The global over-the-top video market is poised for nearly exponential growth, says a report by London-based Digital TV Research Limited. It forecasts that global OTT TV and video streaming platforms will climb to $64.8 billion by 2021. That figure includes projected revenues for 100 countries. The industry took in $29.4 billion in 2015 and $4.5 billion in 2010.
The greatest share of that total video on demand revenue will come from the United States, where revenues will rise from $8.2 billion in 2015 to $22.8 billion in 2021. China will come on strong, quintupling its current revenues to reach $6.2 billion by 2021.
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