Global Video on Demand (VoD) Market growing At a Phenomenal Pace to Reach USD 87.6 Billion Globally By 2026 - Zion Market Research

VoD is a system that allows the user to select and watch the video context whenever they desire. It can easily be implemented by using electronic devices such as smartphones, smart TVs laptops, tablets, etc. Subscription for VoD is in budget and has secure gateways. In case the broadband or the wide fidelity networks are not supported to the device or presence of jammers may affect the quality of service provided by VoD.

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Amongst the classification of product Internet Protocol Television (IPTV) triggers the market growth as it owes the latest technological innovation. IPTV is a secure and reliable way to subscribe to the channels. One can watch the television and surf the internet simultaneously by using IPTV. The Quality of Service (QoS) is sustained by using network management, bandwidth provisioning, and routing management. IPTV is sponsored and maintained by large telecom providers for replacing products for digital cable and satellite services. The ease of availability for broadband is triggering the demand for this market.

The commencement of Over-the-top (OTT) video streaming boards, such as Netflix, Hotstar, and Amazon Prime, tied with the growing internet penetration and is accountable for the growth of digital video consumption. OTT services employ the comfort for individual viewership hence, proposing the convenience in terms of time, place and device. OTT offers a wide range of alternatives for the payment. The payment gateways are secure and no private data is leaked. The user can recharge their subscriptions according to their needs.

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North America and Europe are dominant in the market for VoD as it exhibits the fastest growing technology. Asia Pacific region shows the highest growth rate for the VoD market. The proliferation of smart devices broadband, internet connectivity and the emergence of 4G & 5G is enhancing the regional market shares of China and Japan.

The market contributors to digital media fields such as Apple TV, Amazon, Netflix, and Hulu are stimulating the traditional televisions that are seen as entertainment hubs. Some of the key market players in the market are Netflix, Amazon, Google, YouTube, Apple, HBO, Cisco, Roku, IndieFlix, Vudu, Hulu, Comcast, Akamai, Huawei, Fujitsu, CenturyLink, Muvi, Vubiquity among others.

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This report segments the Video on Demand ( VoD) Market as follows:

Global Video on Demand (VoD) Market Analysis by Product

Global Video on Demand (VoD) Market Analysis by Technology

Global Video on Demand (VoD) Market Analysis by Application

Global Video on Demand (VoD) Market Analysis by End users

Global Liquid Crystal Display Television (LCD-TV) Market Analysis by Region

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

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