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Global Video on Demand (VoD) Market: High-growth Regions to Expand Geographic Footprint 2020- 2026

A sharp rise in the number of smartphone users streaming content online across the globe is boosting Video on Demand (VoD) Market development. According to the World Advertising Research Canter, around 2 billion people accessed internet only through their smartphones in 2019.

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Global Video on Demand (VoD) Market: High-growth Regions to Expand Geographic Footprint 2020- 2026

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  1. Global Video on Demand (VoD) Market: Leading Segments and their Growth Drivers 2026

  2. Industry Overview • Accordingly, to Global Market Insights research report global Video on Demand (VoD) Market Digital revolution driven by mobile penetration, availability of relatable content and ceaseless internet connectivity will foster outlook. Over the past few years, video-on-demand (VoD) has become increasingly popular. VoD refers to streaming of content over the internet, through applications called over-the-top (OTT) platforms. • OTT platforms enable content viewing at one’s convenience in terms of device, place and time which falls in contrast to the scheduled programmes aired on television. A sharp rise in the number of smartphone users streaming content online across the globe is boosting Video on Demand (VoD) Market development. According to the World Advertising Research Canter, around 2 billion people accessed internet only through their smartphones in 2019. • In a bid to offer optimum customer satisfaction, content providers are using subscription-based and hybrid revenue models as well as enhancing Video on Demand (VoD) Market offerings and services. The integration of technologies, such as AI and machine learning is enabling providers to deliver personalized content by tracking user preferences. Also, the ongoing COVID-19 pandemic has further bolstered the VoD sector growth as the number of viewers watching content online has significantly increased with the shutdown of theatres and other entertainment areas.

  3. Continue… • Estimates suggest that Video on Demand (VoD) Market size will exceed USD 175 billion in terms of annual revenues by 2026. Internet Protocol Television (IPTV) is gaining momentum as it utilizes a private dedicated network to deliver more consistent service. IPTV uses internet to deliver TV programs and videos that are live or on-demand and provide users with the convenience of choosing a program they wish to watch anytime, anywhere along with the live TV options. • Rising health concerns resulting in increased awareness pertaining to fitness & well-being is also contributing towards the popularity of on-demand videos. The online training videos offers flexibility of working out in comfort of one’s household. It also saves a lot of money the time spent traveling to the gym. Video on Demand technology platform provider, InteliVideo, introduced a new package to its platform for health and fitness studios in 2019. The channel offers quick digital streaming solutions. • Advertisement-based revenue model is expected to showcase major growth on account of the rise in number of consumers using platforms like YouTube, Spotify and others. Platforms like YouTube offer free content to users and gain profits from advertisements that are played during the course of the content being played or watched.

  4. Browse Full Market Research Report @ https://bit.ly/2AGtvDi Request for a Sample of this Research report @ https://bit.ly/3e4F6KW

  5. Growth Drivers • Increasing internet penetration and growing smartphone adoption globally • Rise in live streaming of various events to avoid mass gatherings • Flexibility to view content remotely • Growing home fitness trend among consumers • Rise in demand of VoD to provide education & training through satellite connectivity in North America and Europe • Inclination towards online streaming services over traditional TV in Asian countries • Availability of attractive video packages in Asia Pacific market • Internet infrastructure development in Latin America and MEA

  6. Continue… • The competitive landscape of the global Video on Demand (VoD) Market is inclusive of players Amazon.com, Inc., Apple, Inc., Comcast Corporation, Facebook, Inc., Google LLC, Home Box Office, Inc., Iflix, Microsoft Corporation, Netflix, Inc., Rakuten, Inc., Sony Corporation, The British Broadcasting Corporation, The Walt Disney Company (Hulu, Hotstar), Viacom CBS and Zee Media Corporation (Essel Group)

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