Video on Demand (VOD) Market Key Strategies, Upcoming Trends and Regional Forecast

Global video on demand (VOD) market was valued at USD 54.16 billion in 2021 and is expected to reach USD 203.60 billion by 2029, registering a CAGR of 18.00% during the forecast period of 2022-2029.

Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Video on Demand (VOD) report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Video on Demand (VOD) market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.

Utilizing cutting-edge tools and techniques, this Video on Demand (VOD) market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The Video on Demand (VOD) market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Video on Demand (VOD) industry, thereby guiding them on the right path.

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Key Growth Drivers:

  • Burgeoning Use of Smart Devices and Rising Mobile Data Subscriptions

It is now easier for people to watch media content because to the rise in popularity of smart devices like tablets, smartphones and laptops as well as consumer demand for having access to a wide range of exciting entertainment alternatives whenever and wherever they choose. Furthermore, as a result of rising affordability, the availability of high-speed internet connections, and the rise in utilization of these connections and services, the market for video on demand is expanding globally. Additional key factors anticipated to fuel the global video on demand market over the forecast period include rising mobile data subscriptions, greater use of high-speed data networks, and the introduction of cutting-edge capabilities in smartphones and tablets.

  • Mounting Popularity of Video on Demand Platforms

Streaming service providers today offer video on demand, which enables customers to select videos from the catalogue and watch them whenever and as frequently as they prefer. Additionally, the users can feel free as there are no such contractual responsibilities with video on demand. Moreover, customers who choose video on demand have access to a variety of subscription options. Each option is still less expensive than a regular subscription, giving them more value for their money and acting as a major driver of the market's expansion.

Furthermore, the factors such as prevalence of flexibility and ease of use, which offer seamless customer experiences will accelerate the overall market expansion during the forecast period. Additionally, the growing popularity of local players and movie studios, and the high preference for online streaming services over conventional is anticipated to drive the growth rate of the video on demand (VOD) market. The rise in live streaming of various events to prevent large crowds will further positively impact the market's growth rate during the forecast period.

The report emphasizes the participation of key entities, notably:

Some of the major players operating in the video on demand (VOD) market are

  • Netflix (U.S.)
  • Amazon Inc., (U.S.)
  • Google Inc., (U.S.)
  • Akamai Technologies (U.S.)
  • YouTube (U.S.)
  • Apple Inc., (U.S.)
  • Home Box Office, Inc.  (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Roku Inc., (U.S.)
  • iNDIEFLIX Group Inc (U.S.)
  • Fandango (U.S.)
  • Hulu, LLC (U.S.)
  • Comcast (U.S.)
  • Huawei Technologies Co., Ltd. (China)
  • Fujitsu (Japan)
  • CenturyLink (U.S.)
  • Muvi LLC (U.S.)
  • Vubiquity, inc. (U.S.)

Report Scope:

  1. Analysis of market trends influencing the global beverage stabilizers market's growth.
  2. Examination of trends within key regional and country-level markets based on type, function, and application.
  3. Providing a comprehensive overview of the Video on Demand (VOD) market.
  4. Evaluation of historical, current, and projected market sizes in terms of volume and value.
  5. Offering a neutral perspective on market performance.
  6. Essential information for market players seeking to maintain and expand their market presence.

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Key Market Segmentation

Component (Solutions, Services), Delivery Technology (Near Video on Demand (NVOD), Subscription Video on Demand (SVOD), Transactional Video on Demand (TVOD), Others), Application (Entertainment, Education and Training, Network Video Kiosks, Online Commerce, Digital Libraries, Others), Industry Vertical (Healthcare, Manufacturing, Academia and Government, Consumer Goods and Retail, Hospitality and Tourism, Telecommunications and IT, Media and Entertainment, Transport and Logistics, Banking, Financial Services and Insurance (BFSI), Others), Device Used (Mobile, PCs, Tablets, TV)

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