Video-on-demand (VOD) Market 2019 - 2023 | Rising Adoption of Mobile Computing Devices and Applications to Drive Growth | Technavio

LONDON--(BUSINESS WIRE)--Sep 30, 2019--

The global video-on-demand (VOD) market size is poised to grow by USD 33 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of 14% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190930005379/en/

Technavio has announced its latest market research report titled global video on demand (VOD) market 2019-2023. (Graphic: Business Wire)

Read the 105-page research report with TOC on "Video-on-demand (VOD) Market Analysis Report by business segment (SVOD, AVOD, and TVOD) and geography (the Americas, APAC, and EMEA) 2019 - 2023" at:
https://www.technavio.com/report/global-video-on-demand-vod-market-industry-analysis

The market is driven by the rising adoption of mobile computing devices and applications. Also, the increase in mobile advertisements which has led to the rise of AVOD platforms is anticipated to further boost the growth of the market during the forecast period.

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The rising adoption of smartphones and tablets has increased the target consumer 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 has 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.

Furthermore, mobile applications have emerged as a potential medium for advertisers to expand their reach. The rising adoption of affordable mobile computing devices such as smartphones and tablets has increased the consumer preference for mobile platforms. Mobile devices have become the most preferred medium to consume information. Mobile advertising is one of the major revenue sources for application developers. Mobile hardware and software developers focus on improving functionality by including new features. Hence, the number of downloads of new applications is rising, which is also increasing the revenue of AVOD platforms, thereby driving the overall growth of the market.

To find out more about Video-on-demand (VOD) Market Research 2019-2023,https://www.technavio.com/talk-to-us=IRTNTR30068

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • Alphabet
  • Amazon
  • AT&T
  • The Walt Disney
  • Netflix

Market Segmentation by Category and Product Types:

The Video-on-demand (VOD) Market can be broadly categorized into the following business segment:

  • SVOD
  • AVOD
  • TVOD

Key Regions for the Video-on-demand (VOD) Market:

Featuring a breakdown of region-wise market shares until 2019.

  • Americas
  • APAC
  • EMEA

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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

Vendor Landscape

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

Related Reports on Media & Entertainment Market are:

Music Streaming Service Market – Global Music Streaming Service Market by end-users (individual and commercial), streaming service (paid music streaming service and free music streaming service) and geography (APAC, Europe, MEA, North America, and South America).

Visual Effects (VFX) Market – Global Visual Effects (VFX) Market by application (movies, television, gaming, and advertisements) and geography (APAC, Europe, MEA, North America, and South America)

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, Technavio’s 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 Technavio’s 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].

View source version on businesswire.com:https://www.businesswire.com/news/home/20190930005379/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: INTERNET AUDIO/VIDEO TECHNOLOGY MOBILE/WIRELESS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 09/30/2019 07:00 AM/DISC: 09/30/2019 07:00 AM

http://www.businesswire.com/news/home/20190930005379/en

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