Over-The-Top Market to Garner $1,039.03 Bn, Globally, by 2027 at 29.4% CAGR, Says Allied Market Research

Over-The-Top Market to Garner $1,039.03 Bn, Globally, by 2027 at 29.4% CAGR, Says Allied Market Research

PR Newswire

PORTLAND, Ore., Nov. 3, 2020

- Growing demand for OTT demand for developing regions, availability of variety of content, and rise of SVoD services in emerging countries have boosted the growth of the global over-the-top market

PORTLAND, Ore., Nov. 3, 2020 /PRNewswire/ --  Allied Market Research recently published a report, titled, "Over-the-top Market by Component (Solution and Services), Device Type (Smartphones; Smart TVs; Laptops, Desktops, and Tablets; Gaming Consoles; Set-top Box; and Others), Content Type (Video, Audio/VoIP, Games, Communication, and Others), Revenue Model (Subscription, Advertisement, Hybrid, and Others), User Type (Personal and Commercial), and End User (Media & Entertainment, Education & Training, Health & Fitness, IT & Telecom, E-commerce, BFSI, Government, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027". As per the report, the global over-the-top industry was pegged at $121.61 billion in 2019, and is projected to hit $1,039.03 billion by 2027, growing at a CAGR of 29.4% from 2020 to 2027.

Allied Market Research

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2230

Major determinants of the market

Growing demand for OTT from developing regions, availability of variety of content, and rise of SVoD services in emerging countries have boosted the growth of the global over-the-top market. However, lack of data network infrastructure and latency issues hamper the market growth. On the contrary, emergence of the new OTT platforms and new developments in OTT technology are expected to create lucrative opportunities for the market players in the future.

COVID-19 scenario:

Get detailed COVID-19 impact analysis on the Over-the-top Market

The solution segment dominated the market

By component, the solution segment held the largest share in 2019, accounting for nearly three-fifths of the global over-the-top market, owing to rise in demand for innovative over-the-top solutions for media sharing by consumers and the development of numerous technologies such as 5G technology, artificial intelligence, and cloud. However, the service segment is expected to portray the highest CAGR of 32.0% during the forecast period, due to increased adoption of services among end-users.

The IT & telecom segment to manifest the highest CAGR through 2027

By end user, the IT & telecom segment is projected to register the highest CAGR of 38.9% from 2020 to 2027, owing to growth of over-the-top services in telecommunication industries for video calling, voice, and messaging services. However, the media & entertainment segment dominated the global over-the-top market in 2019, contributing to more than one-fourth of the market, due to rise in numbers of digital-video consumers.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2230

North America held the lion's share

By region, the market across North America held the largest share in 2019, accounting for nearly half of the revenue, as the region is equipped with high broadband access. However, the global over-the-top market across Asia-Pacific is expected to register the highest CAGR of 37.9% during the forecast period, due to adoption of smartphones and other connected devices, increase in broadband speeds, and availability of 4G connectivity in the region.

Major market players

Similar Research Reports for Information, Communication and Technology:

Edge Analytics Market Predicted to Reach $10.03 Billion by 2023 | AMR

Keystroke Dynamics Market Predicted to Reach $754.86 Million by 2025

Beacons Management Software Market Expected to Reach $6,516 Million by 2024

Personal Cloud Market is Expected to Reach $161.39 Billion by 2027

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

Voltar noticias em Inglês