Subscriptions to video services such as Netflix and Amazon Prime Video saw a significant increase over 2018.
According to a new report from Digital TV Research, gross SVOD subscriptions increased by 139 million in 2018 to 508 million, representing a year-over-year increase of 38%.
The net subscriber count rose by 83 million in the year to reach 357 million, an increase of 31%.
The report points out that the average SVOD subscriber paid for 1.43 SVOD subscriptions by the end of 2018. By contrast, that figure stood at 1.05 subscriptions-per-user in 2010.
Looking back to 2015, the numbers present a rapidly upward trajectory that shows no signs of stopping. Gross SVOD subscriptions represented 30.5% of TV households by the end of 2018, while the proportion of net SVOD subscribers was 21.4%. This means that more than a fifth of the world’s TV households had at least one SVOD subscription at the end of 2018.
The report also found that eight countries had more than 10 million SVOD subscriptions, collectively making up 80% of the global total.
Simon Murray, principal analyst at Digital TV Research, said: “China and the US together accounted for 63% of the global total in 2018. China overtook the US in 2018 to become the gross SVOD subscription leader. China added nearly 60 million subscriptions in 2018 alone, with the US up by 27 million (despite its relative maturity). India nearly doubled its subscription base.”
