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Binge-watching during COVID-19 underscores Growth in Video on Demand (VoD) Services: TMR

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News provided by

Transparency Market Research

09 Feb, 2021, 17:30 GMT

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- Growing consumption of pay-per-view programs and movies presents a vast horizon for revenue generation for players in the video-on-demand (VoD) market, global valuation to touch US$ 145,647.0 Mn by 2030

- Subscription video on demand (SVoD) to take a sizable pie of the consumer spending on VoD contents in next ten years, personalized content to gather steam

ALBANY, N.Y., Feb. 9, 2021 /PRNewswire/ -- Video-on-demand (VoD) services for enabling consumers to stream and download video contents are gaining popularity in sports, entertainment, education, and TV commerce. Video on demand has substantial altered the contours of interactive TV for viewing video contents for consumers on range of mobile devices, and are delivered through internet. There has been growing subscriptions for VoD among consumers who prefer smartphones and smart TV for viewing contents.

The proliferating demand for on-demand entertainment has spurred the expansion of VoD channels by service providers in the VoD market. Expansion of OTT platforms is also adding momentum. The array of pay-per-view programs available for viewing through VoD models is constantly expanding, fueling the strides. Subscription video on demand (SVoD) and advertisement video on demand (AVoD) have emerged as popular business models service providers adhere to consolidate their positions in the VoD market.

The video on demand market will clock CAGR of 9.5% from 2020 to 2030, and reach worth of US$ 145,647.0 Mn by the end of this forecast period.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11831

Key Findings of Video on Demand (VoD) Market

  • VoD Streaming Internet Protocol Television (IPTV) Picks Up Pace

Internet Protocol Television (IPTV) is increasingly being used for delivering video on demand. The presence of reliable internet connection and the availability of good networking resources has made VoD through IPTV an attractive proposition for service providers in the video on demand market. Amazon Prime and Netflix are expanding their share of VoD consumption to different geographies, supported by constant advances in IPTV.

Further, VoD streaming companies are shifting to hybrid IPTV to expand as well as enhance their offering to consumers or audiences. However, they have a long way to go, since many parts of the developing regions of the world suffer from network outages and throttled internet speed. On the other hand, growing popularity of consumption of video on smart mobile devices for binge watching has been providing a sweet spot for entertainment providers.

Analyze global higher education solutions market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Partnerships and Constant Product Launches Ups the Ante

The video on demand market has seen a growing number of partnerships typically among VoD providers and direct broadcast satellite service providers in recent years. This has helped heavyweights such as Netflix and Amazon Prime to boost their competitive edge in emerging markets. In such markets, notably in Asia Pacific, players are teaming up to offer new VoD channels. This has led to consumers to expand their baskets in the VoD market.

On the other hand, partnerships enable the participants to improve their offering, enhance customer services, and most importantly offer more personalized and premium VoD content. Consumers are keen on latching on to a service provider who meet these criteria well. Hence, these may also form as a key winning proposition for players in the VoD market.

Request the Covid19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=11831

Video on Demand (VoD) Market: Key Driving Factors and Promising Avenues

  • Growing consumption of movies and series through VoD subscription has propelled growth of the VoD market
  • Expanding low-cost network connection in developing economies and improving network speed are encouraging demand
  • Availability of content in regional languages is garnering considerable consumers' attention

Explore 260 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Video on Demand Market [(Business Model - Transactional Video on Demand (TVoD), Subscription Video on Demand (SVoD), Advertisement Video on Demand (AVoD), Hybrid (TVoD + SVoD)); (Content - Sports, Entertainment, Education and Information, TV Commerce)] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/video-on-demand-market.html

Players Looking for Sizable Share in Video on Demand (VoD) Market

  • Maxdome GmbH
  • Netflix, Inc.
  • Verizon Communication, LLC,
  • Apple, Inc.
  • Amazon.com, Inc.

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Smart Learning & Education Market – Many schools and educational institutes continue to use smart learning tools, since the COVID-19 outbreak has not completely subsided. Owing to this shift, consumers have adapted to online learning on the long-term basis, which is creating business opportunities for companies in the smart learning & education market.

Building Energy Simulation Software Market – The COVID-19 outbreak has affected the growth of the building energy simulation software market, as individuals in residential, commercial, and industrial sectors have been budget-strained during the pandemic and are opting for only essential investments. Hence, companies in the market are targeting MNCs (Multinational Corporation) and consumers who can make upfront investments in software solutions.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
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Suite 700,
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United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/video-on-demand-market.htm 
Blog: https://tmrblog.com/

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