SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Video Demand Service Market Opportunity Assessment By 2026
[November 14, 2017]

Video Demand Service Market Opportunity Assessment By 2026


?According to the latest market report published by Future Market Insights, titled ‘Video on Demand (VoD) Service Market - Global Industry Analysis and Opportunity Assessment, 2016 - 2026’, the global Video Demand Service Market was valued at US$ 45,034.3 Mn in 2014 and is expected to expand at a CAGR of 8.3% over the forecast period (2016-2026). Surge in market growth of VoD service is primarily driven by changing preferences of viewers towards watching content as per their convenience. Additionally, vertical integration by social media platforms to offer their own VoD services, and rise & success of content-on-demand services are further contributing towards the market growth globally.

VoD is a technology that allows TV programmes, news, movies and sports events to be delivered directly to a set-top box, PC, smart IP TV, mobile phone via satellite TV, Internet network or cable network on demand. VoD service providers offer a platform to the digital video subscribers for gaining access to a vast library of multimedia content that they can watch as per their convenience. VoD subscribers can pause, rewind, stop and start viewing content as per their choice, irrespective of the location.

VoD services enable users to record their favorite movies and shows, thus providing them an opportunity to watch particular shows and movies as per their convenience. The market has been witnessing a shift in viewing habits among teenage viewers. Another trend is growing preference for convenience and flexibility in accessing content (offered through smartphone and tablets, or by streaming content directly to TV), irrespective of the location. Additionally, the advent of advanced LCD TVs integrated with built-in Internet connectivity, which enables users to access VoD directly from TV, is further contributing towards the growth of the VoD market in the developed economies, including the U.S. and Western European countries.


Make Enquiry : https://www.futuremarketinsights.com/reports/sample/rep-gb-303 On the basis of content type, the Video Demand Service Market is segmented into animation and others. The others ( it includes all the content on VoD space other than animation content, i.e., entertainment shows, series, short clips, movies, documentaries, news and sports) segment dominated the overall Video Demand Service Market in 2014, accounting for 83.6% market share in the year, and is projected to continue to dominate the market throughout the forecast period. The animation segment has been further sub-segmented into: kids, movies and others. Kids sub-segment includes all types of animated television series such as cartoon series, pre-school’s interactive learning contents such as games, animated fictions and tales and animated movies targeted at kids such as Inside Out (2015), and The LEGO Movie (2014). Movies sub-segment includes animated movie series especially aimed at teenagers and adults such as Batman, Iron Man and Superman movie series, and other movies based on Marvel comics, apart from movies such as Fritz the Cat, Fire and Ice, Watership Down, Akira and The Plague Dogs. Others sub-segment includes all types of games and animated learning contents developed to target teenagers and adults.

This report covers trends driving each market segment and offers analysis and insights on the potential of the VoD service market across key regions, namely North America, Latin America, Western Europe, Asia Pacific excluding Japan (APEJ) and rest of the world. The North America market was the largest market for VoD service in 2014 wherein it was valued at US$ 18,148.8 Mn.

Increasing number of smartphone users and growing Internet penetration in countries such as India, China, Vietnam, Singapore and Philippines is expected to encourage growth of the VoD market in the APEJ region during the forecast period.

The APEJ VoD service market is expected to expand at a CAGR of 14.6% during the forecast period in terms of value. Market participants, including VoD service providers, gaming content developers and third-party game providers such as TransGaming Inc., which licenses GameTree TV-a subscription-based on-demand cloud gaming service for smart TVs-are presently viewing emerging economies as potential revenue markets to capitalise on, during the forecast period. For instance, in January 2016, Netflix launched its VoD services in India.

GET TOC @ https://www.futuremarketinsights.com/toc/rep-gb-303

As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments.


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2017 Technology Marketing Corporation. All rights reserved | Privacy Policy