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Video on Demand Market Research: 2023 Value was 87.1 Billion and CAGR Growth Reached approximately 17.67% By 2030

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Report Overview:

The following report titled “Global Video on Demand MarketBy 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]) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Video on Demand Market Summary

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.

Report Coverage & Details

  • Forecast Period: 2024-2030
  • Base Year: 2023
  • Market Size in 2023: USD 87.1 Billion
  • CAGR: 17.67%

Download Free PDF Brochure: –  https://www.marknteladvisors.com/query/request-sample/video-on-demand-market.html

Video on Demand Market 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.

Segmentation Analysis: Video on Demand Market

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

Access Full Report [Include Description + TOC] – https://www.marknteladvisors.com/research-library/video-on-demand-market.html

Region: North America Holds a Major Market Share

Among all regions globally,North America is anticipated to dominate the Video on Demand Market with the largest share during 2024-30..

Leading Players Analysis: Video on Demand Market

The report provides detailed analysis of key players in the global Video on Demand market, highlighting their strategies and competitive scenario.

  • 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

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

For Customized Report Inquiry: – https://www.marknteladvisors.com/query/request-customization/video-on-demand-market.html

Key Benefits for Stakeholders:

  1. Informed Decision-Making: Access to comprehensive and insightful market research reports enables stakeholders to make well-informed decisions, leading to more strategic and successful initiatives.
  2. Strategic Planning: The strategic reports provided by MarkNtel Advisors empower stakeholders to formulate robust strategies for market entry, product development, and competitive positioning.
  3. Market Sizing & Forecasting: Stakeholders can benefit from accurate market sizing and forecasting data to make informed investment and resource allocation decisions, minimizing risks and maximizing returns.
  4. Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

About us

We are a well-known consulting, data analytics, and market research firm catering to a diverse clientele globally. With a strong presence in over 80 countries across regions like America, Asia-Pacific, Europe, the Middle East, and Africa, we specialize in providing strategic reports to multinational corporations, financial institutions, governments, and individuals. Our commitment to qualitative and quantitative research ensures comprehensive and insightful data delivery, establishing us as a trusted partner for informed decision-making.

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  • Call (India): +91 120 4278433
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Website: MarkNtel Advisors: Market Research Company

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