Global Information Inc. would like to present a new market research report, "Online TV & Video Forecasts" by Digital TV Research.
Global online TV and video revenues will reach $28.72 billion in 2017, a massive increase from the $3.79 billion recorded in 2010 and the $11.14 billion expected in 2012, according to a new report from Digital TV Research. The Online TV and Video Forecasts report (which covers fixed broadband developments - not smartphones or tablets) explains that the over-the-top TV sector is on the brink of a huge take-off as the key players expand globally, companies consolidate and as new partnerships are announced on a daily basis.
By 2017, 480 million homes in 40 countries will watch online television and video, up from 182 million in 2010. By 2017, 64.6% of the worlds 745 million fixed broadband homes will view television and video online, up from 33.5% of the 473 million fixed broadband total in 2010.
Online TV and video advertising is the key driver of OTT with revenues of $6 billion in 2012, which is up $2.4 billion from 2010. Rapid advertising expenditure growth will continue, reaching a global total of $14.7 billion in 2019. However, advertisings share of total OTT revenues will fall from 65% in 2010 to 51% in 2017.
The US will remain the dominant territory for online TV and video revenues. However, its share of total revenues will drop from 53% in 2010 (when revenues were recorded at $2 billion) to 38% in 2017 (nearly $11 billion). Chinas online television and video revenues will jump from $49 million in 2010 to $2.06 billion in 2017.