SVoD revenue forecast to 2023
“478 million SVoD subscribers today will grow to 743 million by 2023, with China having the most SVoD subscribers by 2023, but North America still driving the largest dollar volume”
SVoD uptake is accelerating and in terms of hours viewing per day it will shortly draw level with broadcast TV globally by 2023.
This global forecast shows the stark contrast between the heavily AVoD Asia compared to the SVoD frenzy going on in the US and Europe. The US market will rise from a combined paid SVoD (including vMVPD) and reach 236.6 million subscriptions by the end of 2023, from a base today of some 146.5 million.
Europe and Asia will be neck and neck in SVoD revenues by 2023, but with far fewer subscribers in Europe, each paying significantly more than those in Asia, a region dominated by frighteningly large Advertising VoD streaming numbers.
Netflix will continue to lead in SVoD in both subscribers numbers (outside of China), but will make up 194 million SVoD customers out of 743 million globally by 2023, some 26% of total global subscribers. In the US Netflix today represents 44% of subscriptions, but will only be 31% of the increased US subscription levels by 2023.
The Asia Pacific market is highly skewed with China expected to amass 245 million SVoD subscribers, some 72% of the total region, but the average spend will be just $2 to $3 a month. Latin American is a three horse race between the leader Netflix, America Movil’s Claro TV and Televisa’s Blim, with US studios looking to play King maker there.
Companies mentioned in this report:
6Play, Acorn TV, Alibaba, Altice, Apple, Amazon, América Móvil, AT&T, Awesomeness TV, BritBox, Blim, Baidu, Canal+, CBS, Cinemax, Claro TV, Crackle, dTV, DirecTV, Discovery, Disney, ESPN+, Eurosport, Facebook Watch, FilmoTV, Fox, France Télévisions, FuboTV, HBO, Hooq, HotStar, Hulu, Iliad’s Free, iQiyi, Kabel Deutschland, KBS, Liberty Global, M6, Magine, Maxdome, MBC, MLB TV, Molotov, MoviStar Play, MTV Play, Netflix, Nickelodeon Play, NTT, Oksusu, Orange Cinema Services, Paramount, PCCW, Philo, PlayStation Vue, Pluto TV, Pooq, PopcornFlix, ProSiebenSat1, Rakuten TV, Reliance Jio, RMC Sport, Roku, RTL, Salto, SBS, SFR-Numericable.
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