SVOD revenues globally will rise to $321.9 billion in 2030, up from $105.7 billion last year, according to a new report from MIDiA Research, driven in part by gains in the Asia Pacific.
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The number of SVOD subscriptions worldwide is on pace to hit 1.64 billion in 2026, with 491 million additions since this year, according to Digital TV Research.
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In the third quarter of this year, the number of global SVOD subscribers rose by 217.6 million, according to Strategy Analytics, the highest increase ever, topping the previous record of 211.7 million in Q4 2018.
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Strategy Analytics has revised its global SVOD projections as stay-home measures related to the COVID-19 pandemic drive an increase in subscriber take-up.
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There will be about 147 million SVOD subscribers in North America by the end of this year, according to GlobalData, which projects that number will rise by a compound annual growth rate of 9 percent through 2023.
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