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Video on Demand Market : Availability of High-speed Data Networks to Boost Subscriptions for Video on DemandThe leading ten vendors in the global video on demand market collectively accounted for a mere 34% of the overall market in 2015, hinting at a largely fragmented vendor landscape and an intense level of competitive rivalry, says Transparency Market Research in a recent report. The level of competition in the market continues to soar up as the outreach of service providers, effectiveness of cable networks, and the numbers of online streaming websites and satellite companies increase at a significant pace. Browse The Report: https://www.transparencymarketresearch.com/video-on-demand-market.html In the highly competitive market, cost of services is one of the key determinants of success and companies, vying for a larger consumer base, are offering exclusive content at competitive costs. Aggressive geographical expansion strategies are being adopted to claim evolving regional territories with high potential of growth. For instance, Netflix Inc. expanded its video on demand services in India in 2016. A report by Transparency Market Research projects the global video on demand market to expand at a healthy 9.3% CAGR during the period between 2016 and 2024, for the market to become US$73.90 bn by the end of 2024 from US$33.32 bn in 2015. North America Emerges as Clear Leader in Global Video on Demand Market On the basis of business model, the segment of subscription video dominated the market, accounting for a nearly 30% of the global market in 2016. The segment is also expected to display the leading CAGR of 10.0% over the report’s forecast period. In terms of content, the segment of entertainment amassed the leading share of revenue in 2016. However, the sports segment is expected emerge as the one with the most promising growth rate over the forecast period. Request to download and view full ToC @ https://www.transparencymarketresearch.com/report-toc/11831 North America, accounting for over 40% of the revenue amassed by the global market in 2016, is the clear leader in the VoD market, chiefly owing to the historic and strong presence of content developers and numerous VoD service providers in the region. The popularity of animation content and the rising demand for various animation series, partnerships between content providers and consumer electronics companies, and lucrative deals offered by companies to gain subscriptions are some of the key factors that continue fueling the North America VoD market in the near future. Make an Enquiry @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11831 Rising Popularity of Personalized Digital Content Driving Market Factors such as faster accessibility and improved internet connectivity have significantly increased the demand for customized digital content across the globe. Rising number of consumers of high-speed data services via mobile and broadband networks are also leading to the increased consumption of high-quality digital content. The increased demand for regional content is also leading to an increased demand for video on demand services. Along with these factors, the increased demand for seamless, interactive, and personalized digital data viewing experience is also driving the global video on demand market. About Us Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations U.S. Office Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: www.transparencymarketresearch.com As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |