Owing to Increased Internet Speed, Over the Top (OTT) Services Market is Anticipated to Grow

Published Date : Feb 12, 2018

ALBANY, New York, February 12, 2018 – An intelligence report on the global digital twin market has been added to the portfolio of MarketResearchReports.biz. titled, “Over the Top (OTT) Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” With the advancement in technology and easy access to sound Internet speed are among the key reasons, due to which the over-the-top services market is foreseen to grow significantly during the forecast period from 2017 to 2025. It refrains the users to subscribe or pay for satellite TV services or normal cable connections. However, the OTT services providers do not have any involvement in provisioning or planning of the services.

With the emergence of smartphones, coupled with easy availability and accessibility, and high speed Internet plans, the over-the-top services market is anticipated to flourish tremendously. Moreover, the compatibility of smart devices with over-the-top services have influenced the growth factor positively. Rise in the availability of broadband infrastructure, increased production of in-house web series, demand for time-shift television, increase in the demand infrastructure and compliance, and personalization of innovation are some of the other leading factors increasing the demand across the globe for over the top services market. However, owing to free streaming of videos online and no proper measures to identify or stop piracy are among the major reasons to hamper the market growth. Apart from that, low scope of customer retention and unwillingness of the users to pay for OTT services are other factors obstructing the demand for over-the-top services. Nevertheless, the vendors of this market are anticipating to get some good future scope due to rise in usage of RTB, emergence of video streaming gadgets, and raised use of different DRMs in web browsers.

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On the basis of business models, the global OTT services market is segmented into adware premium and subscriptions, and e-commerce. On the basis of application, the market is mainly categorized into e-services, communication, cloud services, and media content. The media content segment is further sub-segmented into web content, gaming, and audio/video. Based on end-use front, the global over-the-top services market is bifurcated into commercial and personal. Furthermore, the commercial segment is further categorized into media and entertainment, IT, healthcare, education, ecommerce, and others, which includes energy, manufacturing, and transportation.

Based on geography, the over-the-top market is divided Asia Pacific, North America, Europe, and Rest of the World. Based on countries, North America region is segmented into Canada, the U.S., and Rest of North America. The Asia Pacific region is divided into Japan, China, and Rest of Asia Pacific. Similarly, Europe region market is divided into France, Germany, the U.K., and Rest of Europe. Moreover, South America region is bifurcated into of Brazil and Rest of South America. Additionally, the Middle East and Africa is divided into South Africa, GCC countries, and Rest of the Middle East and Africa.

Twitter Inc., Facebook, Inc., LinkedIn Corporation, Google, Inc., Netflix, Inc., Skype (Microsoft Corporation), Apple, Inc., Amazon Inc., Rakuten, Inc., Dropbox, Inc., Evernote Corporation, Electronic Instruments Co., Ltd, and Hulu, LLC are among the major companies dominating the global over-the-top market. Several firms are also investing in the advancement of technology and research and development activities, such that the services are user-friendly and affordable of the consumers to retain them in a long run.

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