Hannover House Inc (HHSE)

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Video-On-Demand (VOD) Market Worth $45.25 Billion By 2018














Sharing some VOD info from NTEK board, that is especially timely, interesting and informative about the undeniably massive potential of VOD, as we await the imminent HHSE/NTEK Launch of VODwiz - Video On Demand Wizard - Independent Films Online Portal.







"Video On Demand (VOD) Market worth $45.25 Billion by 2018"






Excerpts:

MarketsandMarkets forecasts the video on demand market to grow from $21.08 billion in 2013 to $45.25 billion in 2018, at a CAGR of 16.5%during the forecast period. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) and Latin America (LA) are expected to experience increased market traction, during the forecast period.

Major forces driving this market are reaching audiences on any device, delivering best possible viewer experience, enabling time- shifting view, and unmatched scalability. VOD solutions helps the viewers to reach any connected device, offering a key competitive advantage in terms of consumer reach despite of various challenges involved such as diversified bit rates, operating systems, digital rights management (DRM) and multiple screen formats. As customers want to acquire large number of programs, they demand for high quality videos and this is where an emergence of OTT and IPTV occur.

Therefore, TV no longer considers itself a push industry, because viewers are now pulling the content they require. As the TV experience is changing rapidly from a traditional linear TV, OTT viewers are surpassing IPTV viewers. The VOD providers are consolidating their grounds in the highly competitive market through mergers and acquisitions to build feature-rich solutions and attain better market visibility.

Diversified industries including academics, government, banking, healthcare, media and transportation use VOD service for education, research, conference and entertainment. VOD helps in minimizing the expenditure of entry and delivery into internet protocol. The challenges occurring while delivering VOD can be overcome by combining on-demand content with live streaming events and various similar solutions.

http://www.marketsandmarkets.com/PressReleases/audio-video-on-demand-avod.asp

























http://vodwiz.com/








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