[ad_1]
Pune, India, July 8, 2021 (Global News Service)-Global Video-on-demand market The scale is expected to reach $159.62 billion By the end of 2027. The market value of 2019 is 53.96 billion U.S. dollars and will show Compound annual growth rate of 14.8% During the 2020-2027 forecast period. The global smartphone penetration rate continues to increase, which will create multiple opportunities for market growth. The availability of low-cost cloud platforms will appear to be conducive to market growth. This information was prepared by Fortune Business Insights in a report entitled “Video-on-demand market size, share and COVID-19 impact analysis, according to revenue model (subscription video-on-demand (SVoD), transactional video-on-demand (TVoD), advertising-based video-on-demand ( AVOD)), content types (sports, music, TV entertainment, children, movies, etc.) and regional forecasts, 2020-2027”. The global smartphone penetration rate continues to increase, which will create multiple opportunities for market growth. The availability of low-cost cloud platforms will appear to be conducive to market growth.
To learn more about the short-term and long-term impact of COVID-19 on the market,
Please visit: https://www.fortunebusinessinsights.com/industry-reports/video-on-demand-market-100140
Video-on-demand services have gained popularity in the past few years, mainly due to the increasing use of services such as Netflix and Amazon Prime. The market has gained significant growth from the presence of these companies, and the ease of use of cloud platforms has opened the door to growth. The Internet penetration rate in many countries/regions around the world continues to increase, which bodes well for the growth of the overall market in the next few years. The increase in marketing and advertising investment in video-on-demand services provides a platform for the rapid growth of the market. The implementation of 5G networks will become the threshold for online services, which will completely replace watching movies offline. In the foreseeable future, the existence of several large companies will have a huge impact on market growth.
Highlights of the report:
This research report conducts an in-depth study of the driving factors, constraints and trends related to market growth. In addition, the report also assessed the market segmentation and regional development in detail. In addition, this report also comprehensively analyzes the strategies adopted by leading companies to improve their market position.
COVID-19 impact:
The increase in demand during the Covid-19 pandemic is the result of measures taken to limit the spread of the disease
The recent coronavirus outbreak has had a negative impact on the growth of many business units around the world. With the rapid spread of the disease, governments in many countries/regions are seeking to implement strict measures to minimize the impact of the virus. Therefore, people are becoming more and more hesitant to go out, and the company is implementing a work-from-home policy for employees. These factors have led to a surge in the adoption of video-on-demand services worldwide. Factors driving market growth include the increase in smartphone penetration, the availability of seamless Internet connections, and the ease of use of cloud platforms.
Get a sample PDF manual: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/video-on-demand-market-100140
Regional insight:
north…
The full story on Benzinga.com
[ad_2]
Source link
