Welcome to
On Feet Nation
Posted by lucky on September 9, 2024 at 11:56pm 0 Comments 0 Likes
Posted by Cecile on September 9, 2024 at 11:49pm 0 Comments 0 Likes
Posted by Helen on September 9, 2024 at 11:49pm 0 Comments 0 Likes
The global Over The Top Devices And Services Market size is expected to reach USD 1,079.1 billion by 2030, expanding at a CAGR of 24.3% from 2023 to 2030, according to a new study by Grand View Research, Inc. The rollout of high-speed broadband internet has resulted in a rising inclination toward online streaming platforms, thereby fueling the growth of the OTT devices and services market.
Moreover, the proliferation of technologies such as high bit-rate streaming, pause & rewind controls, and more, in live streaming and Video on Demand (VOD) has contributed to the increasing number of OTT subscriptions, thus creating a positive outlook for the market. The industry is witnessing an influx of new players, with major platforms such as Netflix facing intense competition from competitors, including Disney+ and Apple TV+.
OTT service providers are increasingly offering premium content for paying customers to gain optimum customer engagement. Although OTT platforms have been successfully making their way into developing markets such as India, the coronavirus crisis has undoubtedly given a push to the viewers’ appetite for digital content. As per estimations, OTT devices and services have now become a popular mode of entertainment for a sizeable audience base due to the inaccessibility of outdoor entertainment and the unavailability of fresh content on television channels.
The industry has revolutionized the ways of content creation and distribution, along with streaming. Market participants are constantly adding engaging content to cater to the rising demand of customers for content variety. The pandemic resulted in rising interest among consumers to move towards entertainment offered by OTT service providers, which has led to a significant shift in content consumption. The market is expected to evolve continuously in the coming years, owing to the enormous potential for customized and consumer-centric content made available on demand.
North America is anticipated to hold a significant share of the OTT devices and services market over the forecast period, owing to the presence of key OTT service providers in the region. Additionally, the presence of major content production houses is also one of the major factors for regional market growth. Moreover, the high level of internet and smartphone penetration in the region has added to the market advancement in recent years.
List of Key Players in the Over The Top Devices And Services Market
Related Press Release@ Over The Top Devices and Services Market Report
Over The Top Devices And Services Market Report Highlights
Request a Free Consultant @ https://www.grandviewresearch.com/request-free-consultation/4556/rfc
Over The Top Devices And Services Market Segmentation
Grand View Research has segmented the global over the top devices and services market based on type, device, service type, OTT business models, platform, and region.
Over The Top Devices And Services Type Outlook (Revenue, USD Billion, 2018 - 2030)
Over The Top Device Outlook (Revenue, USD Billion; Volume, Million Units, 2018 - 2030)
Over The Top Device Service Type Outlook (Revenue, USD Billion, 2018 - 2030)
Over The Top Devices And Services OTT Business Model Outlook (Revenue, USD Billion, 2018 - 2030)
Over The Top Devices And Services Platform Outlook (Revenue, USD Billion, 2018 - 2030)
Over The Top Devices And Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation