The Global Over The Top Devices And Services Market was valued at $70.9 Billion in 2020. Growing at a high CAGR of more than 10.7% between 2021 and 2031, it is estimated to reach $230.9 Billion by 2031. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. Increasing adoption of device-based computing and the growing penetration of broadband infrastructure have boosted the Over-The-Top Devices and Services market's adoption. Apart from that, growing demand from emerging economies and Increasing investments by vendors in technological advancements further boost the market growth. Now, moving forward, the robust demand for the Global Over The Top Devices And Services Market in the media and entertainment department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Over The Top Devices And Services Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Over the Top Devices and Services market is segmented as content, revenue source, deployment, and device type. Based on content, the global over-the-top devices and services market has been bifurcated VoIP, Text & Images, and Video. Based on the revenue source, the global over the top devices and services market is segmented as AVOD, SVOD, TVOD, and Others. Based on the platform over the top devices and services market is divided into Mobile Devices & Computers, Smart TVs & Set-top Box, and Gaming Console. Based on deployment, the global over-the-top devices and services market has been segmented as On-premise and Cloud. Based on the device type, the global over the top devices and services market has been bifurcated as Streaming Media Players, Streaming Box, Connected Gaming Console, OTT Set-top Box, and Streaming Sticks.
By Region, North America is Holding the Major Market Share
The Over The Top Devices And Services Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa. In addition to this, North America has a significant share among those regions. The regional market comprises developing nations whose development rate is faster than most of the developing countries in the world. The region is home to significant verticals capable of making required investments in advanced and reliable IT infrastructure for the growing data traffic. Moreover, due to higher disposable income levels and other potential factors are driving the market growth during the forecast period. Apart from that, the Asia Pacific and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Over The Top Devices And Services Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Facebook (US), Netflix (US), Amazon (US), Microsoft (US), Google (US), YouTube (US), Apple (US), Home Box Office (US), Roku (US), IndieFlix (US), Vudu (US), Hulu (US), Tencent (China), and Rakuten (Japan), among others.
The Global Over the Top Devices and Services Market Has Been Segmented into:
Global Over the Top Devices and Services Market: By Content
Global Over the Top Devices and Services Market: By Revenue Source
Global Over the Top Devices and Services Market: By Platform
Global Over the Top Devices and Services Market: By Deployment
Global Over the Top Devices and Services Market: By Device Type
Global Over the Top Devices and Services Market: By Region