Global OTT TV and Video Forecasts 2018
Global online TV episode and movie revenues will reach $129 billion in 2023; more than double the $53 billion recorded in 2017. About $16 billion will be added in 2018 alone.
From the 138 countries covered in the Global OTT TV & Video Forecasts report, the top five will command 69% of the global revenues by 2023. This proportion is down from 73% in 2017; revealing that the rest of the world will grow at a faster rate. OTT revenues will exceed $1 billion in 17 countries by 2023; up from 10 countries in 2017.
Simon Murray, Principal Analyst at Digital TV Research, said: “No prizes for guessing that the US will remain the dominant territory by some distance. However, its share of global revenues will fall from 43% in 2017 to 37% by 2023. We forecast that revenues in the US will more than double between 2017 and 2023 – adding nearly $25 billion to reach $48 billion.”
China will also add a staggering sum over the same period - $17 billion to nearly triple its revenues to $26 billion. China’s share of the world’s total will climb from 16% in 2017 to 20% in 2023.
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