OTT TV and video revenues in Western Europe will reach $13.72 billion in 2020; up from the $894 million recorded in 2010 and the $6.34 billion expected in 2015, according to a new report from Digital TV Research.
From the $9.00 billion in revenues to be added between 2014 and 2020, the UK will contribute $2.15 billion, Germany $1.60 billion, France $1.19 billion and Italy $1.12 billion.
The Western Europe OTT TV & Video Forecasts report maintains that the UK will remain the market leader.
SVOD will become the region’s largest OTT revenue source in 2016. SVOD revenues will total $6,485 million by 2020 (47% of total OTT revenues) – up from only $106 million in 2010 (12% of total OTT revenues).
“We forecast 55.66 million SVOD homes by 2020, up from 1.66 million in 2010 and an expected 15.29 million by end-2015,” comments Simon Murray, Principal Analyst at Digital TV Research. “Germany will overtake the UK to become the largest country by SVOD homes in 2020.”