Written by: Roshan Dwivedi
With the rapid growth in OTT services, the global SVoD subscriptions are expected to increase by 439 million between 2019 and 2024. The total number of SVoD subscriptions will reach 1 Billion by the end of 2024, which is approximately a growth of 86%. In 2019 alone, the gross will climb by 119 million worldwide.
As the total SVoD subscriptions are racing towards 1 billion mark, the net subscriber count will also increase by 175 million and will reach a total of 531 million subscribers by 2024. Netflix is supposed to hold a majority of the global SVoD subscriptions i.e. 21% (203 million subscribers) while Amazon Prime will contribute 13% (125 million).