Written by: Roshan Dwivedi
Global SVOD (subscription video on demand) is on track to end the year of 2015 with a growth spurt of 42 million new subscribers across 200 countries taking global subscriptions to 161 million.
Forecasts from a new report from Digital TV Research claim that by 2020 home penetration of subscription VOD services will reach 306 million across 200 countries. If the global growth forecasts are correct the estimates would suggest that nearly 145 million SVOD subscribers are poised to be added between 2015 and 2020 , a staggering 90% increase.
In the lead up to 2020, China is forecast to increase by 20 million subs, with the United States bringing in an extra 22 million, Japan 9 million and India over 7 million.
Leading SVOD provider Netflix is anticipated to have almost 115 million paying subscribers by 2020, adding 44 million subs between 2015 and 2020.
Source : Whatech
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