Report Id: SNS/ICT/1235 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Over-the-top (OTT) Market Size was valued at USD 201.43 billion in 2021 and is expected to reach USD 1178.08 billion by 2028, and grow at a CAGR of 28.7% over the forecast period 2022-2028.
Movies and TV shows offered directly to digital viewers without the need for a broadband or satellite television subscription are referred to as over-the-top services. OTT material may be downloaded and viewed directly by the user. Movies and TV shows are examples of this form of material, which is supplied straight to connected devices such as PCs, tablets, smartphones, and consoles over the internet. Over-the-top services are still in their infancy, but they are quickly becoming a popular technology throughout the world. The over-the-top market is expected to undergo creative and complex transformations, allowing users to obtain whatever they need from a single location.
Through-the-top (OTT) is a movie and television content platform that is delivered over a high-speed internet connection rather than through a cable or satellite provider. OTT adoption has considerably assisted the video, music, podcast, and audio streaming categories. The restricted genre selections, packaging flexibility, broader device availability, internet penetration, and overall cheaper prices are all contributing to increased acceptance.
OTT carriers are anticipated to offer more live streaming in the future.
OTT content will undergo a significant transition as short news reaches Periscope, Facebook Live, and possibly YouTube.
OTT media services provide more easier access, connectivity, convenience, and usefulness than traditional cable and satellite systems.
In the foreseeable years, slow internet speeds and inadequate coverage are expected to stymie industry expansion.
The internet has yet to reach every corner of the globe, making it difficult for individuals to use it and the services it provides.
In the future, OTT providers are projected to provide additional live streaming channels.
Viewers are live streaming Twitch concerts, zoom lectures, business meetings, and virtual book launches, which is likely to generate significant revenue for the sector.
The removal of existing carriers will arise from the adoption of over-the-top content services.
The inability to shop around for reasonable rates is a big drawback for the over-the-top content (OTT) sector.
IMPACT OF COVID-19:
Because of the ongoing rise in demand for OTT services, the COVID-19 epidemic has had a beneficial influence on the worldwide OTT market's growth. This demand is mostly due to the continued rise in online messaging services as a result of the imposed lockdown, since a growing number of viewers communicate through various online platforms. Furthermore, consumption of online video platforms is rapidly expanding in developing economies such as India and China, favorably boosting market development. According to a poll conducted by InMobi, a mobile marketing platform, 46% of consumers are viewing increased web content, whereas another customer survey found that OTT consumption primetime has shifted from 10 pm to 12 am.
Component, device type, content type, revenue model, user type, end user, and region are all segments of the global over-the-top market. Smart devices, laptops, desktops & tablets, gaming consoles, set-top boxes, and others are different types of gadgets. It is divided into video, audio, gaming, communication, and other content types. Subscription, advertising, hybrid, and other revenue models are the several types of revenue models. The over-the-top sector is made up of industry verticals such as media & entertainment, education & training, health & fitness, sports & live events, IT & telecom, e-commerce, BFSI, government, and others.
The key market players include AMAZON WEB SERVICE, Netflix, Hulu, Google LLC, Apple Inc.
KEY MARKET SEGMENTS:
By component type:
By device type:
Laptops, Desktops, Tablets
By content type:
By Revenue Model:
By User Type:
By End User:
Media and Entertainment
Education and Training
Health and Fitness
IT & Telecom
North America dominated the overall OTT market share in 2021, as the region is equipped with high broadband access as well as a number of services, which have already moved on to providing several videos in HD and 4K. Moreover, new services such as AT&T, ESPN, Turner Sports, and Crown Family Media Networks experienced strong traction in the U.S., which fuels the growth of the market. However, Asia-Pacific is expected to grow at the highest CAGR, as telecommunication providers offer OTT services with their data plans, which fuels the over-the-top market growth. In addition, the increase in penetration of mobile devices and government policies regarding regulating the content on video streaming platforms are enabling the exponential rise of adoption of OTT services.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 201.43 Bn|
|Market Size by 2028||US$ 1178.08 Bn|
|CAGR||CAGR of 28.7% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (Solution and Services)
• by Device Type (Smartphones; Smart TVs; Laptops, Desktops, and Tablets; Gaming Consoles; Set-top Box; and Others)
• by Content Type (Video, Audio/VoIP, Games, Communication, and Others)
• by Revenue Model (Subscription, Advertisement, Hybrid, and Others)
• by User Type (Personal and Commercial)
• by End User (Media & Entertainment, Education & Training, Health & Fitness, IT & Telecom, E-commerce, BFSI, Government, and Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Amazon Web Service, Netflix, Hulu, Google LLC, Apple Inc.|
|Key Drivers||• OTT carriers are anticipated to offer more live streaming in the future.
• OTT content will undergo a significant transition as short news reaches Periscope, Facebook Live, and possibly YouTube.
|Market Opportunities||• Viewers are live streaming Twitch concerts, zoom lectures, business meetings, and virtual book launches, which is likely to generate significant revenue for the sector.|
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Over-the-top Market Segmentation, by Component
9. Over-the-top Market Segmentation, by Device Type
9.2 Smart TVs
9.6 Gaming Consoles
9.7 Set-top Box
10. Over-the-top Market Segmentation, By Content Type
10.2 Audio /VoIP
11. Over-the-top Market Segmentation, By Revenue Model
12. Over-the-top Market Segmentation, By User Type
13. Over-the-top Market Segmentation, By End User
13.1 Media & Entertainment
13.2 Education & Training
13.3 Health & Fitness
13.4 IT & Telecom
14. Regional Analysis
14.2 North America
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4.2 South Korea
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.3 South Africa
14.6 Latin America
14.6.3 Rest of Latin America
15. Company Profiles
15.1 Amazon Web Services (AWS)
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.4 Google LLC
15.5 Apple Inc
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
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