OTT Streaming Market to Reach $169.4 Billion by 2023: How to Capitalize

Written by hughes-systique | Published 2020/12/09
Tech Story Tags: ott-platforms | ott-streaming | ott-monetization | ott-app-development | build-ott-platform | streaming-video-on-demand | video-streaming-platform | streaming-media

TLDR Global OTT streaming market expected to grow at 55% from $104.11 billion in 2019 to $161.37 billion in 2020. The market is expected to stabilize and is estimated to reach $169.4 billion in 2023 growing at a CAGR of 14.0% from 2021. The rise in subscriber base due to COVID is not an advantage that will last for long. The answer lies in adopting technology that can help provide a great customer experience. 5G technologies that usher in profound bandwidth & low latency will lead the race to provide immersive media experiences.via the TL;DR App
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Written by hughes-systique | We believe in the transformative powers of digital technologies. Our articles represent our beliefs.
Published by HackerNoon on 2020/12/09
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