Key Takeaways
- Global OTT video market revenue reached $129.7 billion in 2023 and is projected to hit $811.4 billion by 2033, growing at a CAGR of 20.25%.
- U.S. SVOD revenue hit $41.8 billion in 2023, up 7.8% from 2022.
- Worldwide video streaming market expected to grow from $674.25 billion in 2024 to $1,250.87 billion by 2029 at CAGR 13.15%.
- Netflix global paid subscribers reached 260.28 million as of Q3 2024.
- Disney+ had 153.8 million core subscribers worldwide in Q3 2024.
- Amazon Prime Video boasts 200 million Prime members globally, many using streaming.
- Americans watch 3.7 hours of streaming per day on average in 2024.
- Streaming accounted for 41.4% of total TV time in U.S. March 2024.
- YouTube daily watch time: over 1 billion hours globally in 2024.
- Global SVOD revenue reached $50.7 billion in Q1 2024.
- Netflix Q3 2024 revenue: $9.83 billion, up 15% YoY.
- Disney streaming revenue: $6.3 billion in fiscal Q3 2024.
- Netflix holds 7.6% global market share in streaming in 2024.
- Amazon Prime Video leads U.S. with 22% share of viewing time in 2024.
- YouTube tops U.S. TV viewing with 9.9% share in July 2024.
Streaming TV revenue is exploding worldwide due to massive subscriber growth.
Competitive Landscape & Trends
- Netflix holds 7.6% global market share in streaming in 2024.
- Amazon Prime Video leads U.S. with 22% share of viewing time in 2024.
- YouTube tops U.S. TV viewing with 9.9% share in July 2024.
- Disney+ and Hulu bundle captures 15% U.S. SVOD market.
- Max gains 2% market share post-HBO Max rebrand in 2024.
- Peacock's NFL streaming boosts it to top 10 U.S. platforms.
- Global Netflix market share: 21% of SVOD revenue in 2023.
- Tubi leads U.S. FAST with 87 million MAUs in 2024.
- Paramount+ market share doubles to 4% in U.S. 2023-2024.
- Apple TV+ niche share: 2.5% in premium originals market.
- Regional players like iQIYI dominate China with 50% share.
- Pluto TV expands to 50 million MAUs globally in 2024.
- Bundle adoption: 40% of U.S. households use 3+ services.
- Ad-supported tiers now 30% of new SVOD subs in 2024.
- Live streaming platforms like Kick challenge Twitch's 70% share.
- Netflix password sharing crackdown adds 13 million subs.
- Sports streaming wars: ESPN/Disney 36% U.S. sports rights share.
- Global mergers: Warner-Discovery holds 10% SVOD share post-merger.
- India: JioCinema surges with IPL cricket to top charts.
- U.S. Black Friday 2023: Disney+ most signed up service.
Competitive Landscape & Trends Interpretation
Content Consumption
- Americans watch 3.7 hours of streaming per day on average in 2024.
- Streaming accounted for 41.4% of total TV time in U.S. March 2024.
- YouTube daily watch time: over 1 billion hours globally in 2024.
- Netflix originals viewed 142 million hours on premiere day for top shows in 2023.
- U.S. viewers binge 82% of Netflix series episodes.
- TikTok average daily usage: 95 minutes per user in 2024.
- Live sports streaming views up 75% YoY on Peacock in 2024.
- Global hours of content watched on Twitch: 36.3 billion in 2023.
- U.S. FAST viewing time: 1.6 hours per week per viewer in 2023.
- Netflix's Wednesday series: 1.72 billion hours viewed in first 28 days.
- Average session length on Disney+: 58 minutes in 2023.
- YouTube Shorts daily views: 70 billion in 2024.
- U.K. iPlayer requests: 5.7 billion in 2023/24.
- Mobile streaming accounts for 40% of total video consumption globally.
- U.S. Gen Z streaming time: 2.5 hours/day on non-linear video.
- Anime streaming hours on Crunchyroll: 2.6 billion in 2023.
- Netflix global content hours: 142,000 hours viewed per day average.
- Prime Video U.S. viewing: 2.3 billion hours for top titles in 2023.
Content Consumption Interpretation
Market Size & Growth
- Global OTT video market revenue reached $129.7 billion in 2023 and is projected to hit $811.4 billion by 2033, growing at a CAGR of 20.25%.
- U.S. SVOD revenue hit $41.8 billion in 2023, up 7.8% from 2022.
- Worldwide video streaming market expected to grow from $674.25 billion in 2024 to $1,250.87 billion by 2029 at CAGR 13.15%.
- Asia-Pacific video streaming market size was $50.2 billion in 2023, projected to reach $143.8 billion by 2030 at CAGR 16.3%.
- Global SVOD subscribers reached 1.35 billion in 2023.
- U.S. streaming market share of TV consumption rose to 38.7% in Q4 2023.
- European streaming market revenue forecasted at €45.5 billion by 2028.
- Latin America OTT market to grow from $7.5 billion in 2023 to $18.2 billion by 2028 at CAGR 19.4%.
- Global live streaming market valued at $70.32 billion in 2022, expected to reach $184.32 billion by 2027.
- India video streaming market size was INR 1,02,657.8 million in 2023, projected to reach INR 3,49,556.9 million by 2030 at CAGR 19.1%.
- U.S. pay TV households declined to 70.8 million in 2023 from 76.4 million in 2021.
- Global AVOD market revenue to reach $115 billion by 2027.
- China's online video market revenue hit RMB 460.4 billion in 2022.
- FAST channel market globally expected to grow to $16.5 billion by 2027.
- U.K. SVOD market revenue reached £3.2 billion in 2023.
- Global esports streaming market to grow from $1.38 billion in 2021 to $5.17 billion by 2029.
- Brazil OTT market valued at $2.9 billion in 2023, projected to $6.8 billion by 2028.
- Australia streaming market revenue at AUD 3.5 billion in 2023.
- Global IPTV subscribers to reach 209.5 million by 2027.
- South Korea video streaming market size $4.2 billion in 2023.
Market Size & Growth Interpretation
Revenue Streams
- Global SVOD revenue reached $50.7 billion in Q1 2024.
- Netflix Q3 2024 revenue: $9.83 billion, up 15% YoY.
- Disney streaming revenue: $6.3 billion in fiscal Q3 2024.
- Warner Bros. Discovery streaming revenue up 8% to $2.7 billion in Q3 2024.
- Paramount Global streaming revenue: $1.6 billion in Q3 2024.
- Comcast Peacock revenue: $1.3 billion in 2023 full year.
- Global AVOD revenue forecasted at $37 billion in 2024.
- U.S. SVOD ARPU average: $8.45 in 2023.
- Ads on streaming platforms generated $18 billion in U.S. 2023.
- Netflix ad revenue expected to hit $1 billion in 2024.
- Disney bundle subs contribute 20% to streaming revenue growth.
- Global FAST revenue: $5.9 billion in 2023.
- YouTube ad revenue: $31.5 billion in 2023.
- Prime Video ad revenue launch projected $1.5-3 billion annually.
- U.S. CTV ad spend: $30 billion in 2024 forecast.
- Hulu ad revenue: $4.2 billion in 2023.
- Global pay-per-view revenue from streaming events: $2.1 billion in 2023.
- Netflix merchandise revenue: $500 million in 2023.
- U.S. streaming transactions (TVOD) revenue: $5.4 billion in 2023.
- Roku platform revenue: $3.6 billion in 2023.
Revenue Streams Interpretation
Subscriber Metrics
- Netflix global paid subscribers reached 260.28 million as of Q3 2024.
- Disney+ had 153.8 million core subscribers worldwide in Q3 2024.
- Amazon Prime Video boasts 200 million Prime members globally, many using streaming.
- Hulu reached 53.1 million paid subscribers in Q3 2024.
- Max (Warner Bros. Discovery) had 110.5 million global subscribers in Q3 2024.
- Paramount+ grew to 71 million subscribers worldwide in Q3 2024.
- Peacock hit 36 million paid subscribers in Q3 2024.
- Apple TV+ has approximately 25 million subscribers as of 2023 estimates.
- YouTube Premium and Music had 100 million subscribers in 2024.
- Spotify video podcast listeners reached 250 million monthly in 2023.
- U.S. Netflix households: 84.6 million in 2023.
- Global SVOD penetration rate hit 34% of households in 2023.
- India Netflix subscribers: 15 million in 2024.
- Disney+ India subscribers: 10.3 million in 2023.
- Prime Video India: 20 million paid users in 2023.
- U.K. Netflix subs: 17.2 million in 2023.
- Brazil Netflix: 20.1 million subs in 2023.
- Average U.S. streaming subs per household: 5.1 in Q1 2024.
- Churn rate for U.S. SVOD services averaged 7.5% in 2023.
- Global ad-supported SVOD subs reached 340 million in 2023.
- U.S. average streaming services per user: 4.6 in 2023.
- Netflix ad-tier subs: 70 million globally by mid-2024.
- Disney+ ad-tier launch added 2 million U.S. subs in first year.
- U.S. Netflix ARPU: $11.59 in Q3 2024.
- Global average SVOD subs per paying household: 2.1 in 2023.
Subscriber Metrics Interpretation
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