According to a new report, published by KBV research, The Global Video on Demand (VoD) Market size is expected to reach $328.8 billion by 2030, rising at a market growth of 13.1% CAGR during the forecast period.
The Cloud segment is leading the Global Video on Demand (VoD) Market by Deployment Model in 2022 thereby, achieving a market value of $216.8 billion by 2030. Cloud computing allows VoD providers to avoid the significant upfront costs of building and maintaining on-premises infrastructure. Pay-as-you-go models offered by cloud providers enable companies to pay only for the resources they use, making it a cost-effective solution. Hence, these factors can drive the growth of the segment.
The Services segment would witness a CAGR of 14.8% during (2023 - 2030). VoD services offer convenience and flexibility, allowing users to access content at their own pace and on multiple devices. Watching movies or TV shows anytime, anywhere, without being tied to a fixed schedule appeals to modern consumers who prioritize flexibility in their entertainment consumption. Therefore, these factors will contribute to increased demand in the segment.
The Smartphones segment is registering a strong potential in the Global Video on Demand (VoD) Market by Platform Type in 2022 thereby, achieving a market value of $139.6 billion by 2030. Advancements in mobile networks, such as 4G and 5G technologies, have enhanced data speeds and connectivity. This allows users to stream high-quality videos seamlessly on their smartphones, encouraging them to consume more content on the go. Smartphones offer the flexibility of watching videos anytime and anywhere. The portability of smartphones allows users to carry their entertainment with them, whether they are commuting, traveling, or simply relaxing at home. Therefore, these aspects can assist in the growth of the segment.
The TV Shows/Web Series market poised to have a CAGR of 12.7% during (2023 - 2030). VoD platforms are making substantial investments in producing original and diverse content to appeal to a wide group of audience interests. The availability of high-quality, exclusive shows and web series encourages subscribers to stay engaged with the platform. VoD platforms enable global access to a vast content library, eliminating geographical restrictions. This allows viewers worldwide to explore and enjoy various TV shows and web series. Therefore, these factors can lead to enhanced demand in the segment.
The Subscription Video on Demand (SVoD) segment is leading the Global Video on Demand (VoD) Market by Monetization Model in 2022 thereby, achieving a market value of $1489 billion by 2030. SVoD services provide on-demand access to a vast library of content, allowing users to watch what they want when they want. This flexibility appeals to consumers who prefer to tailor their viewing experience to their schedules. The availability of SVoD services on various devices, such as smartphones, tablets, smart TVs, and computers, enhances accessibility. Thus, these factors will fuel the demand in the segment.
The Education segment is anticipated to have CAGR of 13.8% during (2023 - 2030). Educational content on VoD platforms is often diverse, covering various subjects and skill levels. This variety allows learners to choose content that aligns with their interests, career goals, or academic needs. Many VoD platforms leverage technology to offer personalized learning experiences. Therefore, these factors can pose lucrative growth prospects for the segment.
Full Report: https://www.kbvresearch.com/video-on-demand-market/
The North America region dominated the Global Video on Demand (VoD) Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $108.4 billion by 2030. The Europe region would witness a CAGR of 12.7% during (2023 - 2030). Additionally, The Asia Pacific region is experiencing a CAGR of 13.8% during (2023 - 2030).
By Deployment Model
By Offering
By Platform Type
By Content-Type
By Monetization Model
By Vertical
By Geography
Unique Offerings 
