OTT Market

Author: Reports and Insights

The OTT market is expected to reach US$ 667.7 Bn by 2028 from US$ 97.0 Bn in 2020, at a CAGR of 27.4% during the forecast period of 2020 to 2028

 

Reports and Insights (R&I) has published a new report titled, “OTT Market: Opportunity Analysis and Future Assessment 2020-2028

Global OTT Market, By Component (Solutions, Services), By Device Type (smartphones, smart TVs, laptops, desktops, and tablets, gaming consoles, set-top box, and others), By Content Type (video, audio/VoIP, games, communication, and others), By Revenue Model (subscription, advertisement, hybrid, and others), By user type (personal and commercial), By End-user (media & entertainment, education & training, health & fitness, IT & telecom, e-commerce, BFSI, government, and others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.

The OTT market is expected to reach US$ 667.7 Bn by 2028 from US$ 97.0 Bn in 2020, at a CAGR of 27.4% during the forecast period of 2020 to 2028.

In the present times, it is the era of on-demand content. Uptil now, TV has been one of the most influential mediums to offer various kinds of content to the consumers all around the world. However, in the present day and age, the term ‘Over the top or OTT’ is trending across the world, which basically means the content and services that are offered over an infrastructure, including TV, smartphones and video game consoles that is not under the supervisory control of service providers. The briskly developing media and entertainment industry and the kind of content created in the current times has been one of the major factors for the rapid growth of the global OTT market.

R&I Study identifies some of the key participating players in the OTT market globally are Amazon Web Services (AWS), Netflix, Hulu, LLC, Google LLC, Apple Inc., Facebook, Telstra, Rakuten Inc., Microsoft Corporation, Tencent Holdings Ltd., among others.

By Component

Solutions

Services

By Device Type

Smartphones

Smart TVs

Laptops

Desktops

Tablets

Gaming Consoles

Set-top boxes

Others

By Content Type

Video

Audio/VoIP

Games

Communication

Others

By Revenue Model

Subscription

Advertisement

Hybrid

Others

By User Type

Personal

Commercial

By End User

Media & Entertainment

Education & Training

Health & Fitness

IT & Telecom

E-commerce

BFSI

Government

Others

By Region

North America

Latin America

Africa

Europe

Asia Pacific

Middle East

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