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OTT market is expected to grow at a CAGR of 17.16% during the forecast period 2017 – 2025,
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The global OTT market is expected to grow at a CAGR of 17.16% during the forecast period 2017 – 2025, to account for US$ 158.4 Bn in 2025. Within this market, various regions are observed to exhibit different growth trends. The North America and Europe in total holds more than half of the total market. While the regions such as Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM) are expected to exhibit high growth.
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The global OTT market is at the peak of its growth and is expected to grow furiously I the coming years. Numerous market leaders in this market have acclaimed notable growth in their business. In the year 2016, Hulu’s annual growth accounted for more than 30% of rise. The company also claimed to have 12 Mn paid subscribers. Whereas the global market leader Netflix charted excess of 75 Mn subscribers and made its presence in 200 countries across the globe. Amazon recorded an approximate of 50 Mn prime members, all of which have access to original and licensed video on-demand (VOD) OTT content as part of their memberships.
Global Over The Top (OTT) Market Players:
1. Akamai Technologies, Inc.
2. Amazon.com, Inc.
3. Apple, Inc.
4. CBS Corporation, Inc
5. Facebook, Inc.
6. Google, Inc.
7. HBO NOW
8. Hulu L.L.C.
9. Netflix, Inc.
10. Roku, Inc.
OTT plays across the globe are altering their communications app into a highly enabled media platform, which serve as social networking centers, facilitating numerous media services. Furthermore, several partnership opportunities have emerged as the carriers are getting convinced that they would be able to generate healthy revenue from the OTT communications.
The report segments the global OTT market as follows:
Global OTT Market – By Content Type
VoIP
Text and Images
Video
Global OTT Market – By Platform
Smart Devices
Gaming Consoles
Set-top Box
Laptops, Tablets & Desktops
Global OTT Market – By Revenue Model
Digital Advertising
Subscription
Rental
Others
Global OTT Market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K.
Rest of Europe
Asia Pacific (APAC)
Japan
China
India
Australia
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
South Africa
U.A.E.
Rest of MEA
South America (SAM)
Brazil
Rest of SAM
Complete Report is Available at http://www.reportsweb.com/over-the-top-ott-market-to-2025
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