According to a latest report published by Future Market Insights, the global video on demand service market is expected to grow at the CAGR of 8.3% during the estimated 2016-2026 period. The report valued the VOD market at US$ 45,034.3 Mn in 2014, which is expected to take a big leap by 2026.
According to the report the surge in the market is due to the changing habits of TV consumers on watching their favorite content on-demand at their convenience.
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