A new Report by Delvens, titled "Over the Top (OTT) Platforms Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Over the Top (OTT) Platforms Market size is projected to reach a CAGR of 12.5% and Forecast to 2030.
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Regional Analysis of Over the Top (OTT) Platforms Market:
North America dominated the overall OTT market share during the forecast period, as the region is equipped with high broadband access as well as number of services, which have already moved on to providing several videos in HD and 4K.
Key Players of Over the Top (OTT) Platforms Market:
· Netflix, Inc.
· Roku, Inc.
· Amazon.com Inc.
· The Walt Disney Company
· Google LLC (YouTube)
· Rakuten, Inc.
· Telstra Corporation Limited
· Hulu, LLC
· Tencent Holdings Ltd. and More
Rise in demand for OTT services in developing regions, increase in SVoD services, availability of variety of content, surge in demand for live streaming channels, rise in demand for OTT services & gaming during the lockdown period implemented due to the COVID-19 outbreak, and availability of freemium models in price-sensitive markets are some of the factors that have supported long-term expansion for Over The Top (OTT) Platforms Market.
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Recent Developments
September 2020 - Google announced that they are working on YouTube Shorts, which is a new way to watch and create on YouTube. Shorts is a new short-form video experience for creators and artists who want to shoot short, catchy videos using nothing but their mobile phones.
October 2020 - Netflix Inc. partnered with Microsoft to help coders in their learning journey of Data Science and AI. Microsoft launched the Global Skills Initiative, aimed at helping 25 million people worldwide acquire new digital skills. It has launched new modules that are inspired by the new Netflix original, “Over the Moon. “It will take the user through beginners’ concepts in data science, machine learning, and artificial intelligence.
Over the Top (OTT) Platforms Market is segmented into type of service and region.
On the basis of Type of Service
· SVOD
· TVOD
· AVOD
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Over the Top (OTT) Platforms Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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