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

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
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

Vision Sensor Market to Demonstrate a CAGR of 12.7% during 2020–2030

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vision-sensor-market/report-sample With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent and automatic products. For example, vision sensors are employed in the inspection of manufactured products in the food & beverage, electronics, and automobile industries.  Therefore, the surging demand for industrial automation will create several...
Post a Comment
Read more