Vindicia, an Amdocs company (NASDAQ: DOX) and a provider of business-to-consumer subscription management solutions, has released a new research report that explores the prospects and development of premium OTT services across four regions: Western Europe, USA, Latin America and Asia Pacific, the company said.
The research, conducted by MTM on behalf of Vindicia, found that premium OTT subscription revenue will continue to rise quickly across all regions and that growth will be fueled by local, live and linear content, as well as by easier payment solutions.
The report titled: “The Prospects for Premium OTT”, reveals that premium OTT in Western Europe will grow strongly in the next three years, as connected consumers embrace not only services from global OTT players, but also new subscription services from local and regional broadcasters, and direct-to-consumer services from content brands.
The UK will remain the largest market for premium OTT in Western Europe, with revenues forecast to rise from USUSD 1.18 billion in 2017 to USUSD 1.63 billion by 2020.
MTM is an international research and strategy consulting firm, specializing in media, technology and advertising. MTM helps clients around the world understand and respond to digitally driven change, providing award-winning consumer research, industry analysis, strategic advice, and support for new ventures, business development, and organizational change and transformation. For more information, visit www.mtmlondon.com.
Vindicia, an Amdocs company, offers comprehensive subscription management solutions that help businesses acquire and retain more customers. Providing much more than just a billing and payments system, the company´s SaaS-based subscription management platform combines big data analysis, strategic consulting and proprietary retention technology. To learn more visit www.vindicia.com.
Amdocs is a software and services provider to communications and media companies of all sizes, accelerating the industry´s dynamic and continuous digital transformation. With a rich set of innovative solutions, long-term business relationships with 350 communications and media providers, and technology and distribution ties to 600 content creators, Amdocs delivers business improvements to drive growth. For more information, visit Amdocs at www.amdocs.com