Online Video Set For Further Massive Growth in Asia (Report)1 min read

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The value of the online video sector in Asia Pacific is set to swell from an estimated $13 billion this year to $35 billion by 2021. That is a growth rate of 22%, according to regional media consultancy Media Partners Asia. Its report ““ Asia Pacific Online Video Distribution ““ shows China representing 76% of the total, with the next four territories Japan, Australia, South Korea and India, accounting for a combined 17%.

In the online subscription video-on-demand (SVoD) segment, MPA expects total paying customers to grow from 177 million by 2016 to 360 million by 2021, with China representing the majority. SVoD revenue will reach $13 billion by 2021, a 28% compound annual growth rate from $3.7 billion in 2016. China will again contribute the majority, representing more than 80% by 2021.

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via: Variety

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