Over-the-Top Devices And Services Market Growing At A USD 165.13 Billion By 2025Posted by Neha Bora on March 19th, 2020 The Report Over-the-Top (OTT) Devices And Services Market Analysis By Content (VoIP, Text & Images, Video), By Revenue Source (AVOD, SVOD, TVOD), By Device (Mobile Devices & Computers, Gaming Console, Smart TVs & STB), By Deployment, And Segment Forecasts, 2018 – 2025 The global over-the-top (OTT) devices and services market is expected to reach USD 165.13 billion by 2025, according to a new report by Grand View Research, Inc. The rising penetration of mobile devices, such as tablets and smartphones, and advancements in consumer electronics devices such as smart TVs, are estimated to drive the demand for OTT content and services amongst the masses over the forecast period. There has been a rapid surge in the demand for OTT videos, particularly in developing economies. TV digitization initiatives by various regional governments and broadcasters across the world have enabled OTT content to emerge as the popular platform for video consumption. Businesses across various sectors are increasingly seeking contemporary technological models to provide personalized experiences to their customers, such as TV access on smartphones, connected devices, and tablets. Content providers and broadcast service providers are leveraging the benefits of OTT technology to enhance customer engagement by gaining in-depth insights about their customer base. Moreover, the rising demand for Video On Demand (VOD), Voice over Internet Protocol (VoIP), Subscription Video on Demand (SVOD), instant messaging services, and internet TV are expected to propel the industry growth over the forecast period. OTT service providers are increasingly focusing their efforts toward the development of various innovative features, such as Google Translate, which translates voice mail services into text, to provide convenience and enhance customer value. Further key findings from the report suggest:
Access Research Report of Over-the-Top Devices And Services Market @ https://www.grandviewresearch.com/industry-analysis/over-the-top-ott-devices-services-market Like it? Share it!More by this author |