Global Video-on-Demand (VOD) Market 2019-2023 | 11% CAGR Projection Over the Next Five Years | Technavio

The global video-on-demand (VOD) market is expected to post a CAGR of over 11% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the market is rising adoption of mobile computing devices and applications. The rising adoption of smartphones and tablets has increased the target consumers base for vendors that offer VOD services. The availability of high-speed internet and smartphone applications has improved access to VOD services. Initially, vendors offered VOD services through websites. However, the increasing use of mobile computing devices encouraged them to develop mobile applications which can stream videos. The use of such applications simplifies the process of payments. They also collect the personal details of consumers, which can be used to retain them through targeted advertising. Hence, the number of people consuming VOD services through their mobile computing devices is increasing.

This market research report on the global video-on-demand (VOD) market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the emergence of live video streaming solutions and platforms as one of the key emerging trends in the global video-on-demand (VOD) market:

Global video-on-demand (VOD) market: Emergence of live video streaming solutions and platforms

Live video streaming solutions provide consumers convenient access to video content. Platforms such as Ustream and Livestream have become more popular among consumers. TV channels, especially news and sports channels, also offer live streaming services to their consumers through their online platforms. News channels such as BBC and CNN provide live video streaming through their respective online platforms, BBC iPlayer, and CNNgo. ESPN also provides live streaming options through its online platform called WatchESPN. The popularity of online video streaming is increasing among consumers due to the flexibility it offers users. Vendors that offer VOD services are expected to offer live video streaming services during the forecast period.

Since 2008, vendors that offer VOD services have made significant investments to develop new and advanced smart TVs. Initially, video streaming devices were limited to modern set-top boxes that connected TVs to the Internet. However, several new and advanced video streaming devices have been developed and launched in the market, such as Google Nexus Player, Apple TV, and Amazon Fire TV, says a senior analyst at Technavio for research on media and entertainment services.

Global video-on-demand (VOD) market: Segmentation analysis

This market research report segments the global video-on-demand (VOD) market by business segment (SVOD, AVOD, and TVOD) and geographical regions (APAC, EMEA, and the Americas).

The SVOD segment led the market in 2018 with a market share close to 55%, followed by AVOD, and TVOD respectively. However, during the forecast period, the AVOD segment is expected to register the highest incremental growth followed by the SVOD segment.

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Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
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www.technavio.com

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