The global OTT Services Market is projected to reach US$ 67.76+ Bn by 2030 and is expected to grow at a CAGR of +14.55 % during the forecast period (2021 – 2030). A new statistical data titled as OTT Services Market has published by Absolute Markets Insights to its repository to get a comprehensive analysis of the OTT Services sector. Analysts use powerful data mining techniques such as primary and secondary research. This report examines the global OTT Services Market industries to get better insights for improving the performance of the companies. It is added based on various properties such as application, type, and end user.
Top Key Players includes: Disney, Rakuten, Inc, Tencent, Vudu, Inc., Hulu, LLC, Google LLC, Home Box Office, Apple Inc., Amazon.com, Inc., Netflix, Kakao Corp., Indieflix, Inc. , Roku, Inc., Twitch Interactive, Inc., Facebook and Spotify AB
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Type Outlook:
Based on the type, the global OTT services market is segmented into online gaming, music streaming and video streaming. Video streaming is sub-divided into movies and series, comedy and stand-ups, documentaries and others. The highest share in the global OTT services market in 2018 was from the video streaming services. Providers such as Disney, Netflix, YouTube and Amazon facilitate the viewing of original content, irrespective of the language or region. The HBO show, Game of Thrones, for instance, had around 19.3 million viewers for the series finale in 2019. YouTube generates massive revenue through advertisements. However, the users are now being provided with an ad-free version called YouTube Premium which is available on a monthly subscription basis.
Region Outlook:
The APAC region holds around 60% of the global population, with China and India being the highest contributors. The internet revolution brought by Reliance Jio in India in 2016 has seen the number of internet users skyrocket in the last five years. The fiber optic technology is now providing large bandwidths at affordable rates. 4G speeds facilitate HD streaming. India and China have a total internet population of around 1400 million. Leading providers such as Netflix and Disney are providing lucrative prices for video subscription to capture these ever-growing markets. Taking these factors into consideration, the APAC region is expected to show the highest growth rate in the OTT services market, during the forecast years.
Global OTT Services Market: Report Scope
By Platform
- Mobile Phones/Tablets
- Computers/Laptops
- Smart TV
- Specialized Consoles
By Pricing Model
- Subscription-based
- Transaction-based
- Advertising-based
- Others
By Deployment
- Cloud
- On Premise
By Type
- Online Gaming
- Music Streaming
- Video Streaming
- Movies and Series
- Comedy and Stand-up
- Documentaries
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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