The global video on demand market is anticipated to grow at a considerable CAGR of 17.5% during the forecast period. The growth of the market is attributed to increased demand for streaming videos and services. A video streaming service provides on-demand access to TV shows, films, and other streaming media. The services they offer are a cheaper alternative to cable and satellite on-demand services. Streaming services usually charge fees, either per view or via subscription. The videos are sourced through a cloud-based network. The availability, content, and cost of services may differ from one place to the next. Some services provide extensive hardware support for a wide range of devices, including smart TVs, streaming media receivers, PCs, tablets, and smartphones. Others, like Hulu, may be more limited in the types of devices they support or may be specialised for a certain brand’s devices, similar to iTunes for Apple devices. Other services, such as Google Video, are ad-supported or free. The availability of high-speed Internet connections, smartphones, tablets, and smart TVs has resulted in an increase in demand for video streaming services.
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Netflix, Amazon Prime Video, and Disney+ have grown in popularity by offering a wide range of streaming media. The services are perceived as convenient, diverse, and affordable, resulting in market expansion. For instance, in January 2023, Netflix Inc. will provide a range of documentaries, TV series, and movies in numerous languages and genres over its streaming platform. The company provides video streaming content on internet-connected devices such as TV set-top boxes, mobile devices, TVs, and digital video players. In December 2021, Netflix, Inc., rolled out a website dubbed ‘Tudum’ for announcing release dates and renewals of series. The website offers behind-the-scenes videos, news, live interviews, and more for its viewers.
Global Video on Demand Market Report Segment
By Type
- Subscription Video-on-demand (SVoD)
- Transactional Video-on-demand (TVoD)
- Advertisement Based Video On Demand (AVoD)
By Platforms
- Smartphones
- Tablets
- Smart T.V
- Laptops
- PCs
By Application
- Entertainment
- Education and Training
- Network Video Kiosks
- Online Commerce
- Digital Libraries
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Video on Demand (VD) Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Acer Inc.
- The Hewlett Packard Co.
- Samsung Electronics Co., Ltd.
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