PUBLISHER: BIS Research | PRODUCT CODE: 1485697
PUBLISHER: BIS Research | PRODUCT CODE: 1485697
Introduction to the Global Video-on-demand (VoD) Market
The global video-on-demand (VoD) market is experiencing robust growth, propelled by several key factors and market drivers. Considering the optimistic scenario, the market is expected to be valued at $175.4 billion in 2024 and is projected to grow at a CAGR of 11.67% to reach $528.9 billion by 2034. A primary catalyst for this growth is the increasing demand for convenient and personalized entertainment experiences. Video-on-demand platforms play a crucial role by offering a vast library of content and seamless streaming services, catering to the evolving preferences of consumers.
KEY MARKET STATISTICS | |
---|---|
Forecast Period | 2024 - 2034 |
2024 Evaluation | $175.4 Billion |
2034 Forecast | $528.9 Billion |
CAGR | 11.67% |
The increasing demand for video content across industries serves as a significant driver for the global video-on-demand (VoD) market. Industries across the spectrum, including entertainment, education, healthcare, marketing, and corporate sectors, are recognizing the power of video in engaging audiences, conveying messages effectively, and driving business objectives. This trend is fueled by the growing preference for visual content among consumers, who find videos more engaging, memorable, and shareable compared to traditional text-based or static media. As the demand for on-demand video content continues to surge, video-on-demand providers are focusing on enhancing the quality and variety of their offerings, investing in original content production, and leveraging advanced technologies such as artificial intelligence and machine learning for content recommendation and personalization. Additionally, the proliferation of high-speed internet connectivity and the widespread adoption of smartphones and smart TVs are further driving the expansion of the video-on-demand market.
With consumers seeking anytime, anywhere access to their favorite movies, TV shows, and original programming, video-on-demand platforms are increasingly becoming indispensable sources of entertainment for a global audience. As a result, content creators, streaming services, and digital platforms are intensifying their efforts to capture market share, enhance user engagement, and capitalize on the lucrative opportunities presented by the booming video-on-demand market.
Market Segmentation:
Segmentation 1: by Application
Segmentation 2: by Content Type
Segmentation 3: by Revenue Model
Segmentation 4: by Content Licensing Type
Segmentation 5: by Region
How can this report add value to an organization?
Product/Innovation Strategy: The global video on demand (VoD) market has been extensively segmented based on various categories, such as application, content type, revenue model, and content licensing type. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Competitive Strategy: A detailed competitive benchmarking of the players operating in the global video on demand (VoD) market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled in the global video-on-demand (VoD) market have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
Key Questions Answered in this Report:
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note