A recent report on the over-the-top services market by Fortune Business Insights says 57% of people around the worldwide are smartphone users in the year 2017 and this is anticipated to rise robustly in the coming years. The increasing production of in-house web series is boosting the global over-the-top services market, says Fortune Business Insights in their new report. The report is titled, “Over-The-Top (OTT) Services“ Market Size, Share and Global Trend by Business Model (Premium and Subscriptions, Adware, E-commerce), By Application (Communication, Cloud Services, E-Services, Web Content), By End-Use (Personal, Commercial), and Geography Forecast till 2027.”
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Key Market Driver –
- An increasing number of smart connected devices and growing popularity of online platforms.
- Adoption of the Internet of Things (IoT) analytics and OTT content.
Key Market Restraint –
- Low scope of customer retention, the reluctance of customers to make purchases, lack of procedure to curb or identify piracy.
Some of the companies operating in the global over-the-top services market are
- Evernote Corporation
- Apple FaceTime
- Yahoo Inc.
- LinkedIn Corporation
- Google Inc.
- Google Hangouts
- Netflix Inc.
- Facebook Inc.
- Rakuten Inc.
- Twitter Inc.
- Tencent QQ
- Amazon Inc.
- Fishtank OTT
- Apple Inc.
- WhatsApp LLC.
- Dropbox Inc.
- Microsoft Corporation
For more information in the analysis of this report https://www.fortunebusinessinsights.com/industry-reports/over-the-top-services-market-100506
Key Segmental Overview:
1. By Business Model
- Premium and Subscriptions
2. By Application
- Cloud Services
- Web Content
3. By End Use
- IT & Telecom
- Media and Entertainment
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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Major Table of Content For Over The Top Services Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Over The Top Services Market Analysis, Insights and Forecast, 2027
- North America Over The Top Services Market Analysis, Insights and Forecast, 2027
- Europe Over The Top Services Market Analysis, Insights and Forecast, 2027
- Asia Pacific Over The Top Services Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Over The Top Services Market Analysis, Insights and Forecast, 2027
- Latin America Over The Top Services Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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