According the latest forecast from Digital TV Research, the total will climb by 170 million this year alone.
Five global platforms will have 640 million paying SVOD subscribers by 2025. Disney+ will be the biggest winner by adding 176 million subscribers between 2019 and 2025 to take its total to 202 million.
Netflix will add 91 million subscribers; revealing growth even for the most established platform.
No foreign platforms are expected to enter China, while its domestic players will account for 23% of the global total by 2025.
Commenting on the findings of the report, Simon Murray, principal analyst at Digital TV Research, said: “We have completely revised our forecasts for 138 countries in the wake of the Covid 19 pandemic. A major impact of lockdown has been a steep rise in SVOD subscriptions”.
For more information the Global SVOD Forecasts report, please contact: Simon Murray, email@example.com, Tel: +44 20 8248 5051