VoD is making cosmic user penetration
Video on-demand and live streaming industry is growing at such a remarkable pace that service providers are unable to develop consensus over the standard of associated terminology.
Consumers of video subscription platform services like YouTube and Netflix are increasing exponentially. Consequently, cable and satellite TV businesses are becoming obsolete.
Mob Inspire is developing digital media software systems in digital media domain for more than a decade now. No wonder we have a widespread global existence with clients including successful startups as well as established media and entertainment companies.
Emerging business models are also demonstrating promise
Apart from delivering video subscription software, we are developing a range of entertainment software solutions including gaming, ePublishing, music and social networks. Considering the context of business models with highest potential, VoD is the clear leader.
With a user penetration projected to cross 25% by 2023, the worldwide VoD revenue is set to reach $37.4 billion around the same time – up from current $30.5 billion.
Nevertheless, other business models in digital media platform industry are also gaining impressive momentum. Research forecasts that the global ePublishing revenue will grow up beyond $29 billion by 2023.