Future Trends in Video On Demand Platforms
The global entertainment industry is undergoing rapid shifts as audiences increasingly adopt the flexibility and convenience of video on demand platforms . According to Fortune Business Insights, the global VOD market was valued at USD 113.78 billion in 2024 and is projected to reach USD 381.16 billion by 2032, growing at a CAGR of 16.2%. This explosive growth is driven by shifting consumer habits, emerging technologies, and the growing availability of high-speed internet. For businesses, investing in digital streaming solutions is no longer just an option; it’s a necessity for staying relevant in the digital first world. Why is Digital Streaming Growing Rapidly? Modern audiences are moving away from the rigid schedules of traditional TV and turning to platforms that offer flexibility and control. These shifts are key reasons why digital streaming services are growing rapidly. Convenience & Flexibility: Users can watch their favorite movies or shows at their own pace, making the e...