Over-The-Top Services Market Overview by Type, Trends, Key Factors, Technology, Features, Opportunity, Innovation, Demand, Competition, Key Companies & Forecast 2020-2025
The global Over-The-Top Services market is expected to reach nearly USD 210 billion by 2025. In addition, the market is expected to grow at a CAGR of more than 15% over the forecast period 2018-2025.
Dallas, United States – October 23, 2020 /MarketersMedia/ —
Cloud-based Upgrade Trending in OTT service Market
Advances in smart device ownership led by consumer device production advances and customer buying abilities are anticipated to support systematic expansion in over the top services market, according to a new research report by Adroit Market Research. With millennial consumers shifting preferences for on-the-go streaming services, over the top services are anticipated to grow exponentially, aptly supported by favorable internet pervasiveness and access.
One of the prominent technological innovation in OTT service market is cloud integration. Cloud solutions are growing as a robust and reliable broadcast solution that eliminates technical glitches and downtime by supporting efficient streaming with requisite preventive maintenance.
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Network service providers are taking on a more flexible approach with cloud integration such that TV and OTT content are available on a single viewer platform to enrich viewer experience. Solution architects are using unique cloud architecture that enables hassle free onboarding user interfaces, plugins and OTT content and then integrating all these functionalities to offer unified viewing experience with open-source web browser.
Metrological Offers Technicolor with New Browser Model, Enabling Diverse OTT Services Opportunities
A leading app development company Metrological that produces apps to integrate OTT channels and conventional TV platform functionalities, has designed a new cloud based OTT browsing architecture to expand OTT service opportunities. With this development in place Metrological has collaborated with Technicolor that will allow the latter to adopt Metrological’s WPE browsing architecture to be integrated with Technicolor hybrid cable and set top boxes to enhance viewing experience. To revive businesses, traditional operators are increasingly investing towards adopting next gen set top boxes to enable OTT services.
Other prominent partnerships such as Emirati telco Etisalat has recently doled out its new OTT service in a joint collaboration with Synamedia to expand foothold across UAE.
As a favorable opportunity in OTT service market, COVID-19 based lockdown further improves growth likelihood in OTT service market as consumer demands for on-demand content rises.
Browse the complete report Along with TOC at: https://www.adroitmarketresearch.com/industry-reports/over-the-top-services-market
The major players of the global over-the-top services market are:
Amazon.com, Google, Microsoft, Apple, Roku, Netflix, YouTube, Facebook, Hulu, and Roku. Moreover, the other potential players in the over-the-top services market are Home Box Office, Indieflix, Tencent, Vudu, and Rakuten. The recognized companies are coming up with innovative and new over-the-top services and solutions. For instance, in September 2019, Apple announced the launch of Apple TV+ in India. Apple TV+ is an on-demand video subscription service that is available through the Apple TV app to the users at less than $2 per month.
Segment Overview of Global Over-The-Top Services Market
Streaming Device Overview, 2018-2025 (USD Billion)
• Smartphones
• Personal Computer and Tablets
• Smart TV
• Gaming Consoles
• Others
Content-Type Overview, 2018-2025 (USD Billion)
• Video
• Music
• Gaming
• Communication
• Others
Revenue Model Overview, 2018-2025 (USD Billion)
• Advertisement-Based
• Subscription-Based
• Transaction-Based
End Users Overview, 2018-2025 (USD Billion)
• Gaming
• Media and Entertainment
• Education
• IT & Telecom
• Others
Regional Overview, 2015-2025 (USD Million)
• North America (U.S., Canada)
• Europe (Germany, United Kingdom, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East & Africa
Some Major Points from Table of Content (TOC):
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Over-The-Top Services Market by Streaming Device
Chapter 6 Over-The-Top Services Market by Content-Type
Chapter 7 Over-The-Top Services Market by Revenue Model
Chapter 8 Over-The-Top Services Market by End Users
Chapter 9 Over-The-Top Services Market By Region
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
What does the report include?
• The study on the global over-the-top services market includes qualitative factors such as drivers, restraints, and opportunities
• The study covers the competitive landscape of existing/prospective players in the over-the-top services industry and their strategic initiatives for the product development
• The study covers a qualitative and quantitative analysis of the market segmented based on streaming device, content type, revenue model, and end users. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Make an Enquiry About This Report at: https://www.adroitmarketresearch.com/researchreport/purchase/1537
About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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Website: https://www.adroitmarketresearch.com/industry-reports/over-the-top-services-market
Source: MarketersMedia
Release ID: 88982198
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