Video-on-Demand Market Worth $528.9 Billion by 2034, At a CAGR of 11.67% _ BIS Research

1. Video-on-Demand (VoD) Market Worth $528.9 Billion by 2034, At a CAGR of 11.67% | BIS Research The global video-on-demand (VoD) market is experiencing a significant surge, propelled by a variety of key factors and dynamics. Considering the optimistic scenario, the market is valued at $175.4 billion in 2024 and is expected to grow at a CAGR of 11.67% to reach $528.9 billion by 2034. According to a research report “video-on-demand (VoD) Market by Application (Entertainment, Education, News and Information, Sports, and Others), Content Type (Movies, TV Shows, Web Series, and Others), Revenue Model (Subscription Video-on-demand (SVOD), Transactional Video-on-demand (TVOD), Ad-Supported Video-on-demand (AVOD), and Others), Content Licensing Type (Licensed Content, and Original Content), and Region — Forecast to 2034″ published by BIS Research, The global video-on-demand (VoD) market is experiencing robust growth, propelled by several key factors and market drivers. Considering the optimistic scenario, the market is expected to be valued at $175.4 billion in 2024 and is projected to grow at a CAGR of 11.67% to reach $528.9 billion by 2034. Browse in-depth TOC on “video-on-demand (VoD) Market Focus on Application, Content Type, Revenue Model, Licensing Type, and Region - Analysis and Forecast, 2024-2034″ Click here to download free Sample Report.

2. The increasing demand for video content across industries serves as a significant driver for the global video-on-demand (VoD) market. Industries across the spectrum, including entertainment, education, healthcare, marketing, and corporate sectors, are recognizing the power of video in engaging audiences, conveying messages effectively, and driving business objectives. This trend is fueled by the growing preference for visual content among consumers, who find videos more engaging, memorable, and shareable compared to traditional text-based or static media. As the demand for on-demand video content continues to surge, video-on-demand providers are focusing on enhancing the quality and variety of their offerings, investing in original content production, and leveraging advanced technologies such as artificial intelligence and machine learning for content recommendation and personalization. Additionally, the proliferation of high-speed internet connectivity and the widespread adoption of smartphones and smart TVs are further driving the expansion of the video-on-demand market. Emerging Trends in VoD Content Personalization and AI Integration: Personalization has become a key differentiator in the VoD space. Streaming services are leveraging artificial intelligence (AI) and machine learning algorithms to provide tailored recommendations based on viewing history, preferences, and behavior. This level of personalization enhances user experience and keeps viewers engaged. Original Content Production: To stand out in a crowded market, VoD platforms are investing heavily in original content. Netflix, for instance, has successfully built its brand on exclusive shows and movies. Original content not only attracts subscribers but also reduces reliance on third-party content providers. Growth of Niche Platforms: While mainstream services dominate the market, niche VoD platforms catering to specific genres or demographics are gaining traction. Services focused on anime, independent films, or regional content are carving out their own space, appealing to specialized audiences. Integration of Live Streaming: The convergence of live streaming with VoD services is another notable trend. Platforms are incorporating live events, sports, and news into their offerings, providing a comprehensive entertainment experience that blends on-demand content with real-time broadcasts. Ad-Supported Models: Ad-supported VoD (AVoD) services are on the rise, offering free access to content with advertisements. This model provides an alternative for cost-conscious consumers and is being

3. adopted by major players like Hulu and Peacock, creating new revenue streams and expanding market reach. The Future of VoD The future of the VoD market is poised for continued innovation and growth. As technology evolves and consumer preferences shift, VoD services will need to adapt and evolve. The integration of virtual reality (VR) and augmented reality (AR) could offer immersive viewing experiences, while blockchain technology might revolutionize content distribution and rights management. Moreover, as the competition intensifies, there will be a greater focus on creating unique and high-quality content to attract and retain subscribers. The ability to offer personalized experiences and diverse content will remain crucial for success in this ever-expanding market. Key Market Players and Competition Synopsis The companies that are profiled in the global video-on-demand (VoD) market have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the prominent companies in this market are: • Netflix, Inc. • Amazon.com, Inc. • Hulu LLC • Apple, Inc. Key Questions Answered in this Report: • What are the main factors driving the demand for video on demand (VoD) market? • What are the major patents filed by the companies active in the global video on demand (VoD) market? • Who are the key players in the global video on demand (VoD) market, and what are their respective market shares? • What partnerships or collaborations are prominent among stakeholders in the global video on demand (VoD) market? • What are the strategies adopted by the key companies to gain a competitive edge in video on demand (VoD) industry?

4. • What is the futuristic outlook for the video on demand (VoD) market in terms of growth potential? • What is the current estimation of the global video on demand (VoD) market, and what growth trajectory is projected from 2024 to 2034?