Solutions Empowering Over The Top Revolution
In today's digital world, online is the way to go on and about everything. Given the prowess of digital technology today the world never had as many options as it today on their fingertips, they just need to scroll over their screens. And, it's hugely due to OTT platform solutions companies, with mobile being the unanimous choice of users. In India the OTT market has been growing at a steady pace over the years, especially from COVID times until April 2022, there has been a 15 percent growth. In 2020, itself the OTT market was estimated to be worth $1.7 billion, and today the market has 457 million UVs with a penetration of 94.1 percent.
The speedy adoption and evolution of internet infrastructure has immensely contributed to the humongoustraction of OTT in India. According to a report published by Media Partners Asia (MPA), the Indian OTT streaming video market is currently in its second growth phase with total revenues of $3 billion in 2022. By far, OTT has captured 7-9 percent of the entertainment industry's share and revenue. With over 40-odd players offering original content in all languages, the industry is expanding at a rapid pace incessantly. There are currently over 45 million OTT subscribers in India. This figure is expected to reach 50 million by the end of 2023.The Indian OTT market is set to become a 12,000-crore industry by 2023 at a CAGR of 36 percent from 2,590 crore in 2018. Not only video but other digital contents have also a great share in the acknowledgeable growth of OTT market today. There are many promising OTT Solution provider companies making it big in the industry today developing worthy and catchy contents.
Understanding the ample opportunities in this sector this issue of Siliconindia magazine brings you a list of `10 Most Promising OTT Solution Providers - 2022' which were selected by comprehensive examination by industry CEOs, VCs, CXOs and Siliconindia editorial board. We truly expect these institutions to meet your needs and we assure you that the list is prepared as we recognize the valuable contributions of the industries in the ever expanding and competitive market.
The speedy adoption and evolution of internet infrastructure has immensely contributed to the humongoustraction of OTT in India. According to a report published by Media Partners Asia (MPA), the Indian OTT streaming video market is currently in its second growth phase with total revenues of $3 billion in 2022. By far, OTT has captured 7-9 percent of the entertainment industry's share and revenue. With over 40-odd players offering original content in all languages, the industry is expanding at a rapid pace incessantly. There are currently over 45 million OTT subscribers in India. This figure is expected to reach 50 million by the end of 2023.The Indian OTT market is set to become a 12,000-crore industry by 2023 at a CAGR of 36 percent from 2,590 crore in 2018. Not only video but other digital contents have also a great share in the acknowledgeable growth of OTT market today. There are many promising OTT Solution provider companies making it big in the industry today developing worthy and catchy contents.
Understanding the ample opportunities in this sector this issue of Siliconindia magazine brings you a list of `10 Most Promising OTT Solution Providers - 2022' which were selected by comprehensive examination by industry CEOs, VCs, CXOs and Siliconindia editorial board. We truly expect these institutions to meet your needs and we assure you that the list is prepared as we recognize the valuable contributions of the industries in the ever expanding and competitive market.
