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European OTT Video Revenue will Double by 2021, even as Converged Video Services Become a Reality - Intense competition set to disrupt the market, finds Frost & Sullivan’s Digital Transformation team - Frost.com
European OTT Video Revenue will Double by 2021, even as Converged Video Services Become a Reality

 

NewswireToday - /newswire/ - London, United Kingdom, 2017/11/13 - Intense competition set to disrupt the market, finds Frost & Sullivan’s Digital Transformation team - Frost.com.

   
 
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The media industry in Europe is undergoing rapid transformation with increasing popularity of over-the-top (OTT) video services. Increasingly ubiquitous connectivity, progressive consumers, and regulatory initiatives around a ‘Digital Single Market (DSM)’ have intensified the competition among several international companies, local start-ups, pay TV operators and broadcasters who offer OTT video services. As the market moves towards maturity, keeping viewers engaged through personalised content delivery and targeted advertisements will be the key to minimising churn, while pricing and technological innovation will play a key role in defining the market over the next five years.

Frost & Sullivan’s research, European Over-the-Top (OTT) Video Services Market, Forecast to 2021 provides insight into the social, technological, content, advertising, and viewership trends shaping the European OTT video services market. Drivers, restraints, investment areas, and key OTT companies are discussed, with forecasts up to 2021 for Subscription-video-on-demand (SVOD), Advertising-video-on-demand (AVOD) revenue and viewers across Europe, with country-specific forecasts for the United Kingdom, France, Germany, the Netherlands, and Spain.

To access more information on this analysis, please click here.

“Despite having an early mover advantage, multi-country service providers such as Netflix, Amazon and Sky battle for viewership with regional service providers such as Maxdome in Germany, CanalPlay in France, Ziggo in the Netherlands, and new entrants such as Knippr, Molotov. The 450+ service provider ecosystem in the continent is expected to consolidate as price wars and content wars intensify, eventually forcing smaller participants to exit or be acquired by the bigger ones.” said Digital Transformation Research Analyst Swetha Ramachandran Krishnamoorthi.

“Parts of the European market are approaching maturity in terms of OTT content viewership - OTT video is increasingly watched not just on handheld devices but also on connected television. Such mainstream adoption presents challenges of a different sort - content providers need to constantly innovate on user interface and content exclusivity to compete with service providers across all media,” adds Senior Research Director, Vidya S Nath.

Regional trends shaping the European OTT video services market include:

• OTT video adoption is already high in Western European countries such as the UK, France and the Netherlands. Expected CAGR in these markets will be around 15% in viewership base. Newer market entrants are targeting a smaller percentage of population with niche offerings. In contrast, markets including Germany, Poland, Italy and the Nordic countries are at an early growth phase, as evident from the increasing number of new service launches and partnerships in the region, boosting the CAGR forecast to above 20%.

“While competition escalates, opportunities abound for stakeholders ready to invest OTT services while leveraging the excellent infrastructure the region has,” observed Ms Swetha R K.

European Over-the-Top (OTT) Video Services Market, Forecast to 2021, forms part of Frost & Sullivan’s Digital Media Growth Partnership Service program.

About Frost & Sullivan

Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

European Over-the-Top (OTT) Video Services Market, Forecast to 2021 / MD39-70

 
 
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European OTT Video Revenue will Double by 2021, even as Converged Video Services Become a Reality

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