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Key regions: United Kingdom, Germany, Asia, South Korea, Japan
The OTT Video market in Southeast Asia has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.
Customer preferences in Southeast Asia have shifted towards consuming video content online. The convenience and flexibility of OTT platforms have attracted a large number of users who are looking for on-demand access to a wide range of content. Additionally, the affordability of OTT subscriptions compared to traditional cable or satellite TV packages has made it an attractive option for cost-conscious consumers.
Trends in the market indicate that Southeast Asia is becoming a hotbed for OTT Video services. Several major global players have entered the market, offering a diverse selection of content to cater to the region's diverse population. Local players have also emerged, providing content that is tailored to the preferences and interests of Southeast Asian audiences.
This competition has led to an increase in the quality and variety of content available on OTT platforms. Local special circumstances in Southeast Asia have also contributed to the growth of the OTT Video market. The region has a large and young population, with a high smartphone penetration rate.
This has created a conducive environment for the adoption of OTT services, as consumers can easily access and consume video content on their mobile devices. Furthermore, Southeast Asia is home to a diverse range of languages and cultures, and OTT platforms have capitalized on this by offering localized content in multiple languages. Underlying macroeconomic factors have also played a role in the development of the OTT Video market in Southeast Asia.
The region has experienced rapid economic growth in recent years, leading to an increase in disposable income and a growing middle class. This has resulted in higher consumer spending on entertainment and media, including OTT Video services. Additionally, improvements in internet infrastructure and connectivity have made it easier for consumers to access and stream video content online.
In conclusion, the OTT Video market in Southeast Asia is thriving due to customer preferences for online video consumption, trends in the market, local special circumstances, and underlying macroeconomic factors. As the region continues to grow and evolve, the OTT Video market is expected to expand further, offering consumers a wider range of content and services.
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 segment. This spending factors in discounts, margins, and taxes.Modeling approach / Segment size:
The segment 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 segment 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 segment. 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)