According to the latest report by Digital TV Research, the peak figure was 2020, when 201 million subscriptions were added. It will cross the 1 billion mark this year and reach 1,495 million by 2026.
The report notes that SVOD subscriptions growth is faster than for SVOD subscribers [an SVOD subscriber pays for at least one SVOD subscription]. This means that the average SVOD subscriber will pay for 2.14 SVOD subscriptions by 2026 – up from 1.74 in 2020.
Commenting on the findings of the report, Simon Murray, principal analyst at Digital TV Research, said: “There will be 700 million SVOD subscribers by 2026; up by 35% from 518 million at end-2020. The 2026 total represents 39% of TV households, increasing from 30% in 2020”.
The US will overtake China as the subscription leader in 2021. The two countries will together account for 48% of the global total by 2026, down from 59% in 2020. This indicates that other countries are growing faster. SVOD subscriptions in India will nearly triple between 2020 and 2026 to 155 million – representing 10% of the world’s total.
For more information on the Global SVOD Forecasts report, please contact: Simon Murray, email@example.com, Tel: +44 20 8248 5051