Press release
In-depth Insights from Global over the Top (OTT) Services Market Highlighted in New Research forecast CAGR of 16.4% through 2025
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Key Highlights from the Study
It has been clearly stated in the study that due to the proliferation of smartphones and their compatibility with OTT applications, the demand for OTT services is poised to rise progressively in the coming years. The global over the top services market was valued at US$1,049.21 billion in 2017 and the demand for OTT is estimated to expand at a remarkable CAGR of 16.4% from 2017 to 2025, reaching a value of US$3,538.04 billion by 2025.Furthermore, this 207-page in-depth report reveals insight into the crucial aspects of the global market important segments, competitive landscape and major factors fueling growth. Also, the market has been segmented into six regions: North America, Latin America, Europe, Asia Pacific and MEA. A market attractiveness analysis has also been offered for every geographic region in the report to give an exhaustive analysis of the competitive scenario in the market. The major segments highlighted in the study include business model, application and end-use. By business model, the report covers premium and subscriptions, adware and e-commerce. By application, the market has been classified into communication, e-services, media content, and cloud services.
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The rising need for infrastructure and compliance and accelerating demand for time-shifted television could also help the market to create growth opportunities in the coming years. Considering the rapidly growing demand, the report finds that maintaining the brand-image has become a crucial aspect for companies to gain shares over their competitors in the global over the top services market. In terms of geography, the report adds that North America led the OTT services market in 2017 and is expected to remain dominant throughout the forecast period 2017 to 2025.Netflix, Inc., Facebook, Inc., Twitter Inc., Rakuten, Inc., Evernote Corporation, LinkedIn Corporation, Google, Inc., Skype (Microsoft Corporation), Amazon Inc., Dropbox, Inc., Apple, Inc., Hulu, LLC. Electronic Instruments Co., Ltd are some of the key players in the global OTT services market that has been labeled in this study
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