Start Your VOD Streaming Services in 2023 - Reviewed
But are OTT video services a profitable business model? To find out, just look at the average time spent per person per day in the US subscribing to OTT platforms.
The metric increased by 50% from 2019 to 2020. The average time spent on OTT platforms has increased from 44 minutes in 2018 to 67 minutes in 2023.
Consider the size of the global OTT market. It reached USD 171.36 billion in 2020 and is expected to exceed USD 1 trillion in 2027 at a CAGR of 29.4%.
Are you looking to enter the video streaming business by starting an OTT Platform?