marketsandmarketstrends

Video on Demand (VoD) Market size is expected to grow from USD 38.9 billion in 2019 to USD 87.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period according to report published by MarketsandMarkets. The convenience of accessing video anywhere at any time, a higher proliferation of smart devices, high-speed connectivity, and affordability are expected to drive the growth of the Video on Demand (VoD) market across various end users globally. Subscription Video on Demand (SVoD) offers an easy opt-in and opt-out option to the viewers. Subscription-based monetization models are expected to grow at the highest CAGR during the forecast period as it offers a huge variety of entertainment video content, such as Pay TV programming, movies, drama series, and other series, to engage the audience. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1046 By Component, the services segment to hold the largest market size during th...

Video on Demand (VoD) Market size is expected to grow from USD 38.9 billion in 2019 to USD 87.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period according to report published by MarketsandMarkets. The growing demand of personalized Television (TV) series at flexible timings by audience, digital advancement, and Improved connectivity are some of the major factors driving the growth of the VoD market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1046 Based on component, services segment to record a higher growth rate than the software segment during the forecast period By component, the services segment is expected to grow at a higher rate than the software segment during the forecast period. The services segment has a significant influence on the product lifecycle management market growth. The demand for services is increasing with the growing adoption of product lifecycle management solutions by enterprises...