Skip to main content

How Is Expanding 5G Network Fueling OTT Service Demand?

All these services are offered via the subscription-based, transaction-based, and advertising-based models. In the coming years, the transaction-based model will be adopted at the highest rate as it enables service providers to generate revenue by selling the license of a software product to a single or multiple users. 

Moreover, the increasing customer preference for purchasing whole content, such as full-license videogames with all the features, will fuel the shift toward transaction-based OTT platforms. Leading OTT service providers, such as Kakao Corp., The Walt Disney Company, Telstra Corporation Ltd., Roku Inc., Apple Inc., Netflix Inc., Facebook Inc., Amazon.com Inc., Rakuten Inc., and Google LLC (YouTube), are launching new platforms and services to reach out to a greater number of customers. 


For example, in February 2021, Hulu introduced a free no-ad program with a 30-day trial period, to provide uninterrupted entertainment to users. After the completion of the trial period, users will have to pay a monthly charge of $11.99. Globally, North America led the OTT services market in the recent past due to the deep penetration of tablets, smartphones, TVs, and the internet in the region. 

According to the World Bank, around 89% of the U.S. populace and 97% of the Canadian populace was an internet user in 2019. Moreover, the accelerating digitalization rate in North American countries owing to continuous technological advancements is adding to the popularity of OTT platforms here. Therefore, the surging use of smart devices and expanding 5G network infrastructure will fuel the adoption of OTT platforms in the upcoming years.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

Increasing Adoption of AR/VR Solutions To Drive Extended Reality (XR) Market

Growth factors such as the increasing adoption of augmented reality (AR)/virtual reality (VR) solutions, surging penetration of smartphones and connected devices, and rising number of partnerships and collaborations among players are expected to drive the growth of the extended reality (XR) market at a CAGR of 48.3% during the forecast period (2020–2030). With this growth rate, the market size is projected to reach $1,005.9 billion by 2030 from $18.6 billion in 2019. The increasing penetration of AR/VR solutions among people and industries is a key factor that will improve the extended reality market growth scenario in the coming years. To gain knowledge and for entertainment purposes, people are increasingly adopting head-mounted displays (HMDs), which is why market players are offering these solutions to provide an engaging and interactive customer experience. AR and VR add to or completely replace the visual reality for people, thus transporting them to a completely different world...
Post a Comment
Read more