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Video-on-Demand (VoD) Market in Europe 2018-2021 - Globally, Video Traffic Will Be 82% of All IP Traffic by 2021, at a CAGR of 24% - ResearchAndMarkets.comThe "Video On Demand in Europe: 2018-2021 - Not So Quiet on the Western Front" report has been added to ResearchAndMarkets.com's offering. Video has proven to increase online publisher revenue by 20% via video ads-on content, and it extends online viewing times, enabling viewers to watch more ads. In fact, the average internet user spends nearly 90% more time on a website that has video. By 2019, online video will approach 80% of global internet traffic. The new challenge is to think cross-media right from the start, and to break up this door, by using digital as the connecter. Indeed, the UK's TV landscape is still waving: subscription library services like Netflix and Amazon Prime are becoming as important as live-TV for family time. More than 9 million UK households subscribe to at least one SVOD service. Overall SVOD penetration has now reached 43% of UK households, compared to an average penetration of SVOD among TV households 17% for the Western Europe and the fact that the video library of OTT players contains recently produced content is still fundamental to convincing potential customers. In France VOD services continue to find new audiences, with 37% of French internet users 6+ aged that access almost one VOD service, an 11% increase YoY. But French internet users are more than twice as likely to prefer pay-TV over SVOD. Actually, France is lagging behind the UK and Germany, with a market penetration rate of 10.3%. In recent times Germany showed the most dramatic changes with the VOD services that have reached now the mass market. In this dynamic framework, Amazon appears to be gunning for a strong foothold in the Geran market. Together, with Netflix, having a market share of 72.8%, with Amazon taking 38.7% of the German market and Netflix 34.1%. The report therefore estimates the total revenues of the VOD sector in Western Europe will increase from the 5,475 million in 2017 to 6,255 million in 2018 reaching 8,816 million in 2021, with a still double-digit CAGR of 12%. SVOD revenues in Western Europe will steadily increase, at an average annual growth rate of 15%, starting from 4,513 million in 2018 to 6,805 million in 2021. With the increasing of pay broadcaster and OTTs in the subscription business, the TVOD is doomed to reduce its market share, that will decline from 28% in 2018 to 23% in 2021. The report estimates that the total revenues deriving from the VOD offer in the joint Big 3 markets, will be of 3,572 million in 2018, increasing to 4,946 million in 2021, with an average annual growth of 11%. In terms of revenues breakdown, the market will grow more rapidly; TVOD will grow much less, decreasing in importance in the following years. As a consequence, in 2021 the SVOD will represent the 81% of the total revenues, with the TVOD accounting for the remaining 19%. In this increasingly crowded environment, the content market industry in Europe looks not so quiet and safe on the Western front. Companies Featured Key Topics Covered
For more information about this report visit https://www.researchandmarkets.com/research/glt59w/videoondemand?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180716005449/en/ |