Subscription Video On Demand Market Growth is Driven by Global Competitive Offering
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"The COVID-19 outbreak presented a unique expansion opportunity in the home entertainment industry," said Lara Forlino, ICT Research Analyst at Frost & Sullivan. "Further, the higher demand for video streaming services rapidly increased the number of businesses launching new SVOD platforms."
Forlino added: "Technological advances, such as artificial intelligence (AI), machine learning (ML), and virtual reality, are creating unprecedented market opportunities and changing the way customers interact with SVOD platforms. This encourages companies to use the latest technologies to enhance user experiences, improve their streaming services and unlock new revenue streams."
The rise of the SVOD market presents lucrative growth opportunities, including:
Growth Opportunities for Global Subscription Video on Demand (SVOD) Services is the latest addition to Frost & Sullivan's ICT research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion
Growth Opportunities for Global Subscription Video on Demand (SVOD) Services
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Contact:
María Celeste Bailo
Corporate Communications
E: [email protected]
https://www.frost.com/
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