Online Movie Market By Services, Solution, Application, Business Analysis, 2016 – 2024

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Online movie refers to a service, where an individual can access featured movies online using internet protocol. This platform enables user to watch any available movie from the database as desired at any given time and at any place with internet access. Rising demand for online movies is mainly attributed to the increased adoption of smartphones, augmented broadband services, hectic lifecycles, ease of access towards comprehensive movie collection, convenience of watching movies at any place or time and others such notable factors. Moreover, user friendly interface has influenced maximum users to access broad range of collection through genres, recommendations and augmented filter options. Furthermore, with the introduction of online featuring movies, the competition between online movie vendors and multiplex owners is rising significantly.

Recent advancements in the Internet have enabled users across the globe to retrieve wide array of movie collection with the help of high speed internet connection through downloading or streaming. Rising box-office success throughout the globe is one of the major factors driving a large number of users to switch to online movies. Furthermore, increasing efforts by the vendors to encourage more and more users by offering attractive subscription packages are further driving the market growth. Moreover, declining trends of consumers buying physical copies of movies such as DVDs and VCDs is the another key driving factor affecting the market growth for online movies.

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The online movie market is expected to witness tremendous escalation in the North America market owing to rising success and attractiveness of Hollywood movies. This success is due to advanced graphics, themes and concepts. Also, increase in mobile advertisement spending to bring brand awareness has further influenced the market for the vendors of online movies. However, rising threat of piracy is one of the major concerns restraining the market growth for online movies market. Introduction of “Stop Online Piracy Act” (SOPA) and the “Protect IP Act” (PIPA) by the U.S. has affected online movies vendors significantly, thereby restraining the market growth.

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TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

 

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