The over-the-top content (OTT) streaming industry is among the few industries benefitting from the COVID-19 pandemic. As movie theaters stopped selling tickets and popcorns to moviegoers, OTT players like Apple TV, iTunes, and Netflix provide the alternative for entertainment from homes. Ireland based market research company Research and Market expect the global OTT streaming market to grow from $104.11 billion in 2019 to $161.37 billion in 2020, a growth of 55.0%, mainly a result of the lockdown due to the COVID-19 outbreak. The market is then expected to stabilize and show a compound annual growth rate (CAGR) of 14.0% from 2021.
This story is from the August 2020 edition of Forbes Indonesia.
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This story is from the August 2020 edition of Forbes Indonesia.
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