Global Video on Demand Market by Revenue Model, Platform, Applications, Industry Verticals, Geography and Vendors - Market Shares, Forecasts and Trends (2015 - 2020)

LONDON, Sept. 23, 2015 /PRNewswire/ -- Video on demand is a system in which users can select and watch desired content as per their convenience and have necessary control over the viewership. It empowers a viewer to watch content as per their suitability with optimal control to enhance their overall video experience. A user can either pay-per-view or subscribe the service with either monthly or an annual plan. The system enables the user to either stream or download the content at a time and place of their convenience. To provide better user controllability, the system provides the transfer of digitally compresses and encoded content from a video server to the set of terminal at the subscriber end, where the content is reassembled, decoded and presented to the viewer.

The Global Video on Demand Market is estimated to be worth $47.25 billion in 2015 and is expected to reach $74.81 billion by 2020, at a CAGR of 9.63%. North America holds the major share of market with Asia Pacific being the fastest growing region. The need to have control over viewership, and increasing demand to empower viewer and enhance video experience are driving factors of the market. Whereas, limitedavailability of content that results in limited choice for user and issues related to content licensing are constraining the video on demand market.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-video-on-demand-market-by-revenue-model-platform-applications-industry-verticals-geography-and-vendors---market-shares-forecasts-and-trends-2015---2020-300148230.html

SOURCE ReportBuyer

[ Back To TMCnet.com's Homepage ]