OTT Video to Be $83 Billion Business by 2022, Digital TV Research Says
Revenue from over-the-top TV and movies is expected to hit $83 billion by 2022, more than double the $37 billion in 2016, Digital TV Research said Monday. It said OTT revenue is expected to rise $9 billion this year. It…
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said the U.S. is expected to be the dominant market for online video revenue, but its share will slip from 51 percent in 2016 to 40 percent by 2022. It said by 2022, OTT revenue will top $1 billion in 14 nations, up from seven nations this year. The researcher said subscription VOD has been the largest OTT revenue source since 2013, and it will account for half of OTT revenue by 2022.