Global OTT revenues to grow a further 33% by 2029

OTT revenues to add $53 billion

Global OTT TV episode and movies revenues will reach $215 billion in 2029; up by $53 billion – or 33% – from $162 billion in 2023.

The US will remain the dominant territory by some distance. Its share of global revenues will be 38% by 2029; down from 46% in 2023. We forecast that US revenues will climb by $8 billion between 2023 and 2029 to reach $82 billion.

SVOD will remain the principal OTT revenue source, growing by $19 billion between 2023 and 2029 to $127 billion. AVOD revenues will grow faster than SVOD.

Simon Murray, Principal Analyst at Digital TV Research, said: “AVOD revenues for TV series and movies will reach $69 billion by 2029, up by $30 billion from $39 billion in 2023. These figures are lower than our previous edition due to the global advertising slowdown and slower than expected rollouts of hybrid AVOD-SVOD platforms by the US major platforms.”