VOD Market To Reach $77.7 Billion By 2024

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TAMPA, Florida — Global Video on Demand (VoD) market is expected to reach USD 77.7 billion by 2024, according to a new research study published by Ameri Research. Swelling demand for VoD programming including long and short term content is a major factor driving market growth significantly over the forecast period.

Media consumption worldwide is increasingly occurring in digital formats.The snowballing increase in the number of digital media players such as Amazon, Netflix, Hulu, Roku, Boxee, and Apple TV are challenging the conventionally maintained domination of the television as the foremost entertainment hub.

Most viewers appear to be augmenting, rather than replacing paid conventional TV services, which is expected to hinder market growth.However, with therapid growth of the VoD programming preferences where viewers can stream or download content from either a traditional TV package or an online source is creating extensive growth opportunities for manufacturers residing in this space.

Key findings from the study: –

Links: Ameri Research