Global Online Movies Market 2016-2020
About Online Movies
Online movies refer to the service wherein individuals can watch movies on a digital platform using the Internet. This platform enables individuals to watch movies anytime and at any place without a fixed scheduled time, which provides users complete control over the content. Online movies can be watched by streaming, downloading, or subscribing on a monthly basis. With the emergence of online screening of movies, the movie theater market is experiencing a significant threat of substitutes.
Technavio’s analysts forecast the global online movies market to grow at a CAGR of 20.85% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global online movies market for 2016-2020. To calculate the market size, the report considers the revenue generated from streaming, downloading, and subscribing of online movies in the following regions:
Technavio Announces the Publication of its Research Report – Global Online Movies Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Online Movies Market: Amazon, Apple, Dish Network, Hulu and Netflix
Other Prominent Vendors in the market are: CinemaNow, Crackel, Crunchyroll, HBO GO, Microsoft, MovieFlix, Rovi, Screen Media Ventures, Sony Computer Entertainment, Walmart, and YouTube.
Commenting on the report, an analyst from Technavio’s team said: “User-friendly interface is a key trend experienced in the global online movies market in recent times; it is also a major differentiating factor among vendors. Service providers are continually attempting to make the interface more interactive to gain higher traction from customers.”
According to the report, the growth in the filmed entertainment market is a prominent driver for the online movies market. An increase in the number of movie releases is also expediting the growth of the online movie market globally. The growing popularity of online movies has resulted in declining sales of physical copies of films such as those on DVDs and Blu-ray discs.
Further, the report states that privacy and security concerns regarding financial and personal information of individuals pose the biggest challenge to vendors in the market.
Amazon, Apple, Dish Network, Hulu, Netflix, CinemaNow, Crackel, Crunchyroll, HBO GO, Microsoft, MovieFlix, Rovi, Screen Media Ventures, Sony Computer Entertainment, Walmart, YouTube.
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