Video On Demand Market Expected to Reach $45.25 Billion by 2018 - Report by MarketsandMarkets
(PRWEB) January 08, 2015 -- The report on "Video On Demand Market” defines and segments the global market with an in-depth analysis of the growth trends and revenue forecasts. The report also analyzes the market on the basis of the major geographic regions including North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Browse “Video On Demand Market” through detailed TOC, data tables and figures spread across over 257 report pages.
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Video on demand service helps in offering internet, telephone, broadcasting and television programs to various industries. These services enable the cable operators or users to access the combined services which are made possible by accessing to the internet protocol. Diversified industries including academics, government, banking, healthcare, media and transportation use video on demand services for education, research, conference and entertainment. It helps in minimizing the expenditure of entry and delivery into internet protocol. The challenges occurring while delivering Video on demand can be overcome by combining on-demand content with live streaming events and various similar solutions.
This report is broadly segmented based on the types of solutions, delivery technologies, applications, business verticals, and geographic regions. As customers want to acquire a large number of programs, they demand high quality videos and this is where an emergence of OTT and IPTV occur. Therefore, TV is no longer considered a push industry because the viewers are now pulling the exact content that they require. As the TV experience is changing rapidly from the traditional linear TV, the OTT viewers are gradually surpassing the IPTV viewers. The Video on demand providers are consolidating their grounds in the highly competitive market through mergers and acquisitions to build feature-rich solutions and attain better market visibility.
MarketsandMarkets forecasts the video on demand market to reach $45.25 billion in 2018. The market is expected to grow at a CAGR of 16.5% during the forecast period. In terms of regions, North America is expected to be the biggest revenue contributor, while Asia-Pacific and Latin America are expected to experience increased market traction, during the same period.
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