Global Video on Demand (VoD) Market Size, Share, Development and Forecast Overview forecast year 2020

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A new market study, titled “ Global Video on Demand (VoD) Market by Component (Solution and Services), By Solution (Pay TV, Ove…October 10, 2020

Global Video on Demand (VoD) Market trigger by the higher proliferation of smart devices, high-speed connectivity, and affordability

Global video on demand market likely to generate more than USD 122.06 billion by 2027 and registering with a CAGR of 13.45% during the forecast period, 2020-2027, due to the growing adoption of tablets and smartphones along with the availability of high-speed internet. Additionally, the increasing popularity of global internet users and the rising number of online video streaming sites that viewers can access will accelerate the global video on demand market in the upcoming periods.

Video-on-demand is an interactive video system that can demand programs on-demand, or more broadly, it can provide users with a variety of interactive information services. The VOD is used to meet the user's demand for watching video programs independently. With the continuous advancement of VOD technology, its extensive application will have a strong impact on popular culture and business operation models. Moreover, the surge in application of video-on-demand for developed mobile applications, for simplifying the process of payments and for collecting the personal details of consumers, which can be used to retain them through targeted advertising, will boom the video-on-demand industry.

Furthermore, the personalization of VoD services facilitated by the help of big data that helps serve customers specific to their needs and preferences projected to influence the growth of video on demand (VOD) market in the upcoming periods.

Component Overview in the Global Video on Demand (VoD) Market

Based on components, the global Video on Demand (VoD) market bifurcated into Solution and Services. Solution segment likely to exhibit maximum market share, as VOD provides end-users with diversified media information streams, entertainment in hospitals, hotels, airplanes and other places, company staff training, long-range market research, and companies.

Solution Overview in the Global Video on Demand (VoD) Market

Based on the solution, the global Video on Demand (VoD) market classified into Pay TV, Over-the-top (OTT) Services, and Internet Protocol Television (IPTV). The Internet Protocol Television (IPTV) segment projected to lead the market by 2027, as the segment is one of the secure and reliable ways to subscribe to videos and other services that provides on-demand videos and interactive TV.

Business Model Overview in the Global Video on Demand (VoD) market

Based on the business model, the global Video on Demand (VoD) market classified into Subscription video on demand (SVOD), Transactional video on demand (TVOD), Advertising Video on Demand (AVOD)) and others. The subscription video on demand (SVOD) segment estimated to dominate the market due to its features, such as it provides access to video content with a regularly recurring fee structure and offers a huge variety of entertainment video content.

Type Overview in the Global Video on Demand (VoD) MarketALSO READ http://www.marketwatch.com/story/global-video-on-demand-vod-market-...

Based on type, the global Video on Demand (VoD) market classified into Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and others. The Bitcoin segment projected to lead the market due to its benefits, such as provide digital currency, which allows performing transactions without the need for a central bank.

End-User Industry Overview in the Global Video on Demand (VoD) Market

Based on the end-user industry, the global Video on Demand (VoD) market categorized into Media & Entertainment, Education & Training, Health & Fitness, Live Events, Sports, and Others. The Media & Entertainment segment expected to gain maximum market share by 2027 on account of features of VOD, entertainment, and media industry, providing cheaper and more personalized content delivery and creates enhanced user experience. Additionally, AI-driven VOD would make advertisements more relevant for the target audiences.

Regional Overview in the Global Video on Demand (VoD) Market

By geography, the Global Video on Demand (VoD) Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America expected to generate the lions' share by 2027, owing to the availability of devices that are compatible with online video viewing and the rise in the number of data consumption on mobile devices across these regions.

Global Video on Demand (VoD) Market: Competitive Landscape

Companies such as Netflix, Amazon, Google, YouTube, Apple, HBO, Cisco, Roku, IndieFlix, Vudu, Hulu, Comcast, Akamai, Huawei, Fujitsu, CenturyLink, Muvi, and Vubiquity are the key players in the Global Video on Demand (VoD) Market.

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