Technologyis rapidly changing. So, is the entertainment industry. Now, OTT serviceproviders are becoming the major suppliers of entertainment shows. This hasbecome a global phenomena. The new upgraded technologies are making OTTservices accessible to everyone.

OTTservice providers offer entertainment shows and programs for people of allages. Moreover, the digital transformation is fueling the growth of OTT serviceproviders’ industry. These services are considered to be better than thetraditional TV shows.

Thesuccess of the OTT industry can be clearly seen from the growing number ofparticipants. New mergers and acquisitions are being done. Not only this,independent OTT service providers are also coming up with good quality engagingcontent.

TheOTT market is making new records due to its service providers that aredelivering good quality content. These are the times of customer-centricservices. The businesses that offer consumer-friendly entertainment are gainingtheir position in the global OTT service providers’ market.

OTThas helped customers to access everything they want. The latest OTT serviceproviders offer the best content that is just a click away. From smartphoneapps to websites, these OTT service providers have started offering differentforms of entertaining media in a single space.

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Moreover,the growing shift towards new OTT entertainment content has risen tremendously,As the growing OTT service providers are offering some of their content forfree, they are gradually snatching the market share of the traditionalentertainment platforms. With new content being pushed on a regular basis ontheir platform, OTT service providers have become one of the prominent choicesamong viewers.

Thiswill definitely cement market growth of the global OTT service providers’market. According to OTT Service Providers’ Market Report, it was valued at USD 122.27 billion in 2018. Verified MarketResearch analysts projected its market cap to reach USD 382.15 billion by 2026. Market indicators showthat the OTT industry is growing at a CAGR of 16.56 % from 2019 to 2026.

Top OTT service providersofferings latest content
Amazon

Amazon offers a widevariety of content to its globally viewing customers. From web-based business,cloud administrations to OTT, Amazon has come a long way since inception.Amazon has the greatest portfolio that readily connects various fragments ofpurchasers’ lives. Its ‘Amazon Prime’ named platform has helped Amazon inachieving the top spot in the OTT service providers’ segment. It offers contentin different languages, making it a world favorite.

Apple

Apple is thetechnology pioneer that is famous for its understanding of buyers’ demands. It truly understands the needs, wants and desires of its customerbase. Thus, it has become one of the prominent names in the world. Fromsmartphones to OTT services, Apple conveys best quality content. Not only this,it also offers ‘child lock’ facilities in which certain types of content can beseparated according to the age of watchers. It offers complete experience toits customers. Thus, it has become one of the most dependable OTT serviceproviders.

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Hulu

Hulu is the superiorweb-based entertainment service that offers content in real-time. Its flagshipcontent is loved by people that prefer OTT service providers over traditional media. Its on-demand TV serials and films, with and without plugs, both in and outsidethe home are loved by the audience. It began its operations in 2008. Sincethen, Hulu has come a long way ahead with a viewer base of 25 million in theU.S. market itself. It offers a library of hit TV shows and motion pictures soevery viewer can make the most of their time.

Netflix

Netflix changed the globalcontent industry. It presented numerous industry-first ways with the goal thatwatchers can appreciate all their top shows subsequent to paying a membershipcharge. It was one of the first OTT service providers that startedsubscription-based content delivery services. This client-driven companypermits clients to see the content on gadgets of their choice.

Facebook

Everyoneknows about Facebook and everyone is onFB. It has the largest user base among the social networking platforms. Peopleof all age groups use this platform on a daily basis. From posts to videos,everything can be viewed on the world’s largest social media platform. Itstarted its journey as a platform for connecting people around the world. Now,it has become one of the biggest distributors of all forms of content.

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