Written by: Roshan Dwivedi
Media delivery services revenue for over-the-top (OTT) video on demand services reached $51.38 billion in 2014, research from Visiongain has revealed. The firm points out that in less than five years, the global OTT media delivery market has dramatically changed the way in which the global population communicates and consumes media; creating a disruptive effect in the operations of all telecommunication providers and the global media industry.
Visiongain expects the factors behind the growth in both revenues and subscribers for this global market to spread to the rest of the global population, motivating a strong growth in the OTT media delivery services in the next five years.
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