PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1118058
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1118058
According to SPER Market Research, the Global OTT Streaming Market is estimated to reach USD 553.76 billion by 2030 with a CAGR of 16.4%.
Sales of over-the-top content streaming services and related goods that deliver streaming video over the internet make up the over-the-top (OTT) content streaming market. Smartphones, smart TVs, computers, desktops, tablets, gaming consoles, set-top boxes, and other devices are the most common types of equipment used for OTT streaming. Smartphone is a term used to describe a portable electronic device that connects to a cellular network.
OTT streaming is anticipated to experience rapid growth during the forecast period due to the growing shift in consumer social behaviour, which is moving away from traditional subscriptions and toward broadcasting services and over-the-top (OTT) on-demand video and music subscriptions every year. Because of the extra advantages, such as on-demand services and ease of access, several demographic groups have begun to substitute video streaming services for traditional television for entertainment. There will likely be a dramatic increase in the number of people watching videos on streaming and pay-per-view services.
Impact of COVID-19 on the Global OTT Streaming Market:
Due to the COVID-19 emergency, the globe is undergoing an unexpected change, and the majority of industrial verticals are currently suffering difficult times. However, this crisis is anticipated to have a favourable impact on the worldwide over-the-top business. Lockdowns have been implemented by many governments to stop the virus' spread, which has greatly increased how much time people spend on their mobile devices. Additionally, a survey by Research Dive found that the percentage of viewers in the entertainment industry is rising by 30%. OTT services for internet content like video and audio services are ultimately driven by these considerations.
Scope of the report:
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Product, By Procedure, By Patient Type, By End User
Geographies covered North America, Europe, APAC, Latin America, and the Middle East & Africa
Companies Covered Amazon.com, Inc., Apple, Inc., Facebook, Inc., Google, Inc., Hulu, Kakao Corp., LLC, Microsoft Corporation, Netflix, Inc., Rakuten Inc., Tangent, YouTube
Global OTT Streaming Market, By Device Type:
Based on the Form, Global OTT Streaming Market is segmented as; Smartphones, Smart TVs, Laptops, Desktops and Tablets, Gaming Consoles, Set-Top Box, Others.
Global OTT Streaming Market, By Revenue Source:
Based on the Sources, Global OTT Streaming Market is segmented as; AVOD, SVOD, TVOD, Others.
Global OTT Streaming Market, By User Type:
Based on the Application, Global OTT Streaming Market is segmented as; Commercial, Personal.
Global OTT Streaming Market, By End User:
Based on the Distribution, Global OTT Streaming Market is segmented as; E-commerce, Media and Entertainment, Education and Training, IT and Telecom, Health and Fitness, Others.
Global OTT Streaming Market, By Region:
Europe and Asia held the highest share of the worldwide Global OTT Streaming Market, but it is predicted to develop slowly throughout the forecast period. Because of its size, it remains one of the most important marketplaces for the OTT Streaming Market.