OTT Devices and Services

OTT Devices and Services

Global OTT Devices and Services Market to Reach $186.4 Billion by 2027

Amid the COVID-19 crisis, the global market for OTT Devices and Services estimated at US$57.5 Billion in the year 2020, is projected to reach a revised size of US$186.4 Billion by 2027, growing at a CAGR of 18.3% over the analysis period 2020-2027. VoIP, one of the segments analyzed in the report, is projected to record a 13.7% CAGR and reach US$26 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Text & Images segment is readjusted to a revised 16.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $17 Billion, While China is Forecast to Grow at 17.8% CAGR

The OTT Devices and Services market in the U.S. is estimated at US$17 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.7 Billion by the year 2027 trailing a CAGR of 17.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Video Segment to Record 20.5% CAGR

In the global Video segment, USA, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$23.8 Billion in the year 2020 will reach a projected size of US$86.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$23.1 Billion by the year 2027.

Select Competitors (Total 41 Featured) -

• Akamai Technologies, Inc.
• Amazon.com, Inc.
• Apple, Inc.
• Brightcove, Inc.
• Google, Inc.
• Hulu LLC
• Limelight Networks, Inc.
• Microsoft Corporation
• Netflix, Inc.
• Roku, Inc.
• Tencent Holdings Ltd.

Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.