Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

Global OTT market to reach $65 Billion by 2023

With the rising number of internet users worldwide, the demand for OTT content has risen substantially in the past few years. According to the International Telecommunication Union (ITU), the number of internet users accounted for over 16% of the global population in 2005 and has risen to over 40%, as of 2014.

According to a new market research report published by Credence Research “Over-the-Top (OTT) Market (Content Type – Voice, Text & Image and Video) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”, the global over-the-top (OTT) market was valued at US$ 28.75 Bn in 2015 and is estimated to expand with a CAGR of 14.4% from 2016 to 2023.

To read more click 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