{"id":615,"date":"2024-05-19T18:34:12","date_gmt":"2024-05-19T18:34:12","guid":{"rendered":"https:\/\/onlyaccounts.io\/blog\/?p=615"},"modified":"2024-05-19T18:54:16","modified_gmt":"2024-05-19T18:54:16","slug":"the-united-states-has-the-highest-user-penetration-rate-in-the-svod-segment-of-48-nearly-twice-that-of-china-or-europe","status":"publish","type":"post","link":"https:\/\/onlyaccounts.io\/blog\/the-united-states-has-the-highest-user-penetration-rate-in-the-svod-segment-of-48-nearly-twice-that-of-china-or-europe\/","title":{"rendered":"The United States has the Highest User Penetration Rate in the SVOD Segment at 48%, Nearly Twice that of China or Europe"},"content":{"rendered":"<div class=\"header-author-entry\"><div class=\"author-img-entry\"><img alt='' src='https:\/\/secure.gravatar.com\/avatar\/86d676efc9aadf370e9e5c8013267cf9?s=50&#038;d=mm&#038;r=g' srcset='https:\/\/secure.gravatar.com\/avatar\/86d676efc9aadf370e9e5c8013267cf9?s=100&#038;d=mm&#038;r=g 2x' class='avatar avatar-50 photo' height='50' width='50' loading='lazy' decoding='async'\/><\/div><div class=\"top-author-name\"><a href=\"https:\/\/onlyaccounts.io\/blog\/author\/jastra\/\" rel=\"author\">Jastra Kranjec<\/a><\/div>\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/onlyaccounts.io\/blog\/wp-content\/uploads\/2024\/05\/Video_on_demand_cover-1024x683.jpg\" alt=\"\" class=\"wp-image-616\" width=\"1198\" height=\"799\" srcset=\"https:\/\/onlyaccounts.io\/blog\/wp-content\/uploads\/2024\/05\/Video_on_demand_cover-1024x683.jpg 1024w, https:\/\/onlyaccounts.io\/blog\/wp-content\/uploads\/2024\/05\/Video_on_demand_cover-300x200.jpg 300w, https:\/\/onlyaccounts.io\/blog\/wp-content\/uploads\/2024\/05\/Video_on_demand_cover-768x512.jpg 768w, https:\/\/onlyaccounts.io\/blog\/wp-content\/uploads\/2024\/05\/Video_on_demand_cover.jpg 1050w\" sizes=\"(max-width: 1198px) 100vw, 1198px\" \/><\/figure>\n\n\n\n<p>The number of people using subscription-based streaming services like Netflix, Disney+, Amazon Prime, Hulu, or HBO Max has snowballed over the past seven years, jumping from 600 million in 2017 to a whopping 1.3 billion last year. With more services available to consumers, the global SVOD user base is expected to hit 1.4 billion in 2024. While\u00a0China and Europe\u00a0contribute significantly to this growth, the\u00a0United States remains\u00a0the\u00a0frontrunner in terms of\u00a0user penetration rate in the SVOD segment. According to data presented by <a href=\"https:\/\/onlyaccounts.io\/\">OnlyAccounts.io<\/a>, the United States has the highest user penetration rate in the SVOD segment, 48%, nearly twice that of China or Europe.<\/p>\n\n\n\n<h3><strong>US SVoD Penetration Rate is 30% Higher than the Global Average<\/strong><\/h3>\n\n\n\n<p>No nation is close to Americans when it comes to using the video-streaming services. Over the past decade, the United States has had more SVOD users and generated more revenue than any other country, and that hasn\u2019t changed in 2024.<\/p>\n\n\n\n<p>According to Statista Market Insights, the global SVoO industry is expected to gross $108.5 billion this year, and more than 40% of that value will come from the United States. The US market also has the highest user penetration rate in the SVOD segment at 48%, or 30% more than the global average. Canada stands in second place, with 47% of its population using video streaming services. Norway, Denmark, and Sweden round out the top five club, with 46.7%, 45%, and 43% shares, respectively. \u00a0\u00a0<\/p>\n\n\n\n<script id=\"infogram_0_b36d12e0-8bd4-4f10-b1c7-351ef878a462\" title=\"Top SVOD markets in 2024\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?UKq\" type=\"text\/javascript\"><\/script>\n\n\n\n<p>Statistics also show that the US user penetration rate is much higher than that of China or Europe, the top two markets by the number of users. Statista states that more than 443 million Chinese will use SVOD services in 2024, or twice as many as Americans. However, the Chinese user penetration rate is 31%, or 17% less than that of the US market. Europe will also see much lower figures than the United States, with 242 million users and a 28.7% penetration rate this year. \u00a0<\/p>\n\n\n\n<h3><strong>Americans are also the Biggest Spenders on SVOD Services<\/strong><\/h3>\n\n\n\n<p>Besides leading the global ranking by user penetration rate in the SVOD segment, Americans are also the biggest spenders on streaming services like Netflix, HBO Max, or Disney+. According to a Statista survey, Americans will spend an average of $265 on streaming services this year, or three times the global average.<\/p>\n\n\n\n<p>The average spending per user in the US market is also significantly higher than in China or Europe. The Chinese market is expected to gross an average of $49 per user in 2024, or five times less than in the United States, while the European market will see a slightly smaller difference with an average revenue per user of $86.<\/p>\n<div class=\"has-global-padding is-layout-constrained\">\n\t\t<div class=\"author-bio show-avatars\">\n\t\t\t<img alt='' src='https:\/\/secure.gravatar.com\/avatar\/86d676efc9aadf370e9e5c8013267cf9?s=100&#038;d=mm&#038;r=g' srcset='https:\/\/secure.gravatar.com\/avatar\/86d676efc9aadf370e9e5c8013267cf9?s=200&#038;d=mm&#038;r=g 2x' class='avatar avatar-100 photo' height='100' width='100' loading='lazy' decoding='async'\/>\n\t\t\t<div class=\"author-bio-content\">\n\t\t\t\t<h2 class=\"author-title\">\n\t\t\t\tJastra Kranjec\n\t\t\t\t<\/h2>\n\t\t\t\t<p class=\"author-description\"> Jastra is an editor, writer, and PR specialist with years of experience in news, research, and report writing. Over the years, she has covered different topics and markets, including social media, digital content, the creator economy and the entertainment industry.<\/p>\n\t\t\t\t<a class=\"author-link\" href=\"https:\/\/onlyaccounts.io\/blog\/author\/jastra\/\" rel=\"author\">View all of Jastra Kranjec's posts<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Jastra Kranjec The number of people using subscription-based streaming services like Netflix, Disney+, Amazon Prime, Hulu, or HBO Max has snowballed over the past seven years, jumping from 600 million in 2017 to a whopping 1.3 billion last year. With more services available to consumers, the global SVOD user base is expected to hit 1.4 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/posts\/615"}],"collection":[{"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/comments?post=615"}],"version-history":[{"count":6,"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/posts\/615\/revisions"}],"predecessor-version":[{"id":624,"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/posts\/615\/revisions\/624"}],"wp:attachment":[{"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/media?parent=615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/categories?post=615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onlyaccounts.io\/blog\/wp-json\/wp\/v2\/tags?post=615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}