Video on Demand (VoD) Service Market

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Video on Demand (VoD) Service Market

• February 2021

Report Id REP-GB-303 Published On
 2016-02-25 Category Technology
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Video on Demand (VoD) Service Market Analysis
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 on 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. Request a Sample Report http//www.futu
remarketinsights.com/reports/sample/rep-gb-303 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.
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Video on Demand (VoD) Service Market Analysis
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. Preview
Analysis http//www.futuremarketinsights.com/repo
rts/video-on-demand-market On the basis of
content type, the VoD 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 VoD
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.
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Video on Demand (VoD) Service Market Analysis
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. Request for
TOC http//www.futuremarketinsights.com/toc/rep-g
b-303 Increasing number of smartphone users and
growing Internet penetration in countries such
as India, China, Vietnam, Singapore and Philippine
s 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.
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Video on Demand (VoD) Service Market Analysis
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Video on Demand (VoD) Service Market Analysis
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For more insights on the Video on Demand (VoD)
Service Market,you can request a report sample
with full TOC
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