Video on Demand (VoD) Service Market - Impelled by Shift in Consumer's Viewing Preferences and Increasing Penetration of High Speed Internet Infrastructure in Emerging Economies: Global Industry Analysis and Opportunity Assessment, 2016 - 2026
- REP-GB-303
- 2016-02-25
- Category: Electronics, Semiconductors, and ICT
- 127 Pages
- Format:
Introduction
Video on Demand, commonly denoted as VoD, provides consumers a way to watch their desired movies and television shows as per their own convenience. VoD services work similar to the DVR services, which enables users to record their favourite content (shows and movies) or pause it in order to watch it as per their convenience. VoD services are provided by OTT streaming service providers as per ‘pay per view’ business model. This enables users to avail their favourite content and pay for it as per their usage.
Market Definition and Scope
Market Dynamics
VoD service enables users to access various type of movies and shows (irrespective of time) on demand. These include classic TV shows, television series, and movies from different decades, multi-ethnic entertainment, news, sports, and commercials. Although, VoD was originally started for movies access, with increasing demand to watch popular TV programmes including TV series and animated kids programs as per users’ convenience, VoD service providers expanded their offerings to include a diverse set of content programmes.
Rise and success of Content on-Demand (CoD) services, ease of access to high fidelity data networks and vertical integration by social media platforms to offer streaming video services are the prominent factors driving growth of the VoD service market currently. Factors such as high bandwidth requirement, no offline availability feature of certain service providers and technical anomalies causing unavoidable interruptions during content play are acting as the potential restraints for the VoD service market.
Market Overview
The global VoD service market was valued at US$ 45.03 Bn in 2014 and is expected to expand at a CAGR of 8.3% during the forecast period (2016–2026). Shift in preference of viewers from television’s linear schedule to viewing content as per their convenience and increasing penetration of high speed Internet network in emerging nations are factors propelling market growth currently.
The global VoD service market is classified on the basis of content type into animation and others. The animation segment was valued at US$ 7.38 Bn in 2014 and is anticipated to register a CAGR of 9.7% during the forecast period. Presently, the ‘others’ (excluding animation content) segment dominates the global VoD service market. However, with the growing popularity of top rated animation programmes such as Harry the Bunny, Numbers around the Globe, Rainbow Horse, Blue's Room and Curious George (All from the U.S.) on VoD platforms, the others segment is expected to lose a significant market share during the forecast period.
Currently, North America leads the market for animation content as part of VoD service. According to FMI analysis, the North America VoD service market, in terms of animation content, was valued at US$ 3.04 Bn in 2014 and is estimated to reach US$ 3.30 Bn by 2015 end. The dominance of VoD service market in North America is attributed mainly to the popularity of animation content due to the historic presence of animation content creators in this region, coupled with the lucrative deals offered by VoD service providers to attract customers and growing demand for animation series such as Ghostbusters, Batman and Avatar: The Last Airbender on VoD platforms, which in turn is propelling growth of the North America VoD service market currently. Additionally, partnerships of content providers with the consumer electronics industry players is further encouraging the adoption of VoD service in this region. In March 2015, Home Box Office, Inc. (HBO) entered into a three-month partnership with Apple Inc. to extend its new HBO Now service on Apple devices. With the introduction of HBO’s dedicated VoD services on Apple’s devices, iPhone or iPad users are now able to access original HBO content at nominal subscription charges.
The market in Asia Pacific (excluding Japan) is anticipated to register the highest growth during the forecast period. This is primarily attributed to the growing subscriber base of high speed Internet services in the region, creating potential opportunities for VoD service providers, including Netflix, Hulu and Home Box Office, Inc. (HBO). In addition, rising smartphone and tablet penetration in emerging economies, such as India, China, Philippines and Indonesia, is expected to further pave way for growth of the VoD service market in the region during the forecast period.
Key Players
Key players in the VoD service market include Netflix, Apple Inc., Comcast Corporation, Amazon Video (VoD), YouTube, LLC, Vudu, Inc., Hulu, Dish Network, Home Box Office Inc. and Sky UK Limited. Leading animation content creators in the market are The Walt Disney Company and Fox Entertainment Group.
Introduction
Video on demand (VoD) is an interactive service that facilitates the users to view their favourite content (especially shows and movies) in real time as per their convenience. Internet enabled smart TVs, smartphones and tablets are increasingly becoming a popular platform for availing VoD services globally.
Factors such as increasing penetration of high speed Internet infrastructure in the emerging economies and vertical integration by social media platforms to offer streaming video services are primarily driving growth of the global VoD services market currently.
Report Synopsis
Future Market Insights offers a 10-year forecast of the global VoD service market between 2016 and 2026. The report defines 2014 as the base year and provides data for the following 12 months. In terms of value, the VoD service market is expected to register a CAGR of 8.3% during the forecast period.
Report Description
This research report provides a detailed analysis of VoD services to identify factors driving the popularity of these services among users. This study demonstrates market dynamics and trends in the concerned regions, which are expected to influence the current nature and future status of the VoD service market during the forecast period. A detailed analysis of the value chain further empowers clients to formulate strategies for every stage of their business.
With the success of Content on Demand (CoD) services offered by service providers such as Netflix, Amazon Video and Hulu, cable TV content providers are also introducing VoD services for subscribers who wish to access their favourite content (show and movies) as per their convenience, in turn advancing the adoption of VoD services further. Additionally, ease of access to high fidelity data networks and introduction of their own streaming video services by the leading social media players are among the major factors stimulating the market growth currently.
This report provides FMI’s analysis on key trends, drivers and restraints influencing the global VoD service market. The weighted average model is leveraged to identify the impact of the key growth drivers and restraints across various geographies, in order to help clients achieve a categorical view of the market.
On the basis of content type, the market is segmented into animation and others. A detailed analysis of every segment has been provided in terms of market size. The animation segment is further sub-segmented into content based on kids, movies and others. The report provides a detailed analysis of each segment in terms of its market value (US$ Mn) in the global as well as region based VoD service market. Key regions assessed in this report include North America, Latin America, Western Europe, Asia Pacific (excluding Japan), and Rest of the World. In addition, a detailed analysis covering key trends, absolute dollar opportunity and BPS analysis of VoD service market has also been presented.
Given the ever-fluctuating global economy, the report not only forecasts the market on the basis of CAGR, but also analyses the impact of key parameters during each year of the forecast period. This helps client to understand the predictability of the market and to identify the right opportunities in the market during the forecast period. Also, a significant feature of this report is the analysis of all vital segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for assessing the level of revenue opportunity in the market.
Research Methodology
In order to evaluate the market size, revenue generated by the VoD service providers and content creators has been taken into consideration. Number of existing subscribers watching on demand paid content across each region and their average yearly spending on packages offered – including different content offered by VoD service providers, was taken into account for estimating market revenue across respective regions. Also, the number of users willing to pay for on-demand services has been taken into account to track the growth of the market during the forecast period. Moreover, market estimates have been analysed keeping in mind different factors including technology, environment, economic, legal, and social. In order to provide correct market forecast statistics, the current market was sized, as it forms the basis of VoD service market during the forecast period. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of data, namely secondary research, primary research, and data from paid databases. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Secondary research includes key players’ product literature, annual reports, press releases and relevant documents, recent trade journals, technical writing, Internet sources, trade associations, agencies and statistical data from government websites. This collated data from primary and secondary data sources is then analysed by the in-house research panel using market research statistical tools.
Key Segments Covered
-
By Content Type
-
Animation
- Kids
- Movies
- Others
- Others
-
Animation
Key Regions/Countries Covered
-
North America
- U.S.
- Canada
-
Latin America
- Brazil
- Argentina
- Mexico
-
Western Europe
- Germany
- U.K.
- Denmark
- Norway
- Sweden
- Finland
- Rest of the Western Europe
-
Asia Pacific Excluding Japan (APEJ)
- China
- India
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APEJ
- Rest of the World
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Global Video On Demand Service Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.1.3. Evolution (VoD and Animation Content)
4.2. Value Chain
4.3. Global Video on Demand (VoD) Service Market Analysis
4.3.1. Y-o-Y Projection
4.3.2. Absolute $ Opportunity
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Impact Analysis of Drivers & Restraints
5. Global Video On Demand Service Market Analysis, By Content Type
5.1. Introduction
5.1.1. BPS Analysis, 2016 & 2026
5.1.2. Y-o-Y Projection and Absolute $ Opportunity
5.2. Market Value Forecast
5.2.1. Animation
5.2.1.1. Kids
5.2.1.1.1. Value Forecast, 2014-2026
5.2.1.1.2. Absolute $ Opportunity
5.2.1.2. Movies
5.2.1.2.1. Value Forecast, 2014-2026
5.2.1.2.2. Absolute $ Opportunity
5.2.1.3. Others
5.2.1.3.1. Value Forecast, 2014-2026
5.2.1.3.2. Absolute $ Opportunity
5.2.2. Others
5.2.2.1. Value Forecast, 2014-2026
5.2.2.2. Absolute $ Opportunity
5.3. Market Attractiveness Analysis, By Content Type
6. Global Video On Demand Service Market Analysis, By Region
6.1. Introduction
6.1.1. BPS Analysis, 2016 & 2026
6.1.2. Market Attractiveness Analysis, By Region
6.2. Global Video On Demand Service Market Forecast By Region
6.2.1. North America
6.2.2. Western Europe
6.2.3. Asia Pacific Excl. Japan
6.2.4. Latin America
6.2.5. Rest of the World
7. North America Video On Demand Service Market Analysis
7.1. Introduction
7.1.1. North America Video On Demand Service Market Snapshot
7.1.2. Market value Forecast
7.1.2.1. Value Forecast, 2014-2026
7.1.2.2. Absolute $ Opportunity\
7.2. North America Video On Demand Service Market Value Forecast By Country
7.2.1. U.S.
7.2.2. Canada
7.3. North America Video On Demand Service Market Value Forecast By Content Type
7.3.1. Animation
7.3.1.1. Kids
7.3.1.2. Movies
7.3.1.3. Others
7.3.2. Others
7.4. Market Trends
7.5. Impact Analysis of Drivers & Restraints
7.6. Competition Landscape: North America
7.7. North America Top Rated On Demand Animated Programs by Country
8. Latin America Video On Demand Service Market Analysis
8.1. Introduction
8.1.1. Latin America Video On Demand Service Market Snapshot
8.1.2. Market value Forecast
8.1.2.1. Value Forecast, 2014-2026
8.1.2.2. Absolute $ Opportunity\
8.2. Latin America Video On Demand Service Market Value Forecast By Country
8.2.1. Mexico
8.2.2. Brazil
8.2.3. Rest of Latin America
8.3. Latin America Video On Demand Service Market Value Forecast By Content Type
8.3.1. Animation
8.3.1.1. Kids
8.3.1.2. Movies
8.3.1.3. Others
8.3.2. Others
8.4. Market Trends
8.5. Impact Analysis of Drivers & Restraints
8.6. Competition Landscape: Latin America
8.7. Latin America Top Rated On Demand Animated Programs by Country
9. Western Europe Video On Demand Service Market Analysis
9.1. Introduction
9.1.1. Western Europe Video On Demand Service Market Snapshot
9.1.2. Market value Forecast
9.1.2.1. Value Forecast, 2014-2026
9.1.2.2. Absolute $ Opportunity\
9.2. Western Europe Video On Demand Service Market Value Forecast By Country
9.2.1. Germany
9.2.2. U.K.
9.2.3. Denmark
9.2.4. Norway
9.2.5. Sweden
9.2.6. Finland
9.2.7. Rest of the Western Europe
9.3. Western Europe Video On Demand Service Market Value Forecast By Content Type
9.3.1. Animation
9.3.1.1. Kids
9.3.1.2. Movies
9.3.1.3. Others
9.3.2. Others
9.4. Market Trends
9.5. Impact Analysis of Drivers & Restraints
9.6. Competition Landscape: Western Europe
9.7. Western Europe Top Rated On Demand Animated Programs by Country
10. APEJ Video On Demand Service Market Analysis
10.1. Introduction
10.1.1. APEJ Video On Demand Service Market Snapshot
10.1.2. Market value Forecast
10.1.2.1. Value Forecast, 2014-2026
10.1.2.2. Absolute $ Opportunity\
10.2. APEJ Video On Demand Service Market Value Forecast By Country
10.2.1. China
10.2.2. India
10.2.3. Indonesia
10.2.4. Malaysia
10.2.5. Philippines
10.2.6. Singapore
10.2.7. Thailand
10.2.8. Vietnam
10.2.9. Rest of APEJ
10.3. APEJ Video On Demand Service Market Value Forecast By Content Type
10.3.1. Animation
10.3.1.1. Kids
10.3.1.2. Movies
10.3.1.3. Others
10.3.2. Others
10.4. Market Trends
10.5. Impact Analysis of Drivers & Restraints
10.6. Competition Landscape: APEJ
10.7. APEJ Top Rated On Demand Animated Programs by Country
11. Rest of the World Video On Demand Service Market Analysis
11.1. Introduction
11.1.1. Rest of the World Video On Demand Service Market Snapshot
11.1.2. Market value Forecast
11.1.2.1. Value Forecast, 2014-2026
11.1.2.2. Absolute $ Opportunity
11.2. Rest of the World Video On Demand Service Market Value Forecast By Content Type
11.2.1. Animation
11.2.1.1. Kids
11.2.1.2. Movies
11.2.1.3. Others
11.2.2. Others
11.3. Impact Analysis of Drivers & Restraints
11.4. Competition Landscape: Rest of the World
Table 1: Global VoD Service Market Value and Absolute $ Opportunity Forecast By Content Type, 2014–2026 (US$ Mn)
Table 2: Global VoD Service Market Value and Absolute $ Opportunity Forecast By Animation Segment, 2014–2026 (US$ Mn)
Table 3: North America VoD Service Market Value Forecast, By Country, 2014–2026 (US$ Mn)
Table 4: U.S. VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 5: U.S. VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 6: Canada VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 7: Canada VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 8: Latin America VoD Service Market Value Forecast, By Country, 2014–2026 (US$ Mn)
Table 9: Mexico VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 10: Mexico VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 11: Brazil VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 12: Brazil VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 13: Rest of Latin America VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 14: Rest of Latin America VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 15: Western Europe VoD Service Market Value Forecast, By Country, 2014–2026 (US$ Mn)
Table 16: Germany VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 17: Germany VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 18: U.K. VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 19: U.K. VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 20: Denmark VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 21: Denmark VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 22: Norway VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 23: Norway VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 24: Sweden VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 25: Sweden VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 26: Finland VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 27: Finland VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 28: Rest of the Western Europe VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 29: Rest of the Western Europe VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 30: APEJ VoD Service Market Value Forecast, By Country, 2014–2026 (US$ Mn)
Table 31: China VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 32: China VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 33: India VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 34: India VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 35: Indonesia VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 36: Indonesia VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 37: Malaysia VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 38: Malaysia VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 39: Philippines VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 40: Philippines VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 41: Singapore VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 42: Singapore VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 43: Thailand VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 44: Thailand VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 45: Vietnam VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 46: Vietnam VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 47: Rest of APEJ VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 48: Rest of APEJ VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Table 49: RoW VoD Service Market Value Forecast, By Content Type, 2014–2026 (US$ Mn)
Table 50: RoW VoD Service Market Value Forecast, By Animation Segment, 2014–2026 (US$ Mn)
Figure 1: Global VoD Service Market Forecast (2014–2026) & Y-o-Y Growth (2015–2020)
Figure 2: Global VoD Service Market Absolute $ Opportunity, 2014–2026
Figure 3: Global VoD Service Market Share By Content Type, 2016 & 2026
Figure 4: Global VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020), By Animation Segment
Figure 5: Global VoD Service Market Absolute $ Opportunity By Animation Segment, 2014–2026
Figure 6: Global VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020), By Others Segment
Figure 7: Global VoD Service Market Absolute $ Opportunity By Others Segment, 2014–2026
Figure 8: Global VoD Service Market Attractiveness By Content Type, 2016–2026
Figure 9: Global VoD Service Market Share By Region, 2016 & 2026
Figure 10: Global VoD Service Market Attractiveness By Type, 2016–2026
Figure 11: North America VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020)
Figure 12: North America VoD Service Market Absolute $ Opportunity, 2014–2026
Figure 13: Latin America VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020)
Figure 14: Latin America VoD Service Market Absolute $ Opportunity, 2014–2026
Figure 15: Western Europe VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020)
Figure 16: Western Europe VoD Service Market Absolute $ Opportunity, 2014–2026
Figure 17: APEJ VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020)
Figure 18: APEJ VoD Service Market Absolute $ Opportunity, 2014–2026
Figure 19: RoW VoD Service Market Value Forecast (2014–2026) & Y-o-Y Growth (2015–2020)
Figure 20: RoW VoD Service Market Absolute $ Opportunity, 2014–2026