VIDEO ON DEMAND (VOD) MARKET GROWTH, OPPORTUNITIES BUSINESS SCENARIO, SHARE, GROWTH SIZE, SCOPE, KEY

Sheetal2316 Jul, 2024Technology

The global Video on Demand Market will grow from USD 146.6 billion in 2023 to USD 270.3 billion by 2028 at a compounded annual growth rate (CAGR) of 13.0% during the forecast period. Video on Demand (VoD) is a digital service that allows users to select and watch video content whenever they choose, rather than having to watch at a scheduled broadcast time. This service offers a wide array of content, ranging from movies, TV shows, documentaries, and other forms of video entertainment. VoD platforms typically operate on a subscription-based model, where users pay a monthly fee for unlimited access to the content library or on a pay-per-view basis, where users are charged for each piece of content they choose to watch. This model provides consumers flexibility and convenience, as they can access their desired content on-demand from any internet-connected device, such as smartphones, tablets, smart TVs, or computers.