BANGALORE, India, March 25, 2020 /PRNewswire/ -- The global subscription video on demand (SVoD) market size was at USD 24.9 billion in 2019 and is expected to reach USD 32.3 billion by 2025, at a CAGR of 4.5 % over the forecast period 2020-2025.
SVoD is a video on demand service that allows users to access a whole video library at a small recurring fee. It is expected that the convenience of viewing video anywhere at any time, increased proliferation of smart devices, high-speed connectivity, and affordability would drive the growth of the SVoD market size.
The SVoD report focuses on the global status of SVoD, future outlook, opportunities for growth, key market, and key actors. The study aims to present the growth of SVoD in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
TRENDS INFLUENCING THE SVoD MARKET SIZE
The increasing pool of audiences with a preference for personalized content to control and select viewing as desired has contributed to the increased demand for the SVoD market.
Improved network speed due to technological advancements are enabling video on demand service providers to deliver high-definition videos at a faster streaming rate. This more rapid streaming capability is expected to increase market growth.
Furthermore, the SVOD industry is gaining tremendous popularity due to the increase in mobile broadband penetration that has fuelled the adoption of mobile devices for live video content streaming. Youth's inclination to live sports events as well as health and fitness training is driving SVoD industry development, especially in emerging economies like India and China.
REGION WISE SVoD MARKET SHARE
- North America accounts for the highest share for the SVoD market, followed by Europe. The growth of North America's demand subscription video market is primarily driven by Canada and the US, due to the presence of leading players in these countries.
- Because of the rapid growth and industrialization in the Asia Pacific region, it is expected to generate lucrative business opportunities for key players operating on the SVoD business.
Market segment by Regions/Countries, this report covers
- North America
- Southeast Asia
- Central & South America
Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-25P1654/Global_SVoD_Market
The key players covered in this study
- Amazon Prime Instant Video
- Globo Play
- Claro Video
Market segment by Type, the product can be split into
- Fixed broadband
Market segment by Application, split into
1. Video Streaming Market Research Report
The global video streaming market size was valued at USD 38.56 billion in 2018, and is projected to reach USD 149.34 billion by 2026, growing at a CAGR of 18.3% from 2019 to 2026.
Factors such as increased live streaming content, increased adoption of cloud-based video streaming solutions, and rapid online video development in emerging economies significantly boost video streaming market growth.
The report focuses on market trends for growth, constraints, and video streaming. The report offers Porter's Five-Force Analysis of the video streaming industry to consider the effect on video streaming market growth of various variables, such as supplier power bargaining, competitive strength of competition, the threat of new entrants, threat of substitutes, and buyers ' negotiating capacity.
2. Over-the-Top (OTT) Market Research Report
The OTT market size was estimated at USD 97.43 billion in 2017 and is expected to hit USD 332.52 billion by 2025, rising to a CAGR of 16.7 percent between 2018 and 2025.
Growing OTT demand in developed regions, growing SVOD services in emerging markets, expanding content choice, and rising demand for live streaming channels significantly complement market growth. However, the lack of infrastructure for the data network and the latency issues are expected to hamper the market growth. In addition, the growth of new OTT markets and new advances in OTT technology are expected to offer lucrative business opportunities.
The report focuses on market trends for growth, constraints, and OTT. The study presents Porter's five-force analysis of the OTT industry to consider the effect of various variables, such as supplier bargaining power, competitor competition, new entrant danger, replacement danger, and buyer bargaining power on the growth of the OTT market.
3. Video on Demand (VoD) Market Research Report
Rising to gain a large number of users and meet consumers on different platforms, the entertainment and telecommunications industries are investing in R&D activities to offer better VoD services and enhance the consumer viewing experience. It is a major factor projected to drive on-demand market growth for content. VoD platforms give cable operators and content distributors more revenue-generating sources.
The report offers an in-depth analysis of the potential market size of global video along with current trends and future projections to elucidate the imminent pockets of investment. Furthermore, the information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
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