Global OTT TV and video revenues for 100 countries will reach $64.78 billion in 2021, according to Digital TV Research. That’s an incredible increase from $4.47 billion in 2010 and $29.41 billion in 2015, according to the research firm.
From the $35.37 billion extra revenues between 2015 and 2021, Asia Pacific will contribute $12.65 billion, Western Europe $8.25 billion and North America $9 billion, the research indicates. The “Global OTT TV & Video Forecasts” report estimates that Latin American revenues for video streaming platforms will nearly triple, with even greater growth expected in Eastern Europe and the Middle East and Africa.
The forecast from the company has the U.S. remaining the dominant territory for online TV and video revenues – rising by $8.24 billion to $22.82 billion between 2015 and 2021.
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