OTT Market to Amount to USD 64.9 Bn by 2021, Forecasts TechSci Research in Its New Report Available at MarketPublishers.com26 Sep 2016 • by Natalie Aster
LONDON – The world’s over the top (OOT) marketplace is driven by a number of factors. Some of the major drivers of this market are an increasing number of platforms enabling access to the Internet, growing penetration of the telecom network from pole to pole, and more.
Online traffic has significantly increased over the recent years given a rise in the demand for SVOD, VOD, VoIP, etc.
The online gaming market grows, as well. Its growth is propelled by such factors as introduction of new technologies and expansion in the online gamer base.
Some of the most recent trends and developments in the global space comprise: increasing adoption for multi-screen video platforms, content localization, the rising demand for augmented reality games over handheld gadgets, etc.
Netflix owned the largest share of the world’s marketplace in 2015. It is unlikely to be dethroned in the years to come. The media and entertainment sector formed the largest end-user segment of the market.
The world’s OTT marketplace is forecast to be worth more than USD 64.9 billion by 2021. This growth will be encouraged by rising adoption of cloud computing, expansion of the IoT marketplace, and more.
New research report “Global Over The Top Market ” developed by TechSci Research provides a comprehensive analysis of the world’s OTT market. The study offers a 360-degree overview of the global marketplace. It delves deep into performance of regional marketplaces: the report estimates their sizing, focuses on performance of each segment and covers top countries.
The research study analyses market attractiveness and scrutinizes dynamics of the world’s marketplace. It throws light on trends and developments of this space and explores the competitive landscape. Company profiles as well as detailed future outlook are on hand in the report, too.
More new research reports by TechSci Research can be found at its page.