Video on Demand Market Size & Growth 2024-2032
The video-on-demand (VoD) market is experiencing significant growth and evolution, driven by a variety of factors such as technological advancements, increasing demand for personalized content, and the rise of streaming services. Market Size and Projections: The market size for video-on-demand is projected to reach significant values, with estimates indicating a substantial increase in market size over the forecast period. For instance, the market is projected to grow from USD 85.2 billion in 2023 to USD 324.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.20% during the forecast period (2023 - 2032). Market Growth and Trends: The video-on-demand market is witnessing substantial growth, with a focus on offering region-specific content and catering to the unique preferences of local audiences. Despite facing stiff competition from international streaming platforms, local VoD services in each country are gaining popularity by providing tailored content to th...