Press release
OTT Content Market is Driven by Increasing Adoption of Connected Devices and Increasing Availability of High-Quality Content
OTT content is usually delivered via the internet and can be viewed on a variety of devices, including computers, tablets, smartphones, and smart TVs. OTT content is usually subscription-based, meaning that viewers pay a monthly fee to access the content.
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Key Trends
There are four key trends in OTT content technology:
1. The shift to streaming: More and more people are ditching traditional cable TV in favor of streaming services like Netflix, Hulu, and Amazon Prime Video. This shift is being driven by the increasing availability of high-speed internet connections and the declining cost of streaming devices like Roku and Amazon Fire TV.
2. The rise of 4K and HDR: 4K and HDR are the latest buzzwords in the world of TV technology. 4K refers to the resolution of the display, which is four times that of 1080p HD. HDR, or high dynamic range, is a new type of color technology that can display a wider range of colors and brighter highlights than standard TVs.
3. The growth of virtual reality: Virtual reality is another hot trend in the world of OTT content. While VR has been around for a while, it is only now starting to become more mainstream thanks to the release of affordable headsets like the Oculus Rift and HTC Vive.
4. The expansion of global markets: The OTT content market is no longer just a North American phenomenon. Thanks to the growth of streaming services like Netflix, Hulu, and Amazon Prime Video, OTT content is now available in countries all over the world.
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Key Drivers
There are several key drivers of OTT content market. Firstly, the increasing penetration of broadband and mobile internet is driving the growth of this market.
Secondly, the increasing adoption of connected devices such as smart TVs, gaming consoles, and set-top boxes is another key driver.
Thirdly, the increasing number of OTT content providers is also fueling the growth of this market.
Lastly, the increasing availability of high-quality content is also driving the growth of this market.
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Key Players
The key players in the OTT Content Market are Amazon.com, Inc., Apple, Inc., Brightcove, Inc., Google, Inc., Hulu LLC, Netflix, Inc., Roku, Inc., Tencent Holdings Ltd., Alphabet Inc., and Comcast Corp.
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