Video Streaming is said to lead the African OTT growth. Many Video Producers and Content Owners are expanding into the region looking at it’s high potential and growing market. In fact, African Film Industry – Nollywood is said to be the 2nd largest Film producing industry worldwide.
With the user penetration of 5.4 % recorded in 2017 and expected to grow at 8.0 % by 2021, the revenues from VOD services are expected to double in Africa from US$260 million to US$452 million at a CAGR of 14.8 % over the said period.
Read our blog: A look into Africa’s OTT Market – Today & Tomorrow
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