Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Asia-Pacific Will Pip Western Europe As The Top Market For VOD Services In 2020

Roshan Dwivedi Published on : 20 October 2015
Video On Demand Market Future Market Insights Report

 

The new Future Market Insights report is out for VOD services. It reports that the global Video on Demand (VOD) market will reach US$ 263 billion by 2016, growing up from an US$ 207 billion in 2014. The ever-growing demand for on-demand content and the growing penchant for OTT video services is strengthening VOD foothold in the market and is expected to stay strong till 2020.

As of now, North America and Western Europe are the two largest markets in the VOD market. Asia Pacific till date has a 13% share in the global VOD market but according to this new report, may go on to represent over 22% market by 2020.

North American VOD players will take home a whopping USD 100 billion by the end of 2015 while Western Europe is set to reach USD 55.6 billion. In Western Europe, a healthy growth of demand has been pegged at 4% annually. But the major surprise has been the Asia Pacific Excluding Japan market. The APEJ market is reportedly going to zoom past the USD 80 billion mark by 2020, driven by strong demand for Pay-TV.

 

 

 

Written by: Roshan Dwivedi

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
May 30

9:00AM PST

API Security in Video Streaming

While video streaming, we have to deal with a lot of data which is sensitive and confidential related mostly to users and content. In order to keep that…...

Event Language: English
30 Minutes