Written by: Roshan Dwivedi
According to finding of the report published by Future Market Insights, the global VoD market was valued at US$ 207,125.4 Mn in 2013 and is anticipated to reach US$ 357,273.9 Mn by 2020, registering a single digit CAGR of 8.1% between 2014 and 2020. The global Video on Demand market on the basis of services is segmented into Pay Tv, Subscription based, and Transactional based services. Pay TV services segment accounted for over 90% of the global VoD market in 2014.
However, the Subscription based video on demand services market is expected to expand at a CAGR of 15.8% from 2015 to 2020. The contribution of the Transactional based VoD service market to the overall Global VoD service market is anticipated to increase from 1.9% to 3.8% by 2020, witnessing an increase of 190 BPS.
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