Growing Adoption of Mobile Devices is Expected to Augment Demand for Digital Media Consumption in Turn Driving Growth of the Global Video On Demand Market
Video on Demand (VoD) permits users to select, watch, and listen to videos and audio content on demand with the help of Internet Protocol Television (IPTV) over broadband connection. Apple TV and Telstra T-Box are examples of video on demand services. IPTV service is responsible for converting television signals into computer data. Hence, IPTV provides information in IP format. So channels are programmed in IP format and the data is flowed to the television over a set top box or similar device that acts as a decoder. IPTV provides an extensive range of videos and accessibility to various devices, as well as enables users to control the time spent on watching videos.
Increasing adoption of digital media across the globe is attributed to the rising utilization of mobile devices and proliferation of high speed broadband connectivity, driving growth of the video on demand market. For instance, in the U.S., digital media ion is increased significantly due to the presence of leading digital media players such as Netflix, Hulu, Amazon, and Apple TV, among others.
Request Sample Copy of This Report @ https://www.coherentmarketinsights.com/insight/request-sample/1124
Growing adoption of mobile devices is expected to augment demand for digital media consumption, in turn driving growth of the global VOD market. According to Coherent Market Insights analysis, the global smartphone market witnessed growth of over 15% and over 2 billion mobiles were sold globally in 2016. Increasing adoption of mobile devices is consequently expected to increase the use internet access. For example, in India, the number of internet users grew by around 21% in 2016. This will in turn, provide consumers with information according to their choice, entertainment, and social activity, at any given place and time. According to Coherent Market Insights’ analysis, as of 2016, the global audio and video traffic accounted for over 80% of the global internet traffic.
Emerging economies are expected to offer significant potential for market growth, owing to rapid development of internet connectivity enabled infrastructure
The U.S., Western Europe, Japan, and few emerging economies such as China, are striving to develop 5G infrastructure. For instance, in June 2017, China Academy of Information and Communications Technology, forecasted the combined expenditure of the three domestic network operators to reach around 46 billion in 2023. 5G technology is expected to reach commercialization by 2022, specifically in developed economies. This is further expected to boost the existing video streaming market over the forecast period, for both, enterprise and recreational purposes.
Major players operating in the global video on demand market include Alcatel-Lucent, Fujitsu, ZTE Corporation, Ericsson, Huawei Technologies, Akamai Technologies, Inc., Avaya, Level 3 Communications, AT&T, and Cisco.
Request For Customization of this Report @ https://www.coherentmarketinsights.com/insight/request-customization/1124
You may be interested
Carbon Fiber Reinforced Plastics Market Positive long-term growth outlook 2018-2026Sayali Tribhuvan - June 21, 2018
Carbon Fiber Reinforced Plastics Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market…
Scientists Discover 10,000 Black Holes at the Center of GalaxySayali Tribhuvan - June 21, 2018
Scientists found 10,000 black holes at the center of Milky Way, according to a report published on April 4, 2018. The supermassive black hole at the center…