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SVOD Market Trends

  • Report ID: GMI10072
  • Published Date: Jul 2024
  • Report Format: PDF

SVOD Market Trends

Enhancing the SVOD experience is largely dependent on technological improvements. Advances in streaming technology, notably immersive audio formats, such as Dolby Atmos, 4K Ultra HD, and High Dynamic Range (HDR), are starting to be offered as standard features. Superior picture and sound quality is provided by these technologies, increasing the immersion and enjoyment of the viewing experience. Furthermore, advancements in streaming protocols—such as adaptive bitrate streaming—guarantee seamless playback even under fluctuating internet circumstances. Additionally, platforms' user interfaces are changing as more interactive features, voice search, and AI-powered content discovery tools are added.
 

Niche streaming services are making their mark by targeting particular genres or interest groups as the SVOD industry gets saturated. These platforms draw devoted audiences looking for niche content since they concentrate on a certain genre of content, such as horror, anime, documentaries, or indie films. Shudder, a horror film and television series specialist, and Crunchyroll, a popular anime streaming service, are a few examples. By concentrating on a certain niche, these services are able to create fervent fan communities and provide material that major SVOD platforms might miss. This pattern demonstrates how the SVOD industry is diverse and has space for both generalist and specialized offerings.
 

For instance, in December 2023, Apple introduced its Apple TV app interface to enhance the viewing experience for users. The redesigned app offers a more intuitive interface, making it easier to discover and access content across various streaming services. It features personalized recommendations, curated collections, and enhanced search capabilities, allowing users to find more efficient content tailored to their preferences.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

SVOD market size was USD 151.9 billion in 2023 and is expected to register over 11% CAGR from 2024-2032 due to offering unparalleled chances for audience engagement, revenue, and content distribution worldwide.

SVOD industry from the general entertainment segment is expected to exceed USD 200 billion by 2032 due to popular films, TV series, reality TV, and family-friendly content, all being examples of general entertainment content that appeals to a wide range of audiences.

North America SVOD industry held over 41% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to high rate of internet adoption and a strong infrastructure, making streaming services widely accessible in the region.

Amazon Prime Video, Apple TV+, DAZN, Discovery+, Disney+, ESPN+, HBO Max, Hulu, Netflix, and Peacock, are some of the major SVOD companies worldwide.

SVOD Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 24
  • Pages: 260
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