OTT is said to lead the Latin America growth. Many Video Producers and Content Owners are expanding into the region looking at it’s high potential and growing market. In fact, Brazil and Mexico are Number 4 and Number 5 on the global list.
The revenues from entire LATAM OTT services are expected to grow double from US $425 million in 2016 to US $859 million in 2021. According to Statista reports, the video on demand market revenues in Brazil is expected to grow from US $204 million in 2016 to US $411 million by 2021 at a CAGR of 15 %.
Read our blog: A Peek into Latin America’s Video Streaming market.
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