Global Market Study on Ad-Supported Video on Demand: Rising Demand for Live Streaming & Original Content to Support Market Growth


Ad Supported Video On Demand  Market
  • Published On : Sep-2020 |
  • Pages : 275 Pages |
  • Format : Ad Supported Video On Demand  Market Ad Supported Video On Demand  Market Ad Supported Video On Demand  Market Ad Supported Video On Demand  Market

At present, the broadcasting industry and OTT (Over-The-Top) platforms are experiencing an increase in demand for original video content. Key players in the ad-supported video on demand market are spending millions on the production of original content to attract new audiences, as well as to retain existing viewers. Hence, several broadcasters are trying to speed up the growth of their ad-supported video on demand services by developing new and original content to create brand awareness among the audiences.

The quality and availability of premium live content on various devices is still growing, as live video streaming is still in the nascent stage. Viewers who used to watch live sports and events on traditional TV are shifting to such platforms due to the availability of live video content as per users’ convenience. In addition, the number of live events or sports deals are increasing due to increasing demand for video on demand content. Thus, due to the rising demand from audiences for live and original streaming content, the ad-supported video on demand market size is expected to expand at a significant rate over the forecast period of 2020 to 2030.

Ad-Supported Video on Demand Market Trends

Advancements in Video Formats & Devices to Create New Opportunities for Operators: For home videos, UHD or 4K video on demand content is becoming mainstream, and this trend is likely to increase with an increase in the availability of smartphones and tablets that support these formats. A lot of mobile video content is still delivered in non-HD resolutions, but demand for 4K content can be as much as 2-4 times greater than HD; hence, its potential impact on networks is great.

Thus, with demand for increased bandwidth, streaming of higher resolution videos presents an opportunity for operators, as they can leverage their network expertise to provide a superior quality of service by moving toward more advanced 4G networks. Hence, improvements in the quality of video formats is likely to boost opportunities for increasing the subscriptions of ad-supported video on demand (AVOD).

Rising Subscriber Base Due to High-Speed Internet Services Fuelling Market Growth: The launch of 5G networks in many developed countries across various circles is expected to improve the video streaming experience of users. Continuous developments in Internet services is expected to fuel market growth. It is expected that, research on 6G and 7G services in Japan will provide access to networks with ultra-high speeds. This is expected to support the widespread adoption of video on demand services in the near future. Moreover, as the speed of video streaming in developed countries is high, the average session length of video data usage tends to be longer as compared to other regions.

Regional Outlook of Ad-Supported Video on Demand Market

In terms of value, East Asia accounted for the largest ad-supported video on demand market share in 2019, owing to increased growth of video streaming on smartphones in the region. Moreover, South Asia and Pacific and East Asia combined are anticipated to hold almost 50% of the global ad-supported video on demand market share in 2020. Furthermore, the AVOD market in Europe is expected to grow at a significant rate, due to increasing Internet penetration and rise in demand for video on demand services to provide training and education through satellite connectivity.

Ad-Supported Video on Demand Market to Surge under Impact of COVID-19 Pandemic

Among all subscription-based services, ad-supported video on demand has become more popular among cash-strapped consumers affected by rising unemployment brought on by the coronavirus pandemic. Streaming consumption across different options is up more than 70% as compared to last year, accelerated by the COVID-19 outbreak. Lockdowns have altered everyone’s daily routine, forcing people to search for new and engaging ways to pass time.

As such, video on demand services have been positively affected by the COVID-19 pandemic outbreak, more so due to bans imposed on public gatherings. This has led a large number of viewers to shift to video streaming services for media and entertainment. Thus, increasing number of viewers are preferring platforms such as ad-supported video on demand, subscription video on demand, and transaction video on demand, to watch movies and TV shows. This change in consumer preference is propelling the growth of the ad-supported video on demand market at a significant rate.

  • For instance, in July 2020, Amazon.com, Inc. claimed that its monthly ad-supported video on demand streaming audience reach has grown from 20 million in January 2020 to more than 40 million in July. Thus, Amazon is competing with other ad-supported OTT services such as Pluto TV, Hulu, Tubi, and others for a share of the booming AVOD market.

Analysts’ Viewpoint

A comprehensive view of the ad-supported video on demand market has led our analysts to conclude that, the market is escalating at a significant rate. The smart TVs sub-segment holds a major share of the market. However, the smartphones and tablets streaming devices sub-segment is expanding at a significant rate and is expected to dominate the ad-supported video on demand market by 2030. Various ad-supported video on demand platforms are signing deals with other media companies to expand their content library and cater to audiences around the world. Thus, partnerships & collaborations with other AVOD platforms and media companies are some strategies being opted for by key players to fuel their sales growth.

Ad-Supported Video on Demand Market – Report Scope

Persistence Market Research (PMR) recently published a new research analysis on the ad-supported video on demand market for the assessment period of 2020-2030. The research study offers a close look at the evolving aspects of the ad-supported video on demand market, as well as the dynamics impacting market growth. The research study focuses on key developments that have made their mark in the ad-supported video on demand market and other developments that are on the cards. The report talks about various macro- and micro-economic factors responsible for having an in-depth impact on the growth of the ad-supported video on demand market.

A direct market overview provides the growth scenario and market potential with maximum precision, which is adjudged with suitable assumptions. The report features unique and relevant factors that are likely to have a significant impact on the ad-supported video on demand market during the forecast period. This report includes a detailed and considerable amount of information, which will help new manufacturers in the most comprehensive manner for better understanding.

Several stakeholders in the ad-supported video on demand market can rely on the data offered in this research study and delve into pragmatic decision-making. Moreover, information offered in the ad-supported video on demand market report also helps new market entrants expand their bases in this market space.

The report elaborates the historical and current trends molding the growth of the ad-supported video on demand market. The performance journey of the ad-supported video on demand market has been drawn and analyzed in way that the lucrative side of the market is evident to readers. The competitive landscape presented in the ad-supported video on demand market report gives a detailed outlook of the profiles of key companies operating in the market, along with their differential strategies and key focus areas.

Ad-Supported Video on Demand Market: Segmentation

PMR’s research study on the global ad-supported video on demand market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the ad-supported video on demand market has been offered on the basis of content, streaming device, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.

Content

Streaming Device

Region

  • Media & Entertainment
  • Smart TVs
  • North America
  • Travel & Tourism
  • Laptops & Desktops
  • Latin America
  • Sports
  • Smartphones & Tablets
  • Europe
  • Others
  • Other OTT Devices
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Ad-Supported Video on Demand Market: Key Questions Answered in the Report

The research study on the ad-supported video on demand market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Insights offered in the ad-supported video on demand market report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.

  • How are advanced technologies creating new opportunities for the ad-supported video on demand market?
  • What are the key trends that are constantly shaping the growth of the ad-supported video on demand market?
  • Which are the prominent regions offering plentiful opportunities for the ad-supported video on demand market?
  • What are the key differential strategies adopted by key players to command a significant chunk of the global market share?

Ad-Supported Video on Demand Market: Research Methodology

A unique and promising research methodology forms the base of the ad-supported video on demand market report for the forecast period. The report has been prepared after comprehensive analysis of market happenings, and then, riveting insights have been compiled meticulously. The research methodology of the ad-supported video on demand market has been a two-step process that comprises primary and secondary research. Key stakeholders such as ad-supported video on demand manufacturers, suppliers, and distributors have been interviewed, along with experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals.

Secondary sources referred to garner report findings include investor presentations of manufacturers, World Bank, and many other credible sources.

Companies covered in Ad Supported Video On Demand Market Report

  • Tubi, Inc.
  • Muvi LLC
  • PopcornFlix
  • Hulu
  • Roku
  • Amazon.com, Inc.
  • iQIYI
  • Disney+ Hotstar
  • MX Player
  • Youku Tudou Inc.

Ad Supported Video On Demand Market

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