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COVID 19- Update: Global OTT Services Market is Projected to Reach US$ 67.76 Bn by 2023 and is Expected Grow at a CAGR of 14.55% Over the Forecast Period (2019 - 2027), Says Absolute Markets InsightsGlobal OTT Services Market Expected to Rise Owing To The Increasing Demand For Online Streaming Platforms Across the Globe PUNE, India, April 20, 2020 /PRNewswire/ -- The evolution of the internet and the proliferation of smart devices has created a digital revolution that has paved way for a number of business. The global economy owes a significant part of the revenue to various digital solutions. The combination of these has helped in the inexpressible growth of the media and entertainment industry. People are increasingly switching from traditional cable/dish TV setup and moving towards subscription based video and audio streaming. The OTT services are being increasingly adopted across growing economies such as India and China. The COVID-19 pandemic is forcing people to stay indoors to promote social distancing. As a result of this, individuals are resorting to online streaming services to satiate their entertainment needs. For instance, the OTT traffic showed an increase of 198% in April 2020 as a result of the government mandates that promote home isolation. Popular OTT providers such as Amazon, YouTube and Netflix reduced their streaming quality in Europe to prevent servers from crashing and to manage the surge in internet traffic. With the tremendous improvement in internet bandwidth, premium video content such as films and series can now be accessed through a smart device or a PC. These factors are facilitating the global OTT services market to be one of the most promising for investment in the coming years.  Request for Sample Copy of This Report @ https://www.absolutemarketsinsights.com/request_sample.php?id=544 Traditional cable TV providers are migrating towards OTT services to meet the ever-growing public demand. BBC, for instance, is partnering with ITV to increase the market competition in Europe. The British television giant has earmarked significant funds to launch their "BritBox" service in the UK, which will compete with the likes of giants such as Netflix using a competitive pricing strategy. A 2018 study suggests that around 85% of the millennials have at least one OTT video subscription in the U.S. Netfilx and Amazon has managed to penetrate into the South Asian markets, which has a rising number of young adults. The OTT services market in the APAC region is seeing a number of new entrants such as iflix, which in turn is making the market highly competitive. Enquiry Before Buying @ https://www.absolutemarketsinsighs.com/enquiry_before_buying.php?id=544 The detailed research study provides qualitative and quantitative analysis of OTT services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Key Findings of the Report:
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Get Full Information of this premium report @ https://www.absolutemarketsinsights.com/reports/OTT-Services-Market-2019-2027-544 About Us: Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios. Contact Us: Logo: https://mma.prnewswire.com/media/831667/Absolute_Market_Insights_Logo.jpg 
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