Global Movies And TV Shows OTT Market Size By Revenue Model (Subscription, Advertisement), By Devices (Smartphone, Tablet, Consoles, Exclusive TV Box), By Geographic Scope And Forecast

Movies And TV Shows OTT Market Size And Forecast

Movies And Tv Shows Ott Market size was valued at USD 156.43 Billion in 2024 and is projected to reach USD 481.87 Billion by 2031, growing at a CAGR of 15.10% during the forecasted period 2024 to 2031.

With the growing popularity of on-demand streaming services, consumers are increasingly shifting towards OTT platforms for movies and TV shows, driven by the convenience of accessing content anytime, anywhere, and on multiple devices. The widespread availability of high-speed internet and the proliferation of smartphones and smart devices have enabled easy access to OTT platforms, allowing consumers to stream movies and TV shows on the go. OTT platforms are investing in creating a vast library of movies and TV shows, including exclusive original content, to attract and retain subscribers, offering a diverse range of content choices and driving the market growth.

Global Movies And TV Shows OTT Market Definition

The Global Movies And TV Shows OTT Market refers to the market for streaming services that provide on-demand movies and TV shows to consumers over the Internet, without the need for traditional cable or satellite TV subscriptions. OTT platforms offer a wide range of movies and TV shows that can be accessed on various devices, such as smartphones, tablets, smart TVs, gaming consoles, and computers.

These platforms may offer subscription-based models, transactional models, or a combination of both, allowing consumers to access content anytime, anywhere, and on multiple devices, offering convenience and flexibility in their entertainment choices. The Global Movies And TV Shows OTT Market includes various players, both global and regional, offering diverse content choices and competing for subscriber acquisition and retention in the rapidly evolving digital entertainment landscape.

Global Movies And TV Shows OTT Market Overview

The growing preference of consumers for on-demand streaming services, driven by the convenience of accessing movies and TV shows anytime, anywhere, and on multiple devices, is a significant driver of the Global Movies And TV Shows OTT Market. The increasing availability of high-speed internet and the proliferation of smartphones and other smart devices have made it easier for consumers to access OTT platforms, driving the demand for streaming content globally. OTT platforms are investing in creating vast content libraries and producing exclusive original content to attract and retain subscribers, offering a diverse range of content choices and driving the market growth.

Many OTT platforms offer affordable subscription plans and flexible pricing options, allowing consumers to choose from a variety of plans based on their preferences and budget, making it an attractive option for cost-conscious consumers. The increasing trend of consumers cutting the cord or shaving the cord from traditional cable and satellite TV subscriptions and opting for OTT platforms for their movies and TV shows needs is driving the demand for OTT services globally.

The prevalence of content piracy and copyright issues remains a significant challenge for the Global Movies And TV Shows OTT Market, leading to revenue loss for content creators and service providers. The increasing number of OTT platforms and the intensifying competition for subscribers can lead to market saturation, making it challenging for new entrants to gain market share and maintain profitability. Content licensing restrictions and regional limitations can limit the availability of certain movies and TV shows on OTT platforms, affecting the content offerings and subscriber base in specific regions.

There is significant potential for OTT platforms to expand their services into emerging markets with growing internet penetration and increasing demand for digital entertainment. OTT platforms can capitalize on the growing demand for exclusive and original content by investing in content production to differentiate themselves from competitors and attract and retain subscribers. Advancements in technologies such as 5G, improved video codecs, and enhanced streaming capabilities can offer new opportunities for OTT platforms to provide higher quality and seamless streaming experiences to consumers.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Movies And TV Shows OTT Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Movies And TV Shows OTT Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Movies And TV Shows OTT Market Segmentation Analysis

The Global Movies And TV Shows OTT Market is segmented on the basis of Revenue Model, Devices, and Geography.

Movies And TV Shows OTT Market, By Revenue Model

• Subscription
• Advertisement
• Others

Based on Revenue Model, the market is segmented into Subscription, Advertisement, and Others. Subscription-based revenue model involves users paying a periodic fee to access the content on OTT platforms. This model allows OTT service providers to generate recurring revenue, build customer loyalty, and offer exclusive content to subscribers. Advertisement-based revenue model involves displaying ads within the content or during breaks in content playback. OTT platforms can generate revenue by selling ad space to advertisers and brands, targeting users based on their viewing preferences and behavior.

There are various other revenue models in the Movies And TV Shows OTT Market, such as transactional video-on-demand (TVOD) where users pay for individual content or pay-per-view (PPV) where users pay for specific events or shows. Additionally, some OTT platforms may offer premium content, merchandise sales, or partnerships with content creators or production studios to generate revenue.

Movies And TV Shows OTT Market, By Devices

• Smartphone, Tablet, Consoles
• Exclusive TV Box
• Others

Based on Devices, the market is segmented into Smartphone, Tablet, Consoles, Exclusive TV Box, and Others. Smartphones and tablets are popular devices for accessing OTT content, allowing users to watch movies and TV shows on-the-go. Gaming consoles, such as Xbox and PlayStation, also serve as devices for accessing OTT content, offering a seamless entertainment experience on the big screen. Exclusive TV boxes, such as Amazon Fire TV, Apple TV, Roku, and Google Chromecast, are dedicated devices that connect to the TV and enable users to stream OTT content directly on their television screens.

These devices provide a user-friendly interface, remote control, and access to multiple OTT platforms. There are other devices that can be used to access OTT content, such as smart TVs, set-top boxes, media players, and streaming sticks. These devices provide a wide range of options for users to access and consume OTT content based on their preferences and viewing habits.

Movies And TV Shows OTT Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Regional Analysis, the Global Movies And TV Shows OTT Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The movies And TV Shows OTT Market is a global phenomenon, with its presence across various regions and geographies. The market’s growth and adoption are influenced by factors such as increasing internet penetration, rising consumer demand for on-demand content, and changing viewer preferences.

These regions are witnessing significant growth in OTT adoption, driven by factors such as the availability of high-speed internet, increasing smartphone penetration, and changing content consumption habits. Each region has its own unique market dynamics, including local content preferences, regulatory frameworks, and competitive landscape.

Key Players

The “Global Movies And TV Shows OTT Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Netflix, Xumo, Tencent Holding, Hulu, Disney plus, HBO, Amazon Prime Video, Discovery, Apple Inc., and Rakuten Inc.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. Key development strategies, market share analysis, and market positioning analysis of the aforementioned players globally are also included in the competitive landscape section.

Key Developments

• In March 2022, Amazon merges with MGM and launches Prime Video which offers studio movies and TV shows.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

Research Methodology of Market Research