OTT Platform Market Breakdown By Size, Share, Growth, Trends, and Industry 2030- MarkNtel Advisors
According to Markntel Advisors Report, OTT Platform Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Market Definition- Over-the-top
(OTT) platforms are services where entertainment movies & TV shows are
delivered straight to digital users without the requirement of a cable or
satellite television subscription. These platforms encapsulate movies & TV
services that are directly downloaded & viewed on the user’s demand over
the internet to interconnected devices like smartphones, PCs, tablets, &
consoles, among others.
Global OTT Platform Market Research
Report & Summary:
The Global OTT Platform
Market size
was valued at around USD 235
billion in 2024 and is projected to reach USD 595 billion by 2030. Along
with this, the market is estimated to grow at a CAGR of around 16.7% during the
forecast period, i.e., 2025-30.
Time Period
Captured in the Report:
·
Historical
Years: 2020-2023
·
Base
Years: 2024
·
Forecast
Years: 2025-2030
Who are the Key Players Operating in the OTT
Platform Market?
The top
companies of the OTT Platform Market ruling the industry are:
Amazon.com, Inc., Netflix, Inc., Hulu, LLC,
Google LLC, Apple Inc., Telstra Corporation Ltd., Facebook, Inc., Kakao Corp.,
Vimeo Live, Rakuten, Inc., The Walt Disney Company, IndieFlix Group Inc., Home
Box Office, Inc., XUMO, STARZ, and Others
Access the detailed PDF
Sample report – https://www.marknteladvisors.com/query/request-sample/ott-platform-market.html
("Kindly
use your official email ID for all correspondence to ensure seamless engagement
and access to exclusive benefits, along with prioritized support from our sales
team.")
Recent Development - February 2024:
Verimatrix partnered with Amazon Web Services (AWS) to enhance the scalability,
availability, and user-friendliness of its Streamkeeper Multi-DRM platform for
securing OTT content in the cloud.
What is Included in OTT Platform Market
Segmentation?
The OTT Platform Market explores the industry
by emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Type
-Video on Demand- Market Size & Forecast 2020-2030, USD Million
-Communication- Market Size & Forecast 2020-2030, USD Million
-Music Streaming- Market Size & Forecast 2020-2030, USD Million
-Online Gaming- Market Size & Forecast 2020-2030, USD Million
-By Monetization Model
-Advertising-Based- Market Size & Forecast 2020-2030, USD Million
-Subscription-Based- Market Size & Forecast 2020-2030, USD Million
-Transaction-Based- Market Size & Forecast 2020-2030, USD Million
-Hybrid-Based- Market Size & Forecast 2020-2030, USD Million
-By Service Vertical
-Education and Learning- Market Size & Forecast 2020-2030, USD
Million
-Media & Entertainment- Market Size & Forecast 2020-2030, USD
Million
-Gaming- Market Size & Forecast 2020-2030, USD Million
-By Streaming Devices
-Desktops and Laptops- Market Size & Forecast 2020-2030, USD Million
-Smartphones and Tablets- Market Size & Forecast 2020-2030, USD
Million
-Smart TVs- Market Size & Forecast 2020-2030, USD Million
-Others (Gaming Consoles, Set Top Box, etc.)- Market Size & Forecast
2020-2030, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific
Explore
the Complete OTT Platform Market Analysis Report – https://www.marknteladvisors.com/research-library/ott-platform-market.html
Market Dynamics -Global OTT
Platform Market:
Increasing Number of
Millennial Users of OTT Platform – Millennials are
increasingly using OTT platform services has greatly expanded the Global OTT
Platform Market. The largest consumer demographic for digital streaming
services is millennials who make up about 23% of the world’s population.
Personalized content and flexibility are the main reasons why 65% of
millennials choose over-the-top (OTT) platforms over traditional television.
Subscriptions to websites like; Netflix, Amazon Prime, and Disney+ also
increased in 2020. Netflix added 36 million new members the largest annual
growth in its history.
Related Reports:
Furthermore,
almost 70% of millennial users spend more than 8 hours a week on OTT platforms
indicating that millennials also play a significant role in the binge-watching
culture. Millennials are a key audience for this industry because they prefer
on-demand diverse and original content over traditional TV, which is driving
the market for OTT platforms.
Expansion into Regional
Markets with Localized Content – Localized and
regional content is becoming increasingly popular which is opening up a lot of
opportunities for market participants in the Global OTT Platform Market. For
example, Disney+ Hotstar revealed that nearly 40% of its content viewership in
India comes from regional languages like; Tamil, Telugu, and Bengali. Netflix
set aside USD 1.9 billion in 2023 for content production throughout Asia. By
providing Arabic-language content platforms such as Shahid VIP have gained a
substantial portion of the Middle Eastern market in 2023 alone they added over
2 million new members. To make content accessible to a variety of audiences,
platforms are also incorporating technologies like AI-powered subtitling and
real-time dubbing.
Increased
smartphone usage, affordable internet plans, and growing disposable incomes in
regional markets have made localized content a crucial factor in the expansion
of subscription audience engagement and long-term revenue generation.
Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/ott-platform-market.html
Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides an extensive range of
strategic reports on diverse industry verticals. We being a qualitative &
quantitative research company, strive to deliver data to a substantial &
varied client base, including multinational corporations, financial
institutions, governments, and individuals, among others.
We have our existence across the market for
many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and
several others.
For Further Queries:
Contact Us
MarkNtel Advisors
Call us
- +1 628 895 8081, +91 120 4278433
Email at -sales@marknteladvisors.com
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India
Comments
Post a Comment