Video On Demand Market - Global Trends, Share, Industry Size, Growth, Opportunities and Forecast - 2022 to 2028

 

Video On Demand Market

With the use of Internet Protocol Television (IPTV) through a broadband connection, Video on Demand (VoD) is a system that enables users to choose, view, and listen to videos and audio content as they like. Among the most popular Video On Demand providers are Telstra T-Box and Apple TV. The process of transforming television signals into digital data is handled by IPTV services. Consequently, IPTV offers information in an IP format. Channels are thus preset in IP format, and data is transmitted to the television via a set top box or other equivalent decoding equipment. IPTV offers a wide selection of videos that are accessible on many different devices and gives consumers the option to set a time limit for watching films.

The Video On Demand Market is expanding as a result of the growing use of mobile devices and the spread of high speed broadband connectivity in all corners of the world. For instance, the prevalence of major digital media companies like Netflix, Hulu, Amazon, and Apple TV has considerably increased the consumption of digital media in the U.S.

Applications of Video On Demand Market-

·        Entertainment

·        Education and Training

·        Network Video Kiosks

·        Online Commerce

·        Digital Libraries

The global Video On Demand Market is predicted to develop as a result of increasing mobile device usage and increasing consumer demand for digital media consumption. Over 2 billion mobile devices were sold worldwide in 2016, according to a Coherent Market Insights survey of the global smartphone market, which saw growth of over 15%. It is therefore anticipated that rising mobile device penetration will boost internet usage. For instance, India saw a 21% increase in internet users in 2016. Consumers will then receive information based on their preferences, entertainment, and social activities at any time and place. Analysis from Coherent Market Insights indicates that as of 2016, more than 80% of all internet traffic was audio and video related worldwide.

Major Companies involved are Alcatel-Lucent, Fujitsu, ZTE Corporation, Ericsson, Huawei Technologies, Akamai Technologies, Inc., Avaya, Level 3 Communications, AT&T, and Cisco.

 

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