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APAC’s OTT Video Market Poised to Witness Steady Growth According to a New Report
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The success of OTT services in any market depends upon a host of factors, with viewer awareness and receptiveness among the key factors. Smartphone ownership, cellular and broadband penetration levels, and pay-TV subscription are the other key factors that influence the scope of OTT video services in a market. The APAC region remains diverse, with a significant variation in internet and broadband penetration levels. Further, owing to lax piracy laws, a significant section of the consumer base is habitual of downloading pirated copies from the internet. In view of these factors, many OTT video service providers are using a mix of AVOD and SVOD to consolidate their position.
According to the report, content remains an integral part of overall viewer experience in APAC. OTT video service providers have realized the importance of high-quality content, as a result of which, content production has gained prominence. Further, increase in smartphone ownership and launch of 4G services in several APAC countries are leading to collaboration between telecom service providers and OTT video service providers.
The report offers lucid insights into the OTT video market, including a general analysis on business models. A detailed taxonomy of the market is also offered to the readers. Detailed insights on OTT video service providers in APAC region are also provided to readers. Information on penetration of pay-TV, and opportunities in the mobile OTT are offered to readers. In a bid to give readers insights on infrastructure and socioeconomic factors influencing demand, a Market Attractiveness Index is offered in the report.
Strategies of the four key OTT video service providers have been discussed in the report in the form of four case studies. The key OTT video service providers profiled in the case studies include Netflix, iflix, Viu, and Hotstar.
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Further, the report offers recommendations on few strategies that can help existing and new entrants to consolidate their position. According to the report, OTT service providers in countries that have low OTT readiness can commence with AVOD services to raise awareness and interest among viewers. The report comments that this strategy has helped Hotstar and Viu in gaining a significant foothold in the APAC OTT video services market. However, AVOD as a business model is likely to face a lot of challenges, on account of high cost of content acquisition. Further, relying on one particular form of content may not work, and OTT service providers may have to rely on a mix of local and international content to appeal to a wider target audience.
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