Written by: Roshan Dwivedi
The number of subscription video on demand (SVOD) services is expected to reach 546 million by 2022. It is expected to double the 263 million by end of 2016, according to the latest study from Digital TV Research. It covers 621 platforms in 138 countries which means SVoD revenues are expected to get to twice the number in the period hitting $US 41 billion in 2022 as opposed to 17 billion in 2016.
Subscriptions in the Asia Pacific region are all set to overtake North America from next year. Asia Pacific will account for 43% of global SVOD subscribers by 2022. North America will provide 31%, up from 35% in 2016 respectively.
Netflix’s global dominance overall is decreasing to one fourth by 2022, from a third last year.
28 million subs are being added between 2017 and 2022.
Netflix’s global SVoD revenue share will fall to 40% by 2022 from 45% in 2017.