Global Video on Demand (VoD) Service Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Revenue Model;
Near Video on Demand (NVOD), Subscription Video on Demand (SVOD), Transactional Video on Demand (TVOD), and Others.By Device Used;
Mobile, PCs, Tablets and TV.By Content Type;
Music, Videos/Movies, Sports, and Kids Content.By Application;
Entertainment, Education & Training, Network Video Kiosks, Online Commerce, Digital Libraries, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Video on Demand (VoD) Service Market (USD Million), 2021 - 2031
In the year 2024, the Global Video on Demand (VoD) Service Market was valued at USD 74,066.37 million. The size of this market is expected to increase to USD 142,507.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.8%.
The Global Video on Demand (VoD) Service Market has witnessed exponential growth propelled by advancements in digital technology and shifting consumer preferences towards on-demand content consumption. VoD services offer a diverse array of content, ranging from movies, TV shows, documentaries to user-generated videos, accessible anytime, anywhere, and on various devices. This market's landscape is characterized by a dynamic interplay of drivers, restraints, and opportunities shaping its trajectory.
Technological innovations have revolutionized the entertainment industry, fostering the proliferation of VoD platforms. The market is fueled by factors such as the ubiquity of high-speed internet, the proliferation of smart devices, and the democratization of content creation. This has enabled providers to cater to a global audience, transcending geographical barriers.
However, alongside the drivers lie formidable restraints, including escalating content licensing costs, regulatory hurdles, and piracy concerns, challenging the market's growth. Moreover, intensifying competition and evolving consumer preferences pose significant challenges to VoD service providers, necessitating strategic adaptations to stay relevant in a fiercely competitive landscape.
Nevertheless, amidst these challenges, numerous opportunities abound for market players. Expanding into emerging markets, leveraging artificial intelligence for content curation, and forging strategic partnerships are avenues ripe for exploration. Additionally, advancements in data analytics offer invaluable insights into consumer behavior, enabling personalized content recommendations and targeted advertising solutions.
The future of the Global Video on Demand Service Market is poised for further evolution and innovation. As technology continues to advance and consumer expectations evolve, successful players will be those who adeptly navigate the dynamic landscape, capitalizing on emerging trends and leveraging strategic partnerships to deliver compelling content experiences to audiences worldwide.
Global Video on Demand (VoD) Service Market Recent Developments
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In February 2024, Netflix announced Expedia Group will be its first global advertising partner to activate a multi,market campaign on the streamer’s ad,supported plan throughout 2024. Through this partnership, Expedia Group will accelerate its international expansion while also reinforcing Netflix’s multi,country advertising offering to marketers and members.
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In January 2024, The Walt Disney Company's collaboration with Apple Vision Pro represents leaps forward into the future of entertainment and storytelling. By harnessing the capabilities of Apple's cutting,edge augmented reality (AR) technology, Disney aims to revolutionize how audiences experience their beloved stories and characters.
Segment Analysis
The Global Video on Demand (VoD) Service Market is segmented by revenue model, device used, content type, and application, offering a diverse landscape driven by consumer preferences and technological advancements. The revenue model segment includes Near Video on Demand (NVOD), Subscription Video on Demand (SVOD), Transactional Video on Demand (TVOD), and others. SVOD is the dominant model, with platforms like Netflix, Amazon Prime Video, and Disney+ offering subscription-based access to vast content libraries. This model is popular due to its predictable pricing and convenience. TVOD, on the other hand, appeals to consumers who prefer pay-per-view options, allowing for flexible access to individual movies or TV shows without committing to a subscription. NVOD is less common but still used by cable and satellite providers, offering a scheduled selection of content available on-demand. The others category encompasses hybrid models, combining features of SVOD, TVOD, and ad-supported models, giving platforms flexibility to cater to a broader audience.
In terms of device used, the VoD market is driven by mobile, PCs, tablets, and TV devices. Mobile devices are increasingly becoming the primary means of accessing VoD services, thanks to the widespread use of smartphones and mobile apps, offering consumers the flexibility to watch content on-the-go. PCs and tablets also remain significant, with users seeking larger screens for a more immersive viewing experience, especially in personal or home settings. TV remains a key device for home entertainment, with smart TVs and connected devices like Roku and Apple TV offering easy access to streaming platforms. The increasing integration of VoD apps into TV platforms is boosting the demand for TV-based viewing, particularly as smart TVs become more affordable and accessible. As each device offers unique benefits, VoD providers are ensuring compatibility across multiple platforms to capture a wide user base.
The content type segment, which includes music, videos/movies, sports, and kids content, reflects the varied preferences of consumers. Videos/movies remain the largest segment, driven by the rise of streaming platforms offering on-demand access to a wide range of movies, TV shows, and original content. Sports content is growing rapidly as sports enthusiasts demand flexible viewing options, with live streaming and on-demand replays becoming essential for sports broadcasters and VoD services. The music segment also plays an important role, with services like YouTube and Spotify offering music videos, live performances, and music streaming content. Kids content has become increasingly important, with platforms like Disney+ offering curated content for younger audiences. In terms of application, the VoD market serves diverse needs, from entertainment to education & training, network video kiosks, online commerce, and digital libraries. As consumers seek more personalized and versatile content, the applications of VoD are expanding beyond traditional entertainment to include e-learning, business content, and digital media libraries. These applications are supporting the market's growth across various sectors, from education and retail to corporate enterprises and public services.
Global Video on Demand (VoD) Service Segment Analysis
In this report, the Global Video on Demand (VoD) Service Market has been segmented by Revenue Model, Device Used, Content Type, Application and Geography.
Global Video on Demand (VoD) Service Market, Segmentation by Revenue Model
The Global Video on Demand (VoD) Service Market has been segmented by Revenue Model into Near Video on Demand (NVOD), Subscription Video on Demand (SVOD), Transactional Video on Demand (TVOD), and Others.
The Global Video on Demand (VoD) Service Market is segmented by revenue model into Near Video on Demand (NVOD), Subscription Video on Demand (SVOD), Transactional Video on Demand (TVOD), and others, each catering to different consumer preferences and business strategies. Near Video on Demand (NVOD) is a model that offers a limited number of scheduled programs at specific times but with the flexibility of on-demand access. This model is commonly used by cable and satellite TV providers, where users can choose from a set of programs that are broadcast at specific times but still within an on-demand structure. Although it was more popular in the early stages of VoD development, NVOD has become less prevalent as consumers increasingly demand complete control over their viewing experience.
Subscription Video on Demand (SVOD) is one of the dominant revenue models in the VoD market, with services like Netflix, Hulu, and Amazon Prime Video leading the charge. SVOD allows users to pay a recurring subscription fee in exchange for unlimited access to a vast library of content, including movies, TV shows, and original programming. This model has become incredibly popular due to its predictable pricing, diverse content offering, and the rise of binge-watching culture. As more consumers cut the cord and shift away from traditional cable subscriptions, SVOD is expected to continue its rapid growth, especially in emerging markets where internet access is improving.
Transactional Video on Demand (TVOD) operates on a pay-per-view model, where users pay for individual content items, such as a movie rental or a single episode of a series. TVOD is particularly attractive for consumers who prefer to pay for specific content rather than committing to a subscription. This model is commonly used by services like Apple TV, Google Play, and Amazon Video, where users can rent or purchase movies or TV shows without the need for an ongoing subscription. The flexibility of TVOD appeals to casual viewers who are not regular consumers of streaming content. Additionally, the others category in the revenue model includes hybrid models that combine elements of SVOD, TVOD, or ad-supported models, giving providers the flexibility to cater to a variety of consumer preferences. As the VoD market continues to evolve, these revenue models will play a crucial role in shaping the profitability and consumer engagement of streaming platforms.
Global Video on Demand (VoD) Service Market, Segmentation by Device Used
The Global Video on Demand (VoD) Service Market has been segmented by Device Used into Mobile, PCs, Tablets and TV.
The segmentation of the Global Video on Demand (VoD) Service Market by the device used underscores the diverse array of platforms through which consumers access on-demand content. This segmentation recognizes the evolving landscape of digital consumption, reflecting the proliferation of various devices and their distinct roles in shaping viewing habits.
Mobile devices represent a significant segment, reflecting the ubiquity of smartphones and the increasing trend towards mobile-centric lifestyles. With the convenience of on-the-go access, consumers can stream content seamlessly, whether during commutes, travels, or leisure time, catering to their need for flexibility and convenience.
PCs remain a staple device for consuming VoD content, particularly in home and office settings. The larger screens and robust processing power offer an immersive viewing experience, ideal for extended viewing sessions and multitasking activities.
Tablets occupy a unique niche, offering a balance between portability and screen size. Their versatility makes them well-suited for both leisurely consumption and productivity tasks, appealing to users seeking a flexible and portable entertainment solution.
TVs, traditionally associated with linear broadcast television, have evolved into smart hubs for accessing on-demand content. The integration of streaming apps and smart TV functionalities has transformed the viewing experience, enabling users to enjoy VoD content on large screens with enhanced audiovisual capabilities, akin to a cinematic experience in the comfort of their homes.
By segmenting the market based on device usage, VoD service providers can tailor their strategies to optimize the user experience across different platforms. Whether through mobile-friendly interfaces, PC optimization, tablet-compatible layouts, or TV app integrations, providers can ensure seamless accessibility and engagement, meeting the diverse preferences of today's digital consumers across a spectrum of devices.
Global Video on Demand (VoD) Service Market, Segmentation by Content Type
The Global Video on Demand (VoD) Service Market has been segmented by Content Type into Music, Videos/Movies, Sports, and Kids Content.
The Global Video on Demand (VoD) Service Market is segmented by content type into several categories, each catering to specific audience preferences and market trends. Music content has seen significant growth in recent years, driven by the increasing popularity of music videos, live concerts, and music streaming services. VoD platforms that offer music-related content allow users to access a wide range of genres, artists, and performances on-demand, making it a highly engaging offering. The demand for music content on VoD platforms is expected to continue to rise as consumers seek more personalized music experiences, often integrated with features like high-definition video and interactive content.
Videos/Movies is one of the largest and most lucrative content categories in the VoD market. With the rise of platforms like Netflix, Amazon Prime Video, and Disney+, consumers now have instant access to a vast library of movies and TV shows. This segment caters to a wide audience, offering everything from blockbuster movies to niche indie films and original productions. The increasing popularity of subscription-based VoD services has driven significant investment in video and movie content, further enhancing the variety available to viewers. As consumers shift away from traditional cable TV to on-demand streaming services, this segment is expected to continue growing rapidly.
The Sports and Kids content segments are also playing a significant role in shaping the VoD market landscape. Sports content offers live streaming and on-demand access to games, matches, and events, attracting sports enthusiasts who want flexible viewing options. With the rise of sports-specific VoD platforms and partnerships with major sports leagues, this segment has become a key driver of market growth, particularly in regions with a high demand for sports like the United States, Europe, and Asia. Meanwhile, kids content is a growing niche, with parents increasingly turning to VoD platforms for child-friendly content that is both entertaining and educational. Platforms such as Disney+ and YouTube Kids have seen success in offering curated content for younger audiences, which is likely to expand as digital-native generations continue to demand on-demand entertainment. Together, these content types form a diverse and dynamic VoD market that is increasingly tailored to consumer preferences and entertainment needs.
Global Video on Demand (VoD) Service Market, Segmentation by Application
The Global Video on Demand (VoD) Service Market has been segmented by Application into Entertainment, Education & Training, Network Video Kiosks, Online Commerce, Digital Libraries, and Others.
The segmentation of the Global Video on Demand (VoD) Service Market by application reflects the diverse range of purposes for which VoD services are utilized, catering to various consumer needs and preferences.
Entertainment stands as the primary application segment, encompassing a wide array of content genres such as movies, TV shows, music videos, and original productions. VoD platforms have become synonymous with leisure and entertainment, offering consumers on-demand access to a vast library of multimedia content to suit every taste and mood.
Education & Training represents a growing segment within the VoD market, leveraging the medium's flexibility and interactivity to deliver educational content, online courses, tutorials, and professional development resources. VoD platforms serve as valuable tools for lifelong learning, providing accessible and engaging educational materials to learners of all ages and backgrounds.
Network Video Kiosks cater to commercial and public settings, offering on-demand video services in locations such as airports, shopping malls, and public transportation hubs. These kiosks provide convenience and entertainment to consumers on the go, enhancing the customer experience in various physical environments.
Online Commerce integrates video content seamlessly into e-commerce platforms, leveraging the power of visual storytelling to showcase products, demonstrate usage, and engage consumers throughout the purchase journey. Video-enabled commerce enhances product discovery, boosts conversion rates, and fosters customer trust and loyalty.
Digital Libraries encompass repositories of archival and cultural content, including historical footage, documentaries, and literary adaptations. VoD services democratize access to cultural heritage and knowledge resources, preserving and disseminating valuable content for future generations.
The "Others" category encompasses emerging and niche applications within the VoD market, such as live events streaming, virtual tours, health and wellness content, and user-generated content platforms. This diverse array of applications underscores the versatility and adaptability of VoD technology in meeting evolving consumer demands and market opportunities.
Global Video on Demand (VoD) Service Market, Segmentation by Geography
In this report, the Global Video on Demand (VoD) Service Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Video on Demand (VoD) Service Market Share (%), by Geographical Region, 2024
The Global Video on Demand (VoD) Service Market Share (%), by Geographical Region, for the previous year reflects the distribution of VoD consumption across different regions worldwide. This metric provides valuable insights into the regional dynamics shaping the VoD landscape and the varying preferences of audiences across different parts of the globe.
In analyzing this data, it's essential to consider the diverse socio-economic, cultural, and technological factors influencing VoD adoption in each region. For instance, developed regions such as North America and Europe typically exhibit high levels of VoD penetration due to factors like widespread internet connectivity, disposable income levels, and a strong culture of digital entertainment consumption. As a result, these regions often command significant market shares in the global VoD landscape.
On the other hand, emerging markets in Asia-Pacific, Latin America, and Africa may exhibit lower but rapidly growing market shares. Factors driving growth in these regions include increasing internet penetration, rising smartphone ownership, and a growing middle class with disposable income for entertainment expenditures. Additionally, localized content offerings and language preferences play a crucial role in shaping VoD consumption patterns in these regions.
Understanding the geographical distribution of VoD market share is vital for stakeholders, including content creators, platform operators, and advertisers, as it informs strategic decision-making related to content licensing, market expansion, and targeted advertising campaigns. By leveraging insights from regional market shares, stakeholders can tailor their offerings to meet the unique preferences and needs of audiences in each geographical region, driving engagement, retention, and ultimately, business success in the global VoD landscape.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Video on Demand (VoD) Service Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Content Diversity Boost
- Technological Advancements
- Growing User Base
- Increasing Internet Penetration
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Mobile Device Adoption - It stands as a pivotal driver propelling the growth of the Global Video on Demand (VoD) Service Market. With the proliferation of smartphones and tablets, consumers have unprecedented access to on-demand content, anytime and anywhere. This ubiquitous connectivity has transformed viewing habits, empowering users to consume content on the go.
The convenience offered by mobile devices aligns seamlessly with the on-demand nature of VoD services, catering to the preferences of an increasingly mobile-centric consumer base. Whether commuting, traveling, or simply relaxing at home, users can effortlessly stream their favorite movies, shows, and videos, enhancing their entertainment experience.
Moreover, the evolving capabilities of mobile devices, including larger screens, improved resolution, and immersive audio technologies, further enhance the viewing experience, rivaling traditional television setups. This convergence of technology and convenience has spurred a surge in mobile-based content consumption, driving demand for VoD services optimized for mobile platforms.
Additionally, the global reach of mobile devices extends the market potential for VoD service providers, tapping into previously untapped demographics and regions. By offering cross-platform compatibility and intuitive mobile applications, providers can capitalize on this trend, fostering user engagement and loyalty.
Looking ahead, the continued proliferation of mobile devices, coupled with advancements in 5G technology and mobile streaming platforms, is poised to amplify the impact of mobile device adoption on the VoD market. As mobile becomes the primary gateway to digital content consumption, providers must prioritize mobile-centric strategies to remain competitive and meet the evolving needs of today's on-the-go consumers.
Restraints:
- Content Licensing Costs
- Bandwidth Limitations
- Regional Regulations
- Content Piracy Concerns
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Niche Content Segmentation- It poses a significant challenge to the Global Video on Demand (VoD) Service Market, compelling providers to navigate an increasingly crowded landscape vying for consumer attention. As the market continues to expand, new entrants emerge alongside established players, amplifying competition and exerting pressure on profitability and market share.
One of the primary drivers of this intensification is the low barrier to entry facilitated by digital technology. With the proliferation of streaming platforms and content creation tools, barriers such as distribution networks and production resources have diminished, democratizing access to the market. Consequently, the market is flooded with a myriad of offerings, ranging from niche platforms catering to specific genres or demographics to global giants with vast content libraries.
Moreover, the fragmented nature of the VoD market further compounds the challenge, as consumers are presented with an overwhelming array of choices, leading to increased churn and subscription fatigue. Providers must contend not only with direct competitors but also with indirect substitutes such as social media platforms and user-generated content sites competing for users' leisure time.
Additionally, the competitive landscape is characterized by aggressive content acquisition and original production strategies employed by market leaders to differentiate their offerings and attract and retain subscribers. This arms race in content creation further escalates costs, particularly in securing exclusive rights to premium content, squeezing margins for smaller players and exacerbating market consolidation trends.
In response to this intensifying competition, VoD service providers must adopt a multi-faceted approach, focusing on differentiation through personalized content recommendations, innovative user experiences, and strategic partnerships. By leveraging data analytics to understand consumer preferences and investing in original content tailored to niche audiences, providers can carve out a competitive edge in a fiercely contested market landscape.
Opportunities:
- Emerging Markets Expansion
- AI-driven Content Curation
- Partnerships and Alliances
- Targeted Advertising Solutions
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Interactive Content Formats - Niche content segmentation presents a compelling opportunity for the Global Video on Demand (VoD) Service Market, enabling providers to cater to diverse and specialized audience preferences with tailored content offerings. In an era of content abundance, consumers increasingly seek personalized and niche experiences that resonate with their unique interests and identities.
The proliferation of VoD platforms has democratized content creation and distribution, empowering creators to produce content catering to specific niches and underserved demographics. This trend is driven by the realization that one-size-fits-all content strategies are no longer sufficient to capture the attention and loyalty of today's fragmented audiences.
By embracing niche content segmentation, VoD providers can tap into underserved markets and cultivate dedicated fan bases, fostering deeper engagement and loyalty. Whether it's niche genres, subcultures, or regional content, catering to specialized interests allows providers to differentiate their offerings in a crowded market landscape and attract passionate audiences.
Moreover, niche content segmentation offers opportunities for targeted advertising and sponsorship deals, as advertisers seek to reach highly engaged and receptive audiences within specific niches. By aligning advertising content with the interests and values of niche audiences, providers can deliver more relevant and impactful advertising experiences, enhancing monetization opportunities.
Additionally, niche content can serve as a driver of subscriber acquisition and retention, as consumers are drawn to platforms offering unique and authentic content experiences that resonate with their passions and identities. Through strategic content partnerships, content licensing agreements, and data-driven content recommendations, providers can curate compelling niche content libraries that cater to the diverse tastes and preferences of today's global audience.
Competitive Landscape Analysis
Key players in Global Video on Demand (VoD) Service Market include:
- Netflix (U.S.)
- Amazon Inc., (U.S.)
- Google Inc., (U.S.)
- Akamai Technologies (U.S.)
- YouTube (U.S.)
- Apple Inc., (U.S.)
- Home Box Office, Inc. (U.S.)
- Cisco Systems, Inc. (U.S.)
- Roku Inc., (U.S.)
- iNDIEFLIX Group Inc (U.S.)
- Fandango (U.S.)
- Hulu, LLC (U.S.)
- Comcast (U.S.)
- Huawei Technologies Co., Ltd. (China)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Revenue Model
- Market Snapshot, By Device Used
- Market Snapshot, By Content Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Video on Demand (VoD) Service Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Content Diversity Boost
- Technological Advancements
- Growing User Base
- Increasing Internet Penetration
- Mobile Device Adoption
- Restraints
- Content Licensing Costs
- Bandwidth Limitations
- Regional Regulations
- Content Piracy Concerns
- Competition Intensification
- Opportunities
- Emerging Markets Expansion
- AI-driven Content Curation
- Partnerships and Alliances
- Targeted Advertising Solutions
- Niche Content Segmentation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Video on Demand (VoD) Service Market, By Revenue Model, 2021 - 2031 (USD Million)
- Near Video on Demand (NVOD)
- Subscription Video on Demand (SVOD)
- Transactional Video on Demand (TVOD)
- Others
- Global Video on Demand (VoD) Service Market, By Device Used, 2021 - 2031 (USD Million)
- Mobile
- PCs
- Tablets
- TV
- Global Video on Demand (VoD) Service Market, By Content Type, 2021 - 2031 (USD Million)
- Music
- Videos/Movies, Sports
- Kids Content
- Global Video on Demand (VoD) Service Market, By Application, 2021 - 2031 (USD Million)
- Entertainment
- Education & Training
- Network Video Kiosks
- Online Commerce
- Digital Libraries
- Others
- Global Video on Demand (VoD) Service Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
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Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Video on Demand (VoD) Service Market, By Revenue Model, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Netflix
- Amazon Inc.
- Google Inc.
- Akamai Technologies
- YouTube
- Apple Inc.
- Home Box Office, Inc.
- Cisco Systems, Inc.
- Roku Inc.
- iNDIEFLIX Group Inc
- Fandango
- Hulu, LLC
- Comcast
- Huawei Technologies Co., Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market