Over the Top Services Market growth continued in 2023 with direct premium up 50%
The Over the Top Services Market is expected to grow at a CAGR of 2023-2030. Global Data expects enterprises to become the key market for Over the Top Services Market over the next three years, outpacing the consumer segment. Over the Top Services Market is already in use across retail, defense, airlines, oil and gas, and healthcare, primarily for training. The COVID-19 pandemic triggered a shift to remote working that has boosted the adoption of Over the Top Services Market by enterprises for training, collaboration, data visualization, and customer experience. The Top Services Market will be a key technology in the future of work, and the development of enterprise-grade metaverse platforms will further enhance its appeal.
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https://www.fortunebusinessinsights.com/industry-reports/over-the-top-services-market-100506
LIST OF KEY COMPANIES PROFILED:
- com, Inc. (Washington, United States)
- Netflix, Inc. (California, United States)
- Hulu, LLC (California, United States)
- Google LLC (California, United States)
- Apple, Inc. (California, United States)
- Facebook, Inc. (California, United States)
- Telstra Corporation Ltd. (Melbourne, Australia)
- Rakuten, Inc. (Tokyo, Japan)
- Roku, Inc. (California, United States)
- Kakao Corp. (Jeju-si, South Korea)
- Vimeo Live (New York, United States)
- The Walt Disney Company (California, United States)
- Sling TV (Colorado, United States)
- AT&T TV (WarnerMedia HBO) (California, United States)
Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Over the Top Services Market Growth
The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Over the Top Services Market within the estimated period. Over the Top Services Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Over the Top Services Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.
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