PUBLISHER: TechSci Research | PRODUCT CODE: 1692365
PUBLISHER: TechSci Research | PRODUCT CODE: 1692365
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Global Transactional Video on Demand market was valued at USD 8.01 billion in 2024 and is expected to grow to USD 17.56 billion by 2030 with a CAGR of 14.04% during the forecast period. The Global Transactional Video on Demand (TVOD) market is expanding as consumers increasingly opt for pay-per-view digital content. Growth is driven by rising internet penetration, the proliferation of smart devices, and evolving consumer preferences for flexible, on-demand viewing experiences. Key market players focus on content exclusivity, regional expansion, and seamless payment options to attract users. The market benefits from advancements in streaming technology, high-quality content production, and collaborations with film studios. However, increasing demand for newly released movies and premium content continues to fuel market growth.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 8.01 Billion |
Market Size 2030 | USD 17.56 Billion |
CAGR 2025-2030 | 14.04% |
Fastest Growing Segment | Media & Entertainment |
Largest Market | North America |
Key Market Drivers
Increasing Internet Penetration and Digital Transformation
One of the primary drivers of the TVOD market is the rapid expansion of internet connectivity and digital transformation across the globe. As broadband access improves, especially in emerging markets, more consumers are gaining the ability to stream high-quality video content seamlessly. The rollout of 5G technology further enhances streaming capabilities, reducing buffering times and improving user experience. In 2024, 5.35 billion people are using the internet, representing 66.2% of the global population. Over the past year, internet users increased by 1.8%, with 97 million new users joining in 2023.
Additionally, the proliferation of smart devices, including smartphones, tablets, smart TVs, and streaming sticks, has made on-demand content more accessible. These factors contribute to the growing adoption of TVOD services, as users can conveniently rent or purchase content without the need for long-term commitments.
Key Market Challenges
Competition from Subscription-Based (SVOD) and Ad-Supported (AVOD) Models
One of the most significant challenges for the TVOD market is the growing dominance of Subscription Video on Demand (SVOD) and Ad-Supported Video on Demand (AVOD) platforms. Consumers are increasingly opting for SVOD services like Netflix, Disney+, and HBO Max, which offer unlimited access to vast content libraries for a fixed monthly fee. The convenience of an all-inclusive subscription model makes it more attractive than TVOD, where users must pay for each movie or TV show individually.
Similarly, AVOD platforms, such as YouTube and Pluto TV, provide free access to content supported by advertisements, further reducing the appeal of TVOD. As consumers seek cost-effective entertainment options, TVOD platforms struggle to differentiate themselves and justify their pay-per-view pricing structure. To remain competitive, TVOD providers must focus on exclusive content offerings, early access to new releases, and seamless user experiences to retain their audience.
Key Market Trends
Early Access and Premium Digital Releases
One of the most significant trends in the TVOD market is the growing demand for early access to new movie releases. Traditionally, films were released in theaters before becoming available for home viewing. However, changing consumer preferences and disruptions caused by the COVID-19 pandemic accelerated the shift toward premium digital releases. Major studios are increasingly adopting a direct-to-digital strategy, allowing users to rent or purchase new movies shortly after, or even on the same day as, their theatrical release.
Platforms such as Apple iTunes, Amazon Prime Video, and Google Play Movies have capitalized on this trend by offering early-access titles at premium prices. This approach benefits both consumers, who prefer the convenience of home viewing, and studios, which can generate additional revenue without relying solely on box office sales. As streaming adoption grows, TVOD is expected to play a crucial role in film distribution, particularly for high-budget productions and exclusive content.
In this report, the Global Transactional Video on Demand Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Transactional Video on Demand Market.
Global Transactional Video on Demand Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: