According to the report published by Allied Market Research,” Video On Demand Market By Deployment Type (Public, Private And Hybrid), Usage Type (Analytics, Data Mining And Reporting), Application (Supply Chain Management, Asset Management, Customer Analytics And Fraud Detection And Threat Management), Organizational Size (Small And Medium Enterprise, Large Enterprise), Industry Vertical (IT & Telecom, BFSI, Retail And E-Commerce, Mobile And Entertainment, Government, Healthcare & Life Science, Travel & Hospitality) : Global Opportunity Analysis And Industry Forecast, 2022-2029″.

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Rise in the adoption of mobile devices for watching online content, and numerous benefits provided by video on demand platforms such as convenience, connectivity, cost, variety, personalized content, and others drive the growth of this video-on-demand market. In addition, extensive growth of online video in developing economies such as India, China further fuels the growth of the market. However, piracy, illegal downloading, country-specific rules, and regulations are some of the factors which can hinder the growth of the market. Furthermore, the rise in the adoption of mobile TV and multi-screen services for content viewing, and growing online users across the globe provides numerous opportunities for the video on demand market.

Video on demand is currently being delivered by streaming service providers where the customer would be able to choose videos that are included in the catalog and watch them wherever and as often as the customer want. In addition to this, the video on demand does not have any contractual obligations and it helps the customer feel free. Moreover, with the video on demand, the customer has choices of different subscription and those multiple subscription is still less than the traditional one which makes the customer value for money and thus making it as a key driving factor for the growth of this video on demand market.

Content piracy continues to be a major obstacle for content owners and broadcasters as the video content could be stored in digital formats. In today’s video streaming landscape, piracy has a substantial impact on revenue with illegal downloading. For instance, streaming of TV shows and movies projected to cost the TV & film industry USD 51.6 billion globally by 2022. The content piracy problem continues to escalate within this space which hinders the growth of the video on demand market.

Profiling Key Players: IBM Corp., Intel Corp., DXC technology Ltd., BAE system corp., CA Technologies, Cisco Systems Corp., General Dynamic Corp., Lockheed Martin Corp., Raytheon Company Boeing Corp.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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