Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

Global Online TV, Video Revenue Forecast to Hit $51.1B by 2020

 

Worldwide OTT platforms and video revenue will reach $51.1 billion in 2020, nearly doubling the $26.0 billion expected in 2015, according to a new forecast.

‎Research firm Digital TV Research cited the global expansion of Netflix as a key driver behind accelerated momentum and highlighted that the revenue growth would be “a massive increase” from the $4.2 billion recorded in 2010. The firm tracks‎ 64 countries.

According to its Global OTT TV & Video Forecasts report, the U.S. will remain the dominant market with OTT TV and video revenue rising by $16.6 billion between 2010 and 2020 to nearly $19.1 billion.

China will see growth from just $40 million in 2010 to $2.815 billion in 2020, elevating it to the fourth-largest OTT market by then, according to the research firm.

Read the entire story here.

Tags

Latest Tweets

Join Us On Facebook

Subscribe to our Newsletter


We use cookies for best experience on website. By using our site you agree to

Cookies Policy