Audio Video on Demand Market to record USD 165.39 Mn growth; Interactive Home Entertainment Market identified as Parent Market — Technavio – QNT Press Release


NEW YORK, Oct. 31, 2022 /PRNewswire/ — The global audio video on demand market is categorized as a part of the global interactive home entertainment market within the global media and entertainment market. The super parent global media and entertainment market covers companies offering products, services, and solutions in advertising, broadcasting, cable and satellite, publishing, movies and entertainment, interactive home entertainment, and interactive media and services. The global interactive home entertainment market covers companies engaged in producing interactive gaming products, including mobile gaming applications. It also includes educational software used primarily in the home. Technavio calculates the global media and entertainment market size based on combined revenue generated by companies engaged in the provision of media, entertainment, and interactive media and services. The parent market is driven by the increasing adoption of mobile gaming and the increasing adoption rate in developing mar kets.

The global audio video on demand market size is expected to grow by USD 165.39 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 13.78% during the forecast period. Download Free PDF Sample Report

Audio Video On Demand Market: Major Growth Drivers

The audio video on demand market growth is expected to be driven by the growth in mobile advertisement spending. Mobile advertising is currently one of the most popular methods of advertising and is mainly driven by the increased penetration of tablets, smartphones, increasing Internet penetration, and the development of various mobile apps. The global mobile app download market recorded 230 billion downloads in 2020 . Service providers are developing mobile applications to provide easy access and usage to customers. The growing adoption of mobile devices and the subsequent increase in mobile application downloads have made most of the songs and albums available in-app for streaming and downloading. Furthermore, these apps also provide an easy payment option for the subscribers of premium services, which attracts more customers. Users are required to fill in their personal details, which helps vendors to retain a larger customer base through targeted advertising. Thus, the growth in mobile advertising spending is driving the growth of the global audio video on demand market.

The report helps businesses create strategies to make the most of future growth opportunities. View Free PDF Sample Report

Reasons to Buy Audio Video On Demand Market Report:
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist audio video on demand market growth during the next five years
  • Estimation of the audio video on demand market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the audio video on demand market across North America, EuropeAPAC, Middle East and Africaand South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of audio video on demand market vendors. BUY NOW

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Full story available on Benzinga.com



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Audio Video On Demand Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 13.78%

Market growth 2022-2026

USD 165.39 billion

Market structure

Fragmented