Over the top (OTT) services market will continue to increase in the forecast years 2018-2025 and how it will be actively supported by the OTT industry.
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To better grasp the aims and missions of the key players and brands in the Over the top (OTT) services market, we have covered the company profiles. The report also includes SWOT analysis for the Over the top (OTT) services market, which clarifies the drivers and constraints on the market.
Key Players Operating In the Market Are Amazon Inc., Apple, Inc., Rakuten, Inc., Evernote Corporation, Dropbox, Inc., Hulu, LLC, Skype, Google, Inc., Netflix, Inc., LinkedIn Corp., Twitter Inc., Facebook, Inc., Yahoo Inc., Nimbuzz, Microsoft Corporation, Limelight Networks, Inc., Akamai Technologies, IBM Corporation, Roku Inc., Brightcove Inc., Kaltura Inc., ActiveVideo, HBO NOW and many more.
Based on content type, the market is segmented into voice over IP, text and image and video.
Based on platform, the market is segmented into smart devices, laptops, desktops and tablets, set top box, gaming consoles.
Based on deployment mode, the market is segmented into cloud and on-premises.
Based on service type, the market is segmented into consulting, installation and maintenance, training and support and managed services.
Based on user type, the market is segmented into small office home office, small and medium enterprises (SME) and large enterprises.
Based on revenue model, the market is segmented into subscription, rental, procurement and advertisement.
Based on vertical, the market is segmented into media and entertainment (filmed entertainment, global digital marketing) healthcare, IT and telecommunication, retail, education, government, others.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
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The Global Over the Top (OTT) Services Market is expected to reach USD 132.4 million by 2025 from USD 37.21 million in 2017 and is projected to grow at a CAGR of 17.2% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Drivers and Restraints:
Raise in wide availability of broadband infrastructure
Growing personalization of technology
Increase in requirement for compliance and verification
Lack of awareness about the benefits of OTT
As per the Statista, in 2017, the telecommunication market was valued around USD 1.4 trillion and estimated to grow around USD 1.46 trillion by 2020. Thus above factor shows that the entertainment and telecommunication industry is growing and will derive the demand of Over the Top (OTT) Services.
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