The global penetration rate in the 'OTT Video' segment of the media market was forecast to continuously increase between 2023 and 2028 by in total nine percentage points. After the sixth consecutive increasing year, the indicator is estimated to reach 54.7 percent and therefore a new peak in 2028.
Data provided by Statista Market Insights are estimates.
OTT Video refers to a digital media distribution model where users can access and watch video content at their convenience, usually through an online platform or service. With VoD, users have the flexibility to choose what content they want to watch, when they want to watch it, and how they want to consume it. This allows users to stream or download video content on demand, without the need for traditional broadcasting schedules or physical media. VoD platforms typically offer a wide range of content, including movies, TV shows, documentaries, and other video content, which can be accessed and viewed instantly or stored for later viewing. VoD has become increasingly popular in recent years, offering convenience, flexibility, and a personalized viewing experience for users.
The market consists of several markets, namely Video Streaming (SVoD), which is streaming on a subscription basis, Pay-per-View (TVoD), which is paying for digital video content and watch it online, Video Downloads (EST), which is the download of digital video content and OTT Video Advertising, which is the advertising in video streaming.
The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through purchases and subscriptions. Market numbers for OTT Video can also be found in the video-on-demand market. Key players in the market are companies, such as Netflix, Amazon or Disney+.
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Statista. (November 23, 2023). Penetration rate of the OTT video market worldwide from 2018 to 2028 [Graph]. In Statista. Retrieved December 03, 2023, from https://www.statista.com/forecasts/1207877/ott-video-penetration-rate-worldwide
Statista. "Penetration rate of the OTT video market worldwide from 2018 to 2028." Chart. November 23, 2023. Statista. Accessed December 03, 2023. https://www.statista.com/forecasts/1207877/ott-video-penetration-rate-worldwide
Statista. (2023). Penetration rate of the OTT video market worldwide from 2018 to 2028. Statista. Statista Inc.. Accessed: December 03, 2023. https://www.statista.com/forecasts/1207877/ott-video-penetration-rate-worldwide
Statista. "Penetration Rate of The Ott Video Market Worldwide from 2018 to 2028." Statista, Statista Inc., 23 Nov 2023, https://www.statista.com/forecasts/1207877/ott-video-penetration-rate-worldwide
Statista, Penetration rate of the OTT video market worldwide from 2018 to 2028 Statista, https://www.statista.com/forecasts/1207877/ott-video-penetration-rate-worldwide (last visited December 03, 2023)
Penetration rate of the OTT video market worldwide from 2018 to 2028 [Graph], Statista, November 23, 2023. [Online]. Available: https://www.statista.com/forecasts/1207877/ott-video-penetration-rate-worldwide