Published January 29th, 2019
A new OTT report from Parks Associates predicts OTT services will accelerate their global expansion over the next five years, with more than 310 million connected households having
at least one OTT service by 2024. OTT Video Services: Disruptive Globalization estimates approximately 200 million households had at least one OTT service at home at the end of 2018.
“The U.S. leads in adoption of subscription OTT services, but other regions are experiencing significant growth as new services expand across borders,” said Brett Sappington, Senior Research Director, Parks Associates. “Content producers and OTT service providers want to capture audiences, and revenues, worldwide. As a result, Western Europe and other global markets will experience more rapid subscriber growth than North America over the next few years.”
“The US leads in adoption of subscription OTT services, but other regions are experiencing significant growth as new services expand across borders,” said Brett Sappington, senior research director, Parks Associates . “Content producers and OTT service providers want to capture audiences, and revenues, worldwide. As a result, Western Europe and other global markets will experience more rapid subscriber growth than North America over the next few years.”
The report also found that device preferences vary significantly from country to country. While US households prefer smart TVs or streaming-media devices, Canadians more often use game consoles than the Americans, and in Asia, smartphones and mobile-only devices are most prevalent.
“Ultimately, the success or failure of a service relies on the quality of its content library, but small variations in pricing and user experience can cause significant adoption differences across countries,” Sappington said.
“For example, HBO has tested its OTT service with pricing tailored to specific regions, with variances from Spain to the Nordic countries to the US. This level of experimentation will continue in the near term as service providers and content creators continue to test and tweak to find
the right formula for pricing, content and service quality for each region.”
Additional research from the report includes:
* Roku is the streaming media device supporting the most OTT services (66% of all available)
in the U.S.
* Nearly two-thirds of OTT services available in the U.S. are available
in at least one additional market.
* Bollywood’s T-Series YouTube channel has 74 million subscribers.
* 70% of broadband households in the U.S., 64% in Canada,
and 52% in the U.K. have at least one OTT service.
Apr 18, 2017
Join us as we discuss OTT products and the business opportunities with our customer Sinclair Broadcasting Group and partner, Verizon Digital Media Services in a panel at NAB.
The way consumers enjoy media is constantly evolving, creating opportunities and challenges for both new entrants and established players. In 2017, the rate of change only seems to be accelerating and morphing to match modern tastes. To succeed, TV networks and broadcasters are re-imagining their businesses to meet viewers' modern expectations.
This panel will provide attendees with actionable insights into delivering end-to-end OTT products and the business opportunities it offers with key insight and learnings from the largest and most diversified television broadcasting companies in America, Sinclair Broadcast Group, Inc., and the steps to driving revenue and engage consumers on multiple platforms.
During this panel, several key questions will be explored, including:
- What are the main technical and operational challenges for going OTT?
- Capitalizing on technology, business models and devices for scalability and OTT Success
- How hard is it to integrate broadcast and OTT workflows?
- How to successfully deliver OTT products across multiple brands
- Multiplatform viewing: mobile, connected device, and smart TV
Ben Miller, VP digital products at Sinclair Broadcasting Group
Joseph Hopkins, CRO at Verizon Digital Media Services
Martijn Van Horssen, CEO at 24i Media
Moderator: Glenn Hower, Senior Analyst, Parks Associate
When & Where
Wednesday April 26th 2:30PM - 3:00 PM | CM|IP Pavilion in South Upper Hall
Add it to your NAB calendar
Mar 27, 2017
Apr 13, 2016