Video on Demand Market In-Depth Outlook Size, Share & Major Stakeholders

December 26, 2024 akio01

How Big is the Video on Demand Market?

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 market’s growth can be attributed to the rising adoption of smart devices & gadgets, the continuous improvement in internet services, and the increasing demand for subscription-based platforms to access a wide range of content, including series, shows, documentaries, movies, and more. The growing affordability of streaming devices like smartphones, along with convenient access to streaming platforms from anywhere, is contributing to the industry’s expansion.

Market Statistics

Market Size in 2023: USD 87.1 billion
Market Growth Rate (CAGR): 17.67% from 2024-2030

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Video on Demand Market Insight:

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 report has segmented the market into the following categories:

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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Competitive Landscape:

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.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

Market Performance (2024-2030)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

Other Report:

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