The global video on demand (VoD) market is anticipated to extend from US$ 39 billion in 2019 to US$ 87 billion by 2025, recording a compound annual growth rate of about 18% between 2020 and 2025.
Video on demand (VoD) enables people across the world to access an extensive range of digital libraries and have controlled viewing time over the web. Movies, music, web series, and sports are the main components of the VoD content that are available for offline download too. These services can be easily accessed from any corner of the world with the help of devices like smartphones, computers, smart televisions, tablets, and others. To improve their consumer base and product portfolio, several VoD service providers are partnering with content developers to offer exclusive and premium content to its user base.
Impact of Covid-19 on Video On Demand Market:
With the lockdown across the world due to the pandemic situation of Covid-19, the video on demand services has expanded exponentially. The work from home condition of employees among all verticals has proven to be a boon to this industry. Several video streaming service providers have implemented attractive offers to lure in more customers. The OTT and IPTV services have witnessed an all-time high because of the coronavirus pandemic across the world. The same trend is predicted to continue for the next few years in the global VoD business.
Recent developments:
Growth and market trends:
The increasing use of video solutions and services among individuals indicates that it has become the most popular medium for streaming video. Internet Protocol Television (IPTV) is the most trending way to subscribe to videos and other services by consumers all over the world. The added advantage of IPTV is that we can watch television and access the Internet at the same time. These services are managed in the same way as TV platforms by operators.
The subscription monetization model is one of the most popular monetization models and requires a fixed payment for a specific period. It is a business model in which the user has to pay a subscription price to access video streaming services. Subscriptions can be of any duration, such as monthly, quarterly, semi-annually, and annually. The video on demand (SVoD) subscription offers viewers an easy option to accept and refuse. Subscription monetization models are expected to reach the highest CAGR over the forecast period as they provide a wide variety of entertainment video content, such as pay-TV programs, movies, dramas, and other series, to attract the public.
Market Drivers and Restraints:
The global video-on-demand market is foreseen to record considerable growth in the future because of the increased flexibility and availability of international content at affordable prices. VoD services offer access to various programs in industries like entertainment, sports movies, and educational programs, which will further drive its call in the global business.
The video on demand (VoD) market is expected to become an efficient revenue generator for content providers and cable operators worldwide. However, the services offered by the video on demand market face challenges such as the management of several screen formats, digital rights management (DRM), the personalization of content according to different systems, which diversified operating and bit rates. The effect of coronavirus is also proven to be supplementing the business growth in the next few years.
Market segmentation:
Based on the solutions, the global video on demand market is divided into OTT, IPTV, and Pay TV. IPTV is generally funded and supported by large telecommunications providers who wish to create an alternative product for digital cable and satellite services. This segment is foreseen to develop in a considerable manner in the future.
Depending on the monetization model, the global VoD market is bifurcated into Subscription-based and Advertising-based. Among these models, the subscription-based segment is expected to experience significant growth due to unique features such as unlimited content access
In terms of industry vertical, the VoD market can be segmented into Media, Entertainment, and Gaming and Education. The increase in the production of content, such as films, music, television series, and documentaries from film studios, producers, and record labels, is driving the adoption of entertainment services worldwide.
Regional Analysis:
North America had the largest share of the video on demand market in 2019. This is mainly due to the large presence of video on demand service providers and the increased demand for video on demand services. In addition, the rise in content creation in entertainment, sports, and TV content along with the partnerships between content producers and on-demand service providers have resulted in a surge in the adoption of video on demand services across the area. The market in the Asia-Pacific region is expected to post considerable growth, which is mainly due to the increased consumption of pay programs and films.
The Asia-Pacific (APAC) is the most promising market for video on demand services with a huge population base and access to the internet and other services. China and Japan are the two main countries that contribute significantly to the VoD market. The increased penetration of smart devices, broadband, and Internet due to the advent of technologies like 5G, 4G, payment infrastructures and a dynamic ecosystem, is the driving force of the local VoD market.
Key market players:
The main market players described in this report are Netflix (USA), Amazon (USA), Google (USA), YouTube (USA), Apple (USA), HBO (USA), Cisco (USA), Roku (USA), IndieFlix (USA), Vudu (USA), Hulu (USA), Comcast (USA), Akamai (USA), Huawei (China), Fujitsu (Japan), CenturyLink (USA), Muvi (USA) and Vubiquity (USA).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Video on Demand (VoD) Market, By Solution
6.1.1 Pay TV
6.1.2 OTT
6.1.3 IPTV
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Video on Demand (VoD) Market, By Monetization Model
6.2.1 Subscription-based
6.2.2 Advertising-based
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Video on Demand (VoD) Market, By Industry Vertical
6.3.1 Media
6.3.2 Entertainment
6.3.3 Gaming
6.3.4 Education
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Solution
7.2.3 By Monetization Model
7.2.4 By Industry Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Solution
7.3.3 By Monetization Model
7.3.4 By Industry Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Solution
7.4.3 By Monetization Model
7.4.4 By Industry Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Solution
7.5.3 By Monetization Model
7.5.4 By Industry Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Solution
7.6.3 By Monetization Model
7.6.4 By Industry Vertical
8. Key Player Analysis
8.1 Netflix
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Amazon
8.3 Google
8.4 Apple
8.5 YouTube
8.6 HBO
8.7 Cisco
8.8 Roku
8.9 Vudu
8.10 Hulu
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
