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Published Date : 29-Oct-2024 |
Pages: 93 |
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The Germany Video on Demand (VoD) Market size is expected to reach $19.5 Billion by 2030, rising at a market growth of 11.2% CAGR during the forecast period.
Germany's video on demand (VoD) market has grown significantly recently. As one of the largest industries in Europe, Germany has become a battleground for various streaming platforms seeking to capture a share of the burgeoning VoD industry. One of the key drivers of the video on demand (VoD) market in Germany is the increasing penetration of high-speed internet and the proliferation of connected devices. With more households accessing reliable internet connections and smart TVs, Germans are turning to VoD platforms as a convenient and flexible way to access a wide range of content.
According to the International Trade Administration, television remains a highly popular medium in Germany, with 72% of the population tuning in daily as of 2020. The video on demand (VoD) market in Germany has experienced remarkable growth in recent years, with 81% of German households subscribing to VoD services in 2021, a significant increase from 51% in 2017.
Furthermore, the rise of original content production by streaming giants has significantly driven subscriber growth in the German video on demand (VoD). These platforms have invested heavily in creating original series and movies tailored to local tastes, attracting a diverse audience base. Additionally, the availability of a vast library of content, including movies, TV shows, documentaries, and exclusive productions, has contributed to the increasing adoption of VoD services in Germany.
The COVID-19 pandemic has profoundly impacted Germany's video on demand (VoD) market, accelerating the shift toward digital consumption of entertainment content. With lockdowns and social distancing measures in place, consumers have turned to streaming platforms as a primary source of entertainment while staying at home. This surge in demand for VoD services has prompted streaming platforms to ramp up their content offerings and invest in new productions to cater to the growing audience.
The video on demand (VoD) market in Germany has been experiencing a significant surge in digital media consumption in recent years. One of the primary drivers behind the increasing adoption of digital media consumption in Germany is the widespread availability of high-speed internet connections. With expanding broadband networks and the rollout of advanced mobile data services, German consumers now have easier access to streaming platforms and online content.
Moreover, the proliferation of internet-connected devices, such as smartphones, tablets, smart TVs, and gaming consoles, has further fueled the growth of digital media consumption in Germany. These devices provide German users multiple avenues to access streaming services, allowing for greater flexibility and convenience in consuming content.
According to the International Trade Administration, with an impressive smartphone penetration rate of 82% in Germany, widespread accessibility to digital devices exists, setting the stage for a flourishing digital environment. This prevalence of smartphones aligns with the escalating adoption of digital media consumption, particularly evident in Germany's expanding video on demand (VoD) market.
Another factor contributing to the rising popularity of digital media consumption is the increasing number of streaming platforms and subscription-based services available in the German industry. Major international players like Netflix, Amazon Prime Video, and Disney+ have expanded their presence in Germany, offering subscribers a wide range of content choices.
Additionally, local players and broadcasters have also launched their streaming services, catering to the specific preferences of German audiences. Therefore, he surge in digital media consumption in Germany is propelled by factors like widespread high-speed internet access, the proliferation of internet-connected devices, and the growing availability of diverse streaming platforms and subscription services.
The German industry for subscription-based over-the-top (OTT) services in video on demand (VoD) market has experienced significant growth in recent years. One of the key drivers behind the rise of subscription-based OTT services in Germany is the convenience they offer consumers. Subscribers have access to a vast library of content they watch anytime, anywhere, and on any device with an internet connection.
Moreover, the quality of content on these platforms has improved significantly, with many subscription-based OTT services investing heavily in original programming and exclusive content rights. This investment has led to diverse content options catering to various interests and demographics, further attracting subscribers to these platforms. Another factor contributing to the popularity of subscription-based OTT services in Germany is their competitive pricing and value proposition compared to traditional cable and satellite TV subscriptions.
With OTT services, German consumers access a more extensive content library at a fraction of the cost of traditional pay-TV subscriptions. This affordability has made OTT services an attractive option for budget-conscious consumers. Thus, the combination of convenience, quality content, and competitive pricing has fueled the rapid growth of subscription-based OTT services in the German video on demand (VoD) market.
In the German video on demand (VoD) market, several companies have emerged as significant players, offering a diverse range of content and services to cater to the preferences of local audiences while competing with international platforms. Maxdome, operated by ProSiebenSat.1 Media SE, is one of Germany's oldest and most established VoD platforms, offering a comprehensive catalog of movies, TV series, and exclusive content. The company leverages its parent company's extensive network of television channels and production studios to provide subscribers access to popular German TV shows, international hits, and Hollywood blockbusters. With flexible subscription options, competitive pricing, and a focus on local content, Maxdome remains a prominent player in the video on demand (VoD) market.
Another notable player in the video on demand (VoD) market is Sky Deutschland, a subsidiary of Comcast Corporation, which offers a range of subscription-based streaming services, including Sky Ticket and Sky Go. Sky Deutschland provides subscribers access to live sports, movies, TV series, and exclusive content from Sky's premium channels, such as Sky Atlantic and Sky Cinema. With its emphasis on premium entertainment and live events, Sky Deutschland appeals to sports fans, movie buffs, and TV enthusiasts in Germany, further enriching the video on demand (VoD) market.
WAKANIM is a niche VoD platform that focuses exclusively on anime content, catering to the passionate anime community in Germany. As the German subsidiary of WAKANIM SAS, the platform offers a curated selection of Japanese anime series and movies, with subtitles available in German and other languages. WAKANIM distinguishes itself by licensing popular titles directly from Japanese studios and providing simulcast episodes shortly after airing in Japan, attracting anime enthusiasts with fresh and high-quality content.
In addition to these major players, several other companies contribute to the diversity and competitiveness of the German video on demand (VoD) market. Streaming services such as Apple TV+, Disney+, and Joyn offer unique content libraries, features, and subscription models to attract and retain subscribers. Furthermore, traditional broadcasters and media companies have launched their streaming platforms, providing consumers additional options for on-demand entertainment. Companies in the video on demand (VoD) market continuously invest in original programming, user experience enhancements, and strategic partnerships to differentiate their offerings and attract subscribers.
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