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Segmentation Summary – Video on Demand Market

The breakdown of the Video on Demand market into different segments provides a quick overview. It helps businesses understand what customers prefer and where they are located. By dividing the market into smaller groups based on purchasing habits and geography, companies can improve their business strategies. This summary offers a straightforward guide to better understanding the 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

Geographically Insight: Global Video on Demand Market

Geographically, the Video on Demand Market expands across:

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

North America held the largest share in the Video on Demand Market, mainly due to the significant presence of key players such as Netflix, Amazon, Apple Inc., and others within the region. These companies have been actively developing advanced Video on Demand (VoD) services for consumers. Furthermore, the region’s diversity and the substantial investments made by industry leaders in adopting advanced technologies like cloud computing and artificial intelligence have enhanced the market’s value.

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Frequently Asking Question: Global Video on Demand Market

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