Definition:
OTT Video refers to a digital media distribution model where users can access and watch video content at their convenience, usually through an online platform or service. With VoD, users have the flexibility to choose what content they want to watch, when they want to watch it, and how they want to consume it. This allows users to stream or download video content on demand, without the need for traditional broadcasting schedules or physical media. VoD platforms typically offer a wide range of content, including movies, TV shows, documentaries, and other video content, which can be accessed and viewed instantly or stored for later viewing. VoD has become increasingly popular in recent years, offering convenience, flexibility, and a personalized viewing experience for users.Structure:
The market consists of several markets, namely Video Streaming (SVoD), which is streaming on a subscription basis, Pay-per-View (TVoD), which is paying for digital video content and watch it online, Video Downloads (EST), which is the download of digital video content and OTT Video Advertising, which is the advertising in video streaming.Additional Information:
The market comprises revenues, users, average revenue per user, and penetration rates. Revenues are generated through purchases and subscriptions. Market numbers for OTT Video can also be found in the video-on-demand market. Key players in the market are companies, such as Netflix, Amazon or Disney+.Notes: Data was converted from local currencies using average exchange rates of the respective year.
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Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year. FAST refers to the Free ad-supported streaming TV market. AVoD refers to the Advertising Video-on-Demand market.
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Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
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Most recent update:
Source: Statista Market Insights
The OTT Video market in Norway is witnessing considerable growth, propelled by the rising demand for flexible viewing options, increased internet penetration, and a shift towards personalized content consumption among audiences seeking diverse entertainment solutions.
Customer preferences: Consumers in Norway are increasingly gravitating towards on-demand content, favoring platforms that offer a wide range of genres and localized programming. This trend is fueled by a younger demographic that values convenience and personalized viewing experiences. Additionally, the rise of binge-watching culture has led to a preference for subscription services that provide entire seasons of shows at once. Social media influences also play a significant role, as audiences seek content that resonates with their cultural values and interests, driving engagement and community-focused viewing.
Trends in the market: In Norway, the OTT video market is experiencing a significant shift as consumers increasingly prefer subscription-based platforms that provide on-demand content tailored to local tastes. This trend is driven by a younger audience that values flexibility and a diverse array of genres, promoting binge-watching habits. The integration of social media influences further amplifies viewer engagement, encouraging communal viewing experiences centered around shared interests. Industry stakeholders must adapt to these evolving preferences, focusing on localized content and innovative marketing strategies to capture and retain this dynamic audience.
Local special circumstances: In Norway, the OTT video market is shaped by its unique geographical and cultural landscape, where a small population is spread across vast distances. This creates a demand for localized content that resonates with regional identities and languages, fostering a strong preference for homegrown productions. Additionally, Norway's stringent regulations on media ownership and content distribution promote competition among providers, ensuring a diverse range of offerings. Coupled with high internet penetration and a tech-savvy population, these factors significantly influence viewer habits, pushing platforms to innovate and cater to local tastes effectively.
Underlying macroeconomic factors: The OTT video market in Norway is significantly influenced by macroeconomic factors such as national economic stability, consumer spending power, and digital infrastructure investments. Norway's robust economy, characterized by high GDP per capita and low unemployment rates, enhances disposable income, enabling greater expenditure on entertainment services. Additionally, ongoing investments in broadband connectivity and digital technologies facilitate seamless streaming experiences, catering to the demands of a tech-savvy populace. Furthermore, favorable fiscal policies and competitive market dynamics encourage innovation among OTT providers, driving the creation of diverse, localized content that meets the unique preferences of Norwegian viewers.
Most recent update:
Source: Statista Market Insights
Most recent update:
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update:
Source: Statista Consumer Insights Global
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Data coverage:
The data encompasses B2C enterprises. Figures are based on Traditional TV & Home Video and OTT (over-the-top) Services. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.Modeling approach / market size:
The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
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