The digital media industry is growing at such a remarkable pace that service providers are unable to develop consensus over the standard of associated terminology. Consequently, most consumers of services like YouTube and Netflix are unaware of the term video on-demand (VoD) despite the fact that they are consuming it any day and every day.
Mob Inspire is developing technology infrastructure, platforms, and 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
Just when you are starting to perceive that VoD is the only business model in digital media industry, let us remind you about gaming, ePublishing, music, social networks, and what not? 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 industry are also gaining impressive momentum. Research forecasts that the global ePublishing revenue will grow up beyond $29 billion by 2023.
Digital Media: Related Services and Solutions
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