Over-The-Top Devices and Services Market Growth Set to Surge Significantly during 2018 – 2026

According to the new market research "Over-The-Top Devices and Services Market, [By Content (VOIP, Video, Text and Image); By Devices (Mobile Devices, Laptops and Desktops, Set Top Box, Gaming Consoles); By Services (Consulting, Managed Services, Installation and Maintenance, Training and Support); By Revenue Model (SVOD, TVOD, AVOD, Others); By Deployment Model (On-Premise, Cloud-Based); By End-User (BFSI, Healthcare, Media and Entertainment, IT and Telecom, Retail, Others); By Region]: Market Size & Forecast, 2018 – 2026", The Over-The-Top Devices and Services market is expected to reach USD 202 billion by 2026 from USD 46.4 billion in 2017, at a CAGR of 17.8%.

OTT services deliver content and services to customers through the network infrastructure owned by internet service providers. OTT content delivery enables users to download an app for the preferred network for free while paying only for the internet access. OTT providers such as Netflix, Hulu, and Amazon Video also offer internet-capable computing devices to access and display internet content on a TV screen.

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Top Key Player:-

Microsoft Corporation

Yahoo Inc.

Amazon.com

Google Inc.

Netflix Inc.

Roku, Inc.

Hulu

Apple, Inc.

Akamai Technologies

Facebook, Inc.

Limelight Networks, Inc.

Tencent Holdings Ltd.

The North America Over-The-Top Devices and Services market generated the highest revenue in 2017 owing to significant growth in the media and entertainment industry in the region. With high disposable income in the region, consumers are investing significant amount in media services, boosting the sale of Over-The-Top Devices and Services. Wide availability of broadband services, and introduction of affordable Over-The-Top Devices and Services equipped with advanced technologies have resulted in increasing adoption of Over-The-Top Devices and Services in the region.

The demand for Over-The-Top Devices and Services market has increased significantly over the years owing to growing consumption of online content, and increasing demand for device-based computing. The availability of OTT devices and services at affordable prices has boosted the adoption. The increasing disposable income, and improving living standards, especially in emerging economies of Asia-Pacific has accelerated the adoption of Over-The-Top Devices and Services. The high availability of broadband services along with technological advancements is expected to drive the Over-The-Top Devices and Services market growth during the forecast period.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Over-The-Top Devices and Services Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Competitive Landscape

The global Over-The-Top Devices and Services market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.