Ad-Supported Video on Demand Market Expected to Hit US$150.8 Billion with a 14.2% CAGR by 2034: Fact.MR Study [Yahoo! Finance]
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Source: Yahoo! Finance
Rockville, April 18, 2024 (GLOBE NEWSWIRE) -- According to the latest industry analysis by Fact.MR, the global Ad-Supported Video on Demand Market is expected to reach a value of US$ 40.12 billion in 2024. The market has been forecasted to expand at a CAGR of 14.2% between 2024 and 2034. OTT platforms have revolutionized how the world accesses content, allowing users to stream media directly over the Internet without the need for traditional cable or satellite subscriptions. With the convenience and flexibility they offer, OTT services such as Netflix, Amazon Prime Video, and Disney+ have witnessed exponential growth in the number of subscribers. For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9943 Along with the rise of subscription-based models, there is a significant number of users who prefer free content, though these are supported by ads. Ad-supported video-on-demand platforms cater to this segment
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