What is the projected growth rate of the video on demand (VOD) market from 2024 to 2031?
The global VOD market is expected to grow at a remarkable 17.4% CAGR during this period, driven by factors like rising smartphone usage and increasing online user base.
Who are the leading players in the VOD market?
Global giants like Apple, Netflix, Amazon, and Disney dominate the market, while regional players like Walmart and Discovery are also making significant strides.
Which region is predicted to be the fastest-growing in the VOD market?
The Asia Pacific region is poised for the highest CAGR and incremental growth, fueled by surging demand in countries like China, Japan, and India.
What are the major challenges facing the Video on Demand market?
The Video on Demand market faces challenges like piracy, content licensing costs, competition from traditional media, and managing content across multiple devices and platforms.