Revenue in Video Streaming (SVoD) segment amounts to US $25,894m in 2020, ARPU currently amounts to US $22.92 according to New Report from Statista

Revenue in the Video Streaming (SVoD) segment currenlty amounts to US $25,894m in 2020 and is expected to grow at an annual rate (CAGR 2020-2024) of 4.1%, resulting in a market volume of US$30,410m by 2024 according to a new report from Statista analyzing the global Video Streaming (SVoD) market.

Report Highlights

  • Revenue in the Video Streaming (SVoD) segment amounts to US$25,894m in 2020.

  • Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 4.1%, resulting in a market volume of US$30,410m by 2024.

  • User penetration is 15.2% in 2020 and is expected to hit 16.9% by 2024.

  • The average revenue per user (ARPU) currently amounts to US$22.92.

  • In global comparison, most revenue is generated in the United States (US$11,950m in 2020).

Analyst Opinion

While the growth of Video Streaming services like Netflix and Amazon Prime Video is not over, we assume that the adoption of such services will soon reach its peak, especially in developed countries. New offers such as Apple TV+ might attract new customers, but the general lack of willingness to pay in huge potential markets like China will cap the growth in this segment on a global scale.

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Methodology

The Video Streaming (SVoD)  market builds on Statista’s primary research (the Statista Global Consumer Survey), bottom-up modeling, market data from independent databases and third-party sources, the analysis of various key market and macroeconomic indicators, historical developments, current trends, and the reported performance indicators of the key market players. In particular, we consider average prices as well as annual subscription and download frequencies. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective segment. This spending factors in discounts, margins, as well as taxes. The user metrics show the number of customers who have made at least one online purchase within the last 12 months.

(For more information, including the full report, please visit: https://www.statista.com/)

Staff ReportsVideo Streaming, SVoD, Statista, ARPU, Amazon Prime Video, Apple TV+, Netflix