A DVD is an optical disk used to store information. A DVD capacity ranges from 4.7 GB to 17 GB, over seven times than a CD can store.
As most people now choose to download or stream media online, physical media is loosening its grip on the market. This represents one of the main reasons why the DVD market as well as the Blu-ray Disc (BD) market declined at a CAGR of 3.64%.
This report, Global DVD and BD Market 2014-2018, provides a detailed analysis of the market and focuses on the major players and recent developments in the global DVD and BD market.
The advent of the Internet has made it easier for consumers to buy products and services online in recent years. Taking advantage of this opportunity, online retailers in the global DVD and BD markets are increasingly promoting DVDs and BDs and offering attractive packages to consumers. Discounts on the purchase of DVDs or BDs and low-cost combination packs are some of such offers. Although retailers are trying to keep up with these offers, their efforts are proving to be futile. According to research, the growth in the global DVD and BD market is driven by diminishing prices of BD players and the rapid adoption of HD-enabled devices. Increase in demand for HD content has led to a rapid increase in the demand for BDs.
The increase in the availability of online video content is the biggest challenge for DVD and BD vendors. Companies such as Netflix, Amazon, Instant, and Hulu offer high quality and convenient content, which is perfect for an increasingly tech-savvy population. Production houses are also releasing movies on the Internet before they are burned to physical media. Indeed, DVD and BD vendors are thus finding it difficult to counter this threat.
Although the price of DVDs and BD has been falling over the past five years, they have not been able to attract consumers. The market has matured and DVDs are no longer what people prefer nowadays.
Research has further shown that censorship policies in different countries are also affecting the sale of DVDs and BDs in the market.
The leading players in this industry include CMC Magnetics, Moser Baer India Ltd, Panasonic Corp., Ritek Corp., Sony Corp., Falcon Technologies International LLC , Hitachi Maxwell Ltd, Lions Gate Entertainment Corp., Sharp Corp., Taiyo Yuden Co. Ltd, TDKCorp. and Umedisc Ltd.
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