Press release
Over the Top (OTT) Services Market Emerging Trends, Overview, Share, Global Research, Development, Business Prospects, Companies Analysis, and Forecast 2021-2026 with Prominent Regions and Countries Data
The global over the top services market is projected to grow from $44.54 billion in 2021 to $139.00 billion in 2028 at a CAGR of 17.7% in forecast period
Request to Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/over-the-top-services-market-100506
COVID-19 Pandemic: Lockdown Measures Have Surged the Number of Subscribers
The temporary shutdown of entertainment zones, box-offices, and multiplexes have accelerated the demand for over the top services worldwide because of the COVID-19 pandemic. Nationwide lockdown measures have also raised the number of subscribers. The India Brand Equity Foundation, for instance, declared that in 2020, in just four months, the paid subscription of OTT video platforms surged by 31%. We are providing in-depth research reports to help you find the best strategy to take your business to a whole new level amid the pandemic.
Segments-
Media Services Segment to Dominate Stocked by Surging Number of Live-streaming Platforms
By type, the market for OTT services is divided into applications services, media services, and communication. Out of these, the media services segment is likely to remain at the forefront because of the rising number of platforms providing live-streaming, such as music, online games, sports, and concerts. The communication services segment generated 45.2% in terms of the OTT services market share in 2020. It is estimated to grow significantly backed by the emergence of i-message and WhatsApp.
Report Coverage-
The report delivers an elaborate assessment of numerous customers' journeys related to this industry, regions, and segments. It also provides various customer impressions about over the top services and their applications. The business intelligence and consultation solutions would aid interested stakeholders, such as chief experience officers to enhance customer experience maps catered to their requirements. They can transform customer experience and engagement with their own brands.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
https://www.fortunebusinessinsights.com/industry-reports/over-the-top-services-market-100506
Report Scope and Segmentation:
Report Coverage
Details
Forecast Period
2021 to 2028
Forecast Period 2021 to 2028 CAGR
17.7 %
2028 Value Projection
USD 139.00 Billion
Base Year
2020
Market Size in 2020
USD 13.9 Brillion
Historical Data for
2017 to 2019
No. of Pages
140
Segments covered
By Type, By Platform, and By Region
Growth Drivers
Swiftly Growing Demand for Smart TV to Fuel Market Opportunities
Rapidly Increasing Over the top Platforms is Likely to Drive Market Growth
Lockdown Pushed High Consumption of OTT Media amid COVID-19 Pandemic
Pitfalls & Challenges
Rapidly Increasing Over the top Platforms is Likely to Drive Market Growth
Regional Insights-
Asia Pacific Stood at USD 15.93 Billion in 2020: Fortune Business Insights™
Geographically, in 2020, North America procured USD 15.93 billion in terms of revenue. It is expected to dominate in the near future because of the rising investments by companies in the content creation sector. In the U.S., the presence of prominent OTT service providers, namely, Apple TV, Peacock, HBO Max, Quibi, and Disney+ would accelerate growth. On the other hand, Asia Pacific would grow exponentially backed by the presence of a well-established broadcaster sector in the region.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/over-the-top-services-market-100506
Competitive Landscape-
Key Players Focus on Launching Innovative Platforms to Compete with Their Rivals
The global market for over the top services contains a large number of companies that are majorly aiming to cater to the needs of people across the globe. That is why they are developing cutting-edge platforms to compete with their rivals. Below are the two latest industry developments:
May 2021: Kakao Entertainment acquired a video streaming technology provider named I&Soft worth USD 25 billion. This would enable the former to expand its OTT service business.
May 2021: Amazon India introduced an ad-supported, free video streaming service called miniTV available in Amazon shopping app. It has professionally curated and created content across fashion, comedy shows, beauty, web-series, and tech news.
A list of renowned over the top services providers operating in the global market:
com, Inc. (Washington, United States)
Netflix, Inc. (California, United States)
Hulu, LLC (California, United States)
Google LLC (California, United States)
Apple, Inc. (California, United States)
Facebook, Inc. (California, United States)
Telstra Corporation Ltd. (Melbourne, Australia)
Rakuten, Inc. (Tokyo, Japan)
Roku, Inc. (California, United States)
Kakao Corp. (Jeju-si, South Korea)
Vimeo Live (New York, United States)
The Walt Disney Company (California, United States)
Sling TV (Colorado, United States)
AT&T TV (WarnerMedia HBO) (California, United States)
Quick Buy - Over The Top Services Market:
https://www.fortunebusinessinsights.com/checkout-page/100506
Table of Content:
Introduction
Definition, By Segment
Research Methodology/Approach
Data Sources
Key Takeaways
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Global Over the Top Services Key Players Market Share Insights and Analysis, 2020
Key Market Insights and Strategic Recommendations
Companies Profiled (Covered for key 10 players only)
Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Subjected to data availability in public domain and/or on paid databases)
Employee Size
Key Financials
Past and Current Revenue
Business Segment Share
Recent Developments
Annexure / Appendix
Global Over the Top (OTT) Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By OTT Services (USD)
Online OTT Services
Managed OTT Services
By Type (USD)
OTT Communication services
OTT Media services
OTT Applications services
By Platform (USD)
Smartphones
Smart TVs
Laptops Desktops and Tablets
Others (gaming consoles)
By Region (USD)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
North America Over the Top (OTT) Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By OTT Services (USD)
Online OTT Services
Managed OTT Services
By Type (USD)
OTT Communication services
OTT Media services
OTT Applications services
By Platform (USD)
Smartphones
Smart TVs
Laptops Desktops and Tablets
Others (gaming consoles)
By Country (USD)
United States
By Type
Canada
By Type
Europe Over the Top (OTT) Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By OTT Services (USD)
Online OTT Services
Managed OTT Services
By Type (USD)
OTT Communication services
OTT Media services
OTT Applications services
By Platform (USD)
Smartphones
Smart TVs
Laptops Desktops and Tablets
Others (gaming consoles)
By Country (USD)
United Kingdom
By Type
Germany
By Type
France
By Type
Spain
By Type
Rest of Europe
Asia Pacific Over the Top (OTT) Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By OTT Services (USD)
Online OTT Services
Managed OTT Services
By Type (USD)
OTT Communication services
OTT Media services
OTT Applications services
By Platform (USD)
Smartphones
Smart TVs
Laptops Desktops and Tablets
Others (gaming consoles)
By Country (USD)
China
By Type
Japan
By Type
India
By Type
Southeast Asia
By Type
Rest of Asia Pacific
Middle East & Africa Over the Top (OTT) Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By OTT Services (USD)
Online OTT Services
Managed OTT Services
By Type (USD)
OTT Communication services
OTT Media services
OTT Applications services
By Platform (USD)
Smartphones
Smart TVs
Laptops Desktops and Tablets
Others (gaming consoles)
By Country (USD)
GCC
By Type
South Africa
By Type
Rest of MEA
Latin America Over the Top (OTT) Services Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
By OTT Services (USD)
Online OTT Services
Managed OTT Services
By Type (USD)
OTT Communication services
OTT Media services
OTT Applications services
By Platform (USD)
Smartphones
Smart TVs
Laptops Desktops and Tablets
Others (gaming consoles)
By Country (USD)
Brazil
By Type
Mexico
By Type
Rest of Latin America
TOC Continued.
Speak to Our Analyst-
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/over-the-top-services-market-100506
Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Over the Top (OTT) Services Market Emerging Trends, Overview, Share, Global Research, Development, Business Prospects, Companies Analysis, and Forecast 2021-2026 with Prominent Regions and Countries Data here
News-ID: 2577618 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for OTT
OTT Content Market
The emergence of the live streaming trend and virtual reality technology is a great opportunity for major players to develop innovative offerings in the OTT content market. An increase in the adoption of high speed broadband, along with the increasing demand for smartphones and smart televisions is contributing to the growth of the OTT content market. Players in the market are continuously upgrading their product portfolios to meet the increasing…
Over the Top (OTT) Content
Market Overview
The Global Over The Top (OTT) industry hit a significant mark in the year 2017. The sector was valued at $97.43 billion in the year 2017 and is expected to grow at a compound annual growth rate of 16.7% between the years 2018 to 2025. By the year 2025, the industry is expected to cross an astounding figure of $332.52 billion marks. The massive growth opportunities have excited investors…
Over the Top (OTT) Services Market - Reluctance of Customers to Spend on OTT Ser …
The global over-the-top (OTT) services market has been projected in a report by Transparency Market Research (TMR) to witness a rising count of players focusing on inorganic growth strategies such as acquisition of smaller players to gain a competitive edge. However, some of them could also concentrate on improving their product portfolio to attain a position of strength in the market. Google, Apple, and Netflix are among the leading players…
Global OTT Services Market: Rising Demand for Online and Cloud Services to Make …
OTT services are delivered over internet service provider’s channel, however, they don’t have any involvement in the planning or provisioning of service. As these services are directly offered to consumers ‘over the top’ of internet service provider’s network, they have derived the name - over the top services. In response to the proliferation of smartphones and their compatibility with OTT applications, the demand for OTT services is poised to rise…
OTT Services Market: Rising Demand for Online and Cloud Services to Make OTT Ser …
On account of comprising several international and regional players, the global over the top (OTT) services market exhibit a highly fragmented vendor landscape. With established players expanding their footprint across the world, regional companies are finding it increasingly difficult to compete with them in terms of quality, features, and price advantage. According to Transparency Market Research (TMR), several international companies are likely to grow inorganically in the coming years by…
World OTT Video Market 2017 - Telecom Operators, Mobile Operators, Broadcasters, …
The study on OTT Video market presents a comprehensive overview of the global OTT Video market and delves into discussing the growth drivers, restraints, and potential opportunities. It provides an executive level blueprint on the market, with key focus on evaluating the market trends exhibited in the emerging regional markets. In a coherent chapter-wise format the report presents the historical data and statistics of the market and evaluates how the…
