Video on Demand (VOD) is a service that allows viewers to watch video content without waiting for the content to download or stream. It’s like having a personal video store right at your fingertips. SVOD is a type of VOD that refers to video streaming services offered by companies like Netflix, Hulu, and Amazon Prime.
SVOD services are typically subscription-based, meaning that viewers must pay a monthly fee (often yearly) to access the premium content. In contrast with traditional cable or satellite TV, SVOD services allow viewers to choose the content they want to watch when they want to watch it. This makes them a smart option for those who are tired of being forced to pay for channels they don’t want to get the ones they do.
Since SVOD services are very popular, many networks and studios are now offering their content through these services. In this blog post, we’ll look at the SVOD market share, its benefits, and some of the popular SVOD services available today.
What Is SVOD?
SVOD stands for Subscription Video-On-Demand. SVOD refers to the delivery of video content over the internet, typically through a subscription-based service. In the SVOD video monetization system, users can watch videos without ads. They need to subscribe to the service and pay a monthly or yearly fee to access its content.
SVOD is growing in popularity since it offers viewers a more convenient and tailored experience. Additionally, SVOD services allow viewers to watch content on their own schedule, which is a significant draw for many consumers.
For content creators, SVOD represents an opportunity to generate revenue from their videos without relying on ads. It can be a significant advantage, as it allows them to maintain more control over their content and better monetize their videos.
SVOD Market Share
According to Statista, in 2022, the revenue in the SVoD market is estimated to be US$82,431m, and the most revenue will be generated in the United States, and the size is US$ 36,517m. The number of users is expected to amount to 1,486.8m by 2026.
Netflix dominates the SVOD market, with a global 209 million subscribers worldwide in 2021. They generated $24.9 billion in revenue in 2020 with a 23.8% increase year-on-year, and North America is the largest market of Netflix with an $11.45 billion revenue.
Other SVOD platforms are also growing in the market. Let’s see the graph below for a better understanding of the market share of various SVOD platforms:
What to Monetize with SVOD
Now that we know a little more about SVOD, what can you monetize with it? There are many options:
Live Movies & Entertainment:
SVOD can be a great way to monetize live movies and entertainment. You can offer a subscription for access to live events, or even better, exclusive content that you film yourself. This is a great way to keep your viewers engaged and return for more.
Castr is an excellent platform for monetizing your live content with SVOD. You can use their platform to sell subscriptions for access to live events, or even better, exclusive content that you film yourself. This is a great way to keep your viewers engaged and return for more.
Sports & Games:
Another great way to monetize SVOD is through sports and games. You can also monetize sports and games by selling merchandise related to the events or games. This can be a great way to make extra revenue and keep your viewers engaged.
Castr makes it easy for you to monetize your sports and game content. Sign up for a free account today, start streaming, monetize your video streaming service, and generate revenue from streaming content!
List of Some Popular SVOD Platforms
- Netflix
- Hulu
- Amazon Prime Video
- Globo Play
- Claro Video
- Crackle
- Apple tv
- HBO
- CBS All Access
- DC Universe
- ALT Balaji
- Iflix
- Stan
- Seeso
- iQiyi
- ViuTV India
- Apple Music
- Lightbox
- Yahoo
- Blim
- Hotstar
- Youku
- YouToube Premium
- Tencent
Advantages of SVOD Services
Increased viewer engagement: SVOD services can keep viewers engaged and coming back for more with exclusive and original content.
Increased revenue: By monetizing your content through SVOD platforms, you can increase your revenue stream.
Global reach: SVOD platforms have a global reach so that you can access a larger audience than ever before.
Increased viewership: SVOD platforms often have high viewership numbers, so your content can reach a larger audience than ever before.
Easier distribution: Distribution of content through SVOD platforms is typically much more manageable than traditional TV broadcasting or DVD sales. This makes it easier for you to get your content out there and seen by more people.
Increased exposure: As SVOD services grow in popularity, so does the exposure of your content. This can help to increase viewership and revenue for your content.
So what are you waiting for? Start distributing your content through SVOD platforms today and see the benefits for yourself!
Conclusion
SVOD services offer a number of advantages for content creators, including a smart monetization model, increased viewer engagement, revenue, global reach, and viewership. By monetizing your content through SVOD platforms like Castr, you can increase your revenue stream while also reaching a larger audience than ever before.
Distribution of content through SVOD platforms is typically much more manageable than traditional TV broadcasting or DVD sales, making it easier for you to get your content out there and seen by more people. As SVOD services grow in popularity, so does the exposure of your content.
So what are you waiting for? Start distributing your content through SVOD platforms today!
