Over The Top (OTT) Services Market

Global Over The Top (OTT) Services Market is valued at USD 80.68 Billion in 2019 and expected to reach USD 204.38 Billion by 2027 with a CAGR of 14.2% over the forecast period.

Global Over The Top (OTT) Services Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increased demand of online gaming,  and cost effective than competitor and growing advancements in in OTT technology are some of the major factors driving the growth of the Global Over The Top (OTT) services Market.

Scope of Global Over the Top (OTT) Services Market Report

An over the top media is a service media platform in which include the services directly to viewers via the internet. The OTT is a platform for film, gaming and television content in which it provides a high speed internet connection instead of a satellite or cable provider based platform. The OTT platform has added the video, podcast, music and audio streaming categories. The OTT also offers access to live streams of linear specialty channels, similar to the traditional satellite or cable TV, but it is streamed over the public internet rather than a private network with proprietary equipment such as set-0top boxes. The OTT services are accessed through websites on personal computers as well as through apps on mobile devices, digital media players or televisions with integrated smart TV platform.

After outburst of Covid-19, the over-the-top (OTT) platform saw a high growth, and it became one of the major sources of entertainment for viewers and subscribers. There are many OTT platforms which are available on internet such as; Disney+ Hotstar, Netflix, Eros Now, BigFlix, Hooq, Hungama Play, Arre and some 30-odd platforms which have mushroomed and are being watched by majority households worldwide. 

Global Over The Top (OTT) services Market report is segmented on the basis of component, device type, content type, revenue model, user type, end user and region & country level. Based upon component, the market is classified solution and services. Based upon device type, the market is divided into smartphones, smart TVs, laptops, desktops, and tablets, gaming consoles, set-top box and others. Based upon content type, Global Over The Top (OTT) services Market is divided into video, audio/VoIP, games, communication and others. Based upon revenue model, Global Over The Top (OTT) services Market is divided into subscription, advertisement, hybrid and others. Based upon user type, the market is divided into personal and commercial. Based upon end user, Global Over The Top (OTT) services Market is divided into media & entertainment, education & training, health & fitness, IT & telecom, E-commerce, BFSI, government and others.

Key Players for Global Over The Top (OTT) Services Market Report:

Some of the key players for Global Over The Top (OTT) services Market are Amazon.com, Inc., Google LLC, Roku, Inc., Facebook, Inc., Vudu, Inc., Microsoft Corporation, Kakao Corp., Netflex, Inc., Apple, Inc., Hulu, LLC, Telstra Corporation Ltd., and others.

Global Over The Top (OTT) Services Market Segmentation:

By Component:

• Solution
• Services                                     

By Device Type:

• Smartphones
• Smart TVs
• Laptops, Desktops, and Tablets
• Gaming Consoles
• Set-top Box
• 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

The regions covered in Global Over The Top (OTT) services Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of Global Over The Top (OTT) services is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

News: Toonz Launched OTT Animation Platform for Kids

On February 19^th, 2021; Technopark, Thiruvananthapuram-based Toonz Media Group, an entertainment company specializing in animation content production, has launched an over-the-top (OTT) platform for children and family entertainment called MyToonz. Toonz has tied up with several app stores, telecom firms, OTTs, and connected TV companies around the world to make MyToonz available for consumers across platforms.

Increasing Penetration of Affordable Broadband and Smartphones is One of the Major Factors Driving the Market Growth.

A mobile channel is becoming a commonly accepted video delivery platform, by outdistancing the traditional TV as the leading channel for production. The mobile is rapidly developing to become the popular service distribution channel for growth of service media platform. In addition, OTT apps with innovative pricing models, along with the sheer convenience, have made OTT platforms popular. Furthermore, the rapidly increasing popularity of animated videos, drama series and video games on gaming platforms are also significantly fostering the growth of the global over-the-top content market. However, latency issues and lack of data network infrastructure are hamper the market growth. In spite of that, mergers with national producers and film studios across regions for the SVOD model, the advancements in technologies, and untapped potential in emerging markets may offer favorable growth opportunities for the further growth of the global over the top (OTT) services market.              

North America is Anticipated to Dominate the Global Over The Top (OTT) Services Market

North America is expected to dominate the global OTT services market due to the increasing broadband access as well as high availability of large number of OTT services in this region. Additionally, new services such as ESPN, Turner Sports, AT&T, and Crown Family Media Networks experienced strong traction in the U.S., which increases the growth of the market. In the United States, there are more than 64 million homes are habitual to OTT platform with an average home viewing value is estimated at 86 hours of OTT content per month. Asia-Pacific is expected to witness a fastest growth with the highest CAGR as telecommunication companies offer OTT services with their data plans, which leads to fuels the over-the-top market growth in this region. In addition, increasing usage of mobile devices and government policies regarding regulating the content on video streaming platforms are authorized the exponential rise of adoption of OTT services in Asia Pacific region.

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 80.68 Billion
Base year considered	2020
Forecast Period CAGR %:	14.2%
Market Size Expected in 2027:	USD 204.38 Billion
Tables, Charts & Figures:	175
Pages	200
Key Players/Companies	Amazon.com, Inc., Google LLC, Roku, Inc., Facebook, Inc., Vudu, Inc., Microsoft Corporation, Kakao Corp., Netflex, Inc., Apple, Inc., Hulu, LLC, Telstra Corporation Ltd., and others.
Segments Covered	By Component, By Device Type, By Content Type, By Revenue Model, By User Type, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global OTT Industry Report:

• Global Over The Top (OTT) Services Market report covers in-depth historical and forecast analysis.
• Global Over The Top (OTT) Services Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), OTT Market Trends, Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global OTT Market Trends report helps to identify opportunities in marketplace.
• Global Over The Top (OTT) Services Market report covers extensive analysis of emerging trends and competitive landscape.
• Global Over The Top Devices & Services Market report covers OTT Industry Analysis & market Share Of Ott Platforms in the world.

OTT Statistics 

• USD 80.68 Billion in 2019
• expected to reach USD 204.38 Billion by 2027
• Growing CAGR at a 14.2%

OTT Trends

• COVID-19 Sparks a Quick Change
• 5G is Changing the Game
• User Experience (UX) Becomes Key