Thursday, 17 December 2015

Over The Top (OTT) Market

Due to the advancement in internet technology, there is a significant growth in terms of the number of internet users these days. These users subscribe to the internet services and use them. As the internet service is a public service and can be used by anyone, Over The Top (OTT) market finds its scope. OTT service providers use this public internet to provide their services bypassing the ISPs and Telecom Operator. In other words, OTT services can be availed by all those customers who are having a working internet connection on their devices. 

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The content like text, image, audio, and multimedia are being widely transmitted using OTT services. The implementation of OTT services has given a better medium for connectivity among users.OTT service is available on various devices including smart phones, tablet, desktops, laptops, smart TV, and gaming consoles. These services are widely used by users and hence Over The Top market is expected to grow at a healthy rate in coming years.


Over The Top (OTT) Market
Over The Top (OTT) Market Size, 2014–2019 ($Billion)
Over the top (OTT) market is experiencing new innovations from major OTT players such as Akamai, Apple, Facebook, Google, Limelight, Microsoft, Netflix, Nimbuzz, Tencent Holding and Yahoo are among various others. The market for OTT is driven by forces such as increasing penetration of smart devices, and increasing growth of broadband connectivity. Also, OTT services are cheaper than the traditional services like SMS, or broadcast TV. Over the next five years, the market is expected to experience rapid adoption in the APAC, Europe and MEA regions

Major players in OTT market are Akamai, Apple, Facebook, Google, Limelight, Microsoft, Netflix, Nimbuzz, Tencent Holding and Yahoo. The report discusses the strategies and insights for the key vendors in the industry along with in-depth study of driving forces and challenges in OTT market. The report also analyses the global adoption trends and future growth potential across different geographical regions. MarketsandMarkets has segmented the Over The Top market by content, by access type, verticals, and regions.

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