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According to a new market research report "Over-the-Top Services (OTT) Market by Type (Online Gaming, Music Streaming, VoD and Communication), Monetization Model (Subscription-based, Advertising-based, and Transaction-based), Streaming Device, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Over-the-Top Services Market expected to grow from $81.6 billion in 2019 to $156.9 billion by 2024, at a CAGR of 14.0% during 2019–2024.

Major growth factors for the ott service market include growth broadband and fixed data connection, and increase in usage of smart devices.Browse in-depth TOC on "Over-the-Top Services (OTT) Market” 121- Tables 35- Figures  139- PagesDownload PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41276741Smartphones and Tablets segment to hold the highest market share during the forecast periodThe inception of OTT video streaming platforms, such as Netflix, Hotstar and Amazon Prime, coupled with the growing internet penetration, is responsible for the rise of smartphone and tablet usage, leading to the growth of digital content consumption and has triggered the growth of digital video consumption.

OTT entertainment apps have become the most penetrated app category among smartphone users after social networking, chatting, and eCommerce apps.Subscription-based segment to hold the highest market share during the forecast periodThe subscription model owes its success to the optimal balance of value it provides to both the company and the customer.

A subscription provides businesses a direct line of revenue from the consumers without having to consult or sell to advertisers.

Subscription pricing strategies can be made according to functionality, discounted to motivate bulk purchases, metered according to usage levels, or optimized to reward loyalty.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=41276741North America to hold the largest market size during the forecast periodCountries that contribute the most to the OTT services market in North America include the US and Canada; the reason for the dominance of these countries is their well-established economies, which enable investments in new technologies.

North America being the most developed region, is home to large verticals that are capable of investing in reliable and advanced IT infrastructure for growing data traffic, thereby opening new opportunities for the adoption of OTT solutions.Key market players profiled in the OTT services market report are Facebook (US), Netflix (US), Amazon (US), Microsoft (US), Google (US), YouTube (US), Apple (US), Home Box Office (US), Roku (US), IndieFlix (US), Vudu (US), Hulu (US), Tencent (China), Rakuten (Japan), Kakao (South Korea), and Line (Japan).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

The Over-the-Top (OTT) Services Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.

This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the over-the-top (OTT) services market include Amazon Web Services (AWS), Netflix, Hulu, LLC, Google LLC, Apple Inc., Facebook, Telestra, Rakuten Inc., Microsoft Corporation, and Tencent Holdings Ltd.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Over-the-Top (OTT) Services Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/over-the-top-ott-services-market/download-sampleMarket DynamicsOver-the-top (OTT) services are reaching exponential levels of growth due to rising demand of high speed connectivity with good service delivery.

The implementation of AI in over the top services helps them to improve customer experience by analyzing their video preferences and making suggestions.

This will have a positive impact on the overall market growth.

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Over the Top (OTT) Services Market provide film and television content via a high speed internet connection instead of cable or satellite provider.

It helps in easy access to high fidelity data network and provide buffer free experience to the user.

User have to pay for these services, Amazon Prime videos, Netflix, iTunes are some example of these services.

According to Select USA, the U.S. media and entertainment industry is around USD 735 billion.

This includes television program & commercials, streaming content, motion pictures, music and audio recordings, broadcast and other .As per the Statista, in 2017, the telecommunication market was valued around USD 1.4 trillion and estimated to grow around USD 1.46 trillion by 2020.

Thus above factor shows that the entertainment and telecommunication industry is growing and will derive the demand of Over the Top (OTT) Services.The Global Over the Top (OTT) Services Market is expected to reach USD 132.4 million by 2025 from USD 37.21 million in 2017 and is projected to grow at a CAGR of 17.2% in the forecast period of 2018 to 2025.