Over-the-top (OTT) TV and video revenue is expected to reach 215 billion U.S. dollars by 2029, more than double the figure reported in 2019. The market has experienced massive growth over the past years.
Over-the-top providers
The term ‘over-the-top' is used to describe internet-based services that allow users to stream media content over the internet without the need for cable or satellite subscriptions. In the United States alone the penetration rate of OTT amounted to over 80 percent in 2022, with many of the most popular services in the market being video-on-demand platforms like Netflix, Hulu, Amazon Prime, and Disney+. Netflix has more than 240 million paying subscribers worldwide making it the biggest OTT video provider in the world.
OTT - a lucrative market for advertisers
U.S.-based CTV users spent in total over nine million hours with OTT services as of February 2022, and as they begin to replace traditional media such as television, the platform has become beneficial for both consumers and advertisers. Not only are OTT users more receptive to advertisement than TV viewers, but the platforms themselves allow advertisers to better target their ads to specific demographics or types of consumers that are more likely to be interested in their products or services.
Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029
(in billion U.S. dollars)
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Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029
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Digital TV Research. (October 19, 2023). Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/260179/over-the-top-revenue-worldwide/
Digital TV Research. "Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029 (in billion U.S. dollars)." Chart. October 19, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/260179/over-the-top-revenue-worldwide/
Digital TV Research. (2023). Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/260179/over-the-top-revenue-worldwide/
Digital TV Research. "Over-the-top (Ott) Tv and Video Revenue Worldwide from 2010 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Oct 2023, https://www.statista.com/statistics/260179/over-the-top-revenue-worldwide/
Digital TV Research, Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/260179/over-the-top-revenue-worldwide/ (last visited December 30, 2024)
Over-the-top (OTT) TV and video revenue worldwide from 2010 to 2029 (in billion U.S. dollars) [Graph], Digital TV Research, October 19, 2023. [Online]. Available: https://www.statista.com/statistics/260179/over-the-top-revenue-worldwide/
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