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OTT revenues to grow by $89bn

May 23, 2022 09.55 Europe/London By Chris Dziadul

Global revenues from OTT TV episode and movies are forecast to reach $224 billion in 2027.

This, according to the latest report from Digital TV Research, will be up from $135 billion in 2021, with about $21 billion being added in this year alone.

SVOD revenues will climb by $48 billion between 2021 and 2027 to total $136 billion, while AVOD revenues will increase by $37 billion between 2021 and 2027 to reach $70 billion.

From the 138 countries covered, the top five will account for 65% of global OTT revenues by 2027. OTT revenues will exceed $1 billion in 25 countries by 2027, up from 17 countries in 2021.

Commenting on the findings of the report, Simon Murray, principal analyst at Digital TV Research, said: “The US will command 45% of global revenues by 2027. We forecast that US revenues will climb by $45 billion between 2021 and 2027 to reach $106 billion”.

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Filed Under: Newsline, On Demand/VOD, OTT, Platforms, Research Edited: 23 May 2022 09:55

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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