Apr 06, 2020 (The Expresswire) -- The Video on Demand Market is forecast to gain from the rapid penetration of the Internet in undeveloped nations. Fortune Business Insights has recently published a report which offers an executive-level blueprint of the market. The reportsuggests that the overall video on demand market is expected to grow from USD 43.9 Billion in 2017 to USD 87.1 Billion by 2025 at a CAGR of 9% during the forecast period. North America held the highest share in the global video on demand market in 2018 and is forecast to witness impressive growth through the course of the forecast period 2018-2025. The increasing demand for video on demand services in the region, coupled with the presence of a high number of service providers are expected to facilitate the expansion of the market.
To Gain More Insights into the Video on Demand Market Analysis, Browse Summary of the Research Report - https://www.fortunebusinessinsights.com/industry-reports/video-on-demand-market-100140
List of Top Key Players Mentioned:
"Increasing Inflow of Market Players to Boost the Market"
Netflix and Amazon Prime are among the leading players in global video on demand market. Besides these, other organizations operating in the global video on demand market are Hulu LLC, Verizon Communication LLC, Apple Inc., Telefonaktiebolaget LM Ericsson (Ericsson Television), YouTube, Comcast Corp, Hotstar and Canalplay.
Request a Sample Copy for more detailed Video on Demand Market Overview - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/video-on-demand-market-100140
Besides this, the video on demand market in Asia Pacific holds a lot of potential and is projected to expand at a relatively high CAGR over the forecast period. The increasing adoption of smart TV, smartphones, and others is likely to fuel the demand for video on demand services in the region, thus aiding its expansion in the Asia Pacific.
The report also classifies the global video on demand market in various segments. In terms of technology, subscription video on demand (SVOD) held the highest share in the global market in 2017. The segment is expected to expand at a CAGR of 8% during the forecast period. The growth witnessed in this segment is attributable to SVOD’s distinct features such as unlimited content access, minimal or no advertisements, and others.
"Netflix and Tata Sky Collaborated to Cater India Video on Demand Market"
One of the key factors anticipated to drive the global video on demand market is the increasing user-base of various online platforms and cheaper data plans. Additionally, collaboration among video on demand service providers is also anticipated to propel the demand in the global video on demand market. For instance, Netflix collaborated with Tata Sky (an Indian DTH service provider) to cater to the market for video on demand in India. Owing to the collaboration Tata Sky subscriber can receive worldwide quality content on demand. Such collaborations are expected to bode well for the market and help video on demand service providers capitalize on untapped opportunities.
“Governments initiated awareness programs encouraging Internet penetration in undeveloped nations of Africa, Latin America, and others are likely to fuel the demand for video on demand service,” said a lead analyst at Fortune Business Insights.
The growing demand for instant satisfaction of entertainment needs among customers will act as a dominant force boosting the global video on demand market.
However, higher data tariff prices and lack of awareness about video on demand’s existence are major factors that may hamper the growth in the global video on demand market.
Speak to our Analyst for any Queries about Video on Demand Market Research Report - https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/video-on-demand-market-100140
Major Table of Contents:
Global Video On Demand Market Analysis, Insights and Forecast, 2014-2025
North America Video On Demand Market Analysis, Insights and Forecast, 2014-2025
Purchase Full Report for Exclusive Video on Demand Market Growth Forecast - https://www.fortunebusinessinsights.com/checkout-page/100140
Other Exclusive Reports:
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on this Market, please visit - https://www.fortunebusinessinsights.com/enquiry/covid19-impact/video-on-demand-market-100140
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Name: Ashwin Arora
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit How will Video on Demand Market Deal with the COVID-19 Crisis?