As indicated by a Rakuten Insight survey conducted in June 2024, Netflix and Amazon Prime Video were tied as the most popular video streaming platforms in India with just under 69 percent of respondents each having subscribed to the services. Disney+ Hotstar followed as the next most subscribed to video-on-demand platform.
Willingness and choice
An increasingly expanding range of devices and platforms has given the Indian consumer control over the type of content they want to watch on their preferred platform. The willingness to pay for stream-able or downloadable movies or TV shows across the nation was approximately 50 percent in 2018. As of this year, the YouTube channel BeingIndian, that comes under the comedy and humor genre, had the highest views.
Outlook for the industry
The streaming industry still has a long way to go before replacing the good old television viewership in India. Even though subscription-based streaming platforms are expected to flourish in the coming decade, they will find the challenge in overturning state-broadcaster Doordarshan with its free to air direct to home services, especially in rural India.
Share of consumers who subscribed to selected video streaming services in India as of June 2024
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Rakuten Insight. (September 4, 2024). Share of consumers who subscribed to selected video streaming services in India as of June 2024 [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/684108/india-popular-video-streaming-services/
Rakuten Insight. "Share of consumers who subscribed to selected video streaming services in India as of June 2024." Chart. September 4, 2024. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/684108/india-popular-video-streaming-services/
Rakuten Insight. (2024). Share of consumers who subscribed to selected video streaming services in India as of June 2024. Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/684108/india-popular-video-streaming-services/
Rakuten Insight. "Share of Consumers Who Subscribed to Selected Video Streaming Services in India as of June 2024." Statista, Statista Inc., 4 Sep 2024, https://www.statista.com/statistics/684108/india-popular-video-streaming-services/
Rakuten Insight, Share of consumers who subscribed to selected video streaming services in India as of June 2024 Statista, https://www.statista.com/statistics/684108/india-popular-video-streaming-services/ (last visited September 20, 2024)
Share of consumers who subscribed to selected video streaming services in India as of June 2024 [Graph], Rakuten Insight, September 4, 2024. [Online]. Available: https://www.statista.com/statistics/684108/india-popular-video-streaming-services/