Video on Demand Market to Reach $159.62 Billion by 2027; Presence of Several Large Scale
Companies will Provide Impetus to Market Growth, says Fortune Business Insights
Top Players in the global video on demand Market are Alphabet, Inc., Amazon Web Services, Inc., Apple, Inc., Catchplay, CinemaNow, Comcast Corporation, Eros International plc, Fandango Media, LLC, Filmdoo, Gulf DTH FZ LLC, Home Box Office, Inc., HOOQ, Icflix, Iflix, IndieFlix Group, Inc., Joyn GmbH, KWIKmotion, LeEco, Muvi LLC, Netflix, Inc., Rakuten, Inc., Roku, Inc., Tencent Video, Tving, Vivendi, VUDU, Inc., Walt Disney Company, Watcha Play, Youku Tudou, Inc.
Pune, India, July 08, 2021 (GLOBE NEWSWIRE) -- The global video on demand market size is projected to reach USD 159.62 billion by the end of 2027. The market was worth USD 53.96 billion in 2019 and will exhibit a CAGR of 14.8% during the forecast period, 2020-2027. The increasing smartphone penetration across the world will create several opportunities for market growth. The availability of low cost cloud platforms will emerge in favor of market growth. This information was published by Fortune Business Insights in a report, titled “Video On Demand Market Size, Share & COVID-19 Impact Analysis, By Revenue Model (Subscription Video On Demand (SVoD), Transactional Video On Demand (TVoD), Advertisement Based Video On Demand (AVOD)), Content Type (Sports, Music, TV Entertainment, Kids, Movies, and Others), and Regional Forecast, 2020-2027”. The increasing smartphone penetration across the world will create several opportunities for market growth. The availability of low cost cloud platforms will emerge in favor of market growth.
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