India OTT Media Services Market By Type (SVOD, AVOD, TVOD), By Video Quality (HD, Full HD, and Ultra HD), By Number of Screens (1, 2-3, more than 3), By Region, By Company, Forecast and Opportunities, 2018-2028

  • Industry : Media
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD1.41 Billion

CAGR (2023-2028)

16.21%

Fastest Growing Segment

SVOD

Largest Market

North India


India OTT media services market is anticipated to be driven by high-speed mobile internet at reasonable costs, the doubling of internet users, growing use of digital payments, and discounts have all worked together to accelerate the expansion of the OTT market throughout the forecast period.

The popularity of smart devices such as smartphones and smart televisions has raised demand for the OTT sector in India. Likewise, in 2022, according to the Ministry of Information and Broadcasting., India has approximately 1.2 billion mobile phone users and 600 million smart phone users. The trend of consumers upgrading their TVs to access OTT (over-the-top) content on a larger screen, has had a significant impact on the country's demand for OTT media services.

When it comes to paying for entertainment, India is a complex business. Owing to the availability of smart devices and reasonably priced mobile data plans, the consumption of digital content is rising quickly. The way Indians consume content has clearly changed, since the switch from Doordarshan to Direct-to-Home (D2H) to OTT services. An over-the-top (OTT) viewer in India spends roughly 70 minutes per day on video streaming platforms, with a consumption frequency of 12.5 times per week, according to an Eros Now study in 2022.

Increasing Usage of Subscription Video-on-Demand Owing to Smart TV Penetration Boosts Market Growth

The main reason for the rise in popularity of subscription streaming platforms such as Netflix, Amazon Prime Video, and Disney+ is that users have instant access to original and high-quality content. Similarly, In India, consumers of OTT video platform users make up 55% of the population in the top 5 metro areas, while Tier 1 cities make up another 36%. According to the study, in terms of the proportion of respondents who subscribe to each platform, Hotstar leads the Indian market for on-demand video content, followed by SonyLIV, Netflix, Amazon's Prime Video, Voot, Zee5, ALTBalaji, and ErosNow. Users of ErosNow were the most active, with 68% of its users reporting daily content viewing. Through collaborations, the OTT platform keeps thriving. It collaborated with Xiaomi in India to pre-install on smart TVs.

Rising Regional Content Drives the Market Growth

Indian OTT consumers are very interested in regional content. As rich content in regional languages and micro-genres specific to certain cultures are anticipated to be the main drivers of OTT subscriber development in the Indian market. More than 40% of the material watched on sites such as Disney+ Hotstar is in Indian languages, mirroring Star's strong position in regional TV. For instance, on Amazon Prime Video, nearly 50% of viewers of regional language movies come from outside their home nations (the language of the film). Indian-focused Hindi originals from Amazon, including Mirzapur, Bandish Bandits, Family Man, and Panchayat, and among others have also been quite popular. As a result of rise in regional content, there will be an increase in demand for OTT media services during the forecasted period.

While Indian OTT providers such as ZEE5 and ALTBalaji have always placed a significant focus on regional and hindi content, whereas MX Player (owned by Times Internet) offers international content that has been dubbed into more than 10 Indian languages under the "MX VDesi" brand.

Low Pricing and Multiple Services Boost the Market Growth

The rapid adoption of international streaming services in India and the sector's expansion throughout the industry are both directly related to their pricing. Additionally, it has benefited from India-specific pricing points provided by international competitors such as Netflix, Prime Video, and Disney+, who sell plans in India at prices between 70-90% less expensive than those in the US. Along with offering affordable options, the major international streaming providers are also pairing their services with telecom plans, releasing mobile-friendly packages, and offering incentives such as longer free trials. In addition to value-for-money plans, Indian OTT consumers look for features such as content download and offline watching, multi-device support, concurrent video streams, extended trial deals, and among other things has led to increase in the market demand during the forecast period.


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Market Segmentation

The India OTT Media Services Market is segmented based on type, video quality, number of screens, region, and company. Based on type, the market is further segmented into SVOD, AVOD, and TVOD. Based on video quality, the India OTT media services market is segmented into HD, Full HD and Ultra HD. Based on number of screens, the market is further segmented into 1, 2-3, and more than 3.   

Company Profiles

Netflix Entertainment Services India LLP, Zee Entertainment Enterprises Limited, Sony Pictures Networks India Pvt. Ltd., Amazon.com, Inc, Novi Digital Entertainment Private Limited (Disney + Hotstar), Viacom18 Media Private Limited (Voot), ALT Digital Media Entertainment Limited (ALTBalaji), Hungama Digital Media Entertainment Pvt Ltd., MX Media & Entertainment Pte. Ltd., Apple, Inc., etc. are among the top players operating in the India OTT Media Services Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Video Quality

Number of Screens

Region

Company

Regional Scope

North, South, West and East

Key Companies Profiled

Netflix Entertainment Services India LLP, Zee Entertainment Enterprises Limited, Sony Pictures Networks India Pvt. Ltd., Amazon.com, Inc, Novi Digital Entertainment Private Limited (Disney + Hotstar), Viacom18 Media Private Limited (Voot), Sun TV Network Limited (Sun NXT), ALT Digital Media Entertainment Limited, Hungama Digital Media Entertainment Pvt Ltd., MX Media & Entertainment Pte. Ltd., Apple, Inc.,

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India OTT media services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India OTT Media Services Market, By Type:

o   AVOD

o   SVOD

o   TVOD

·         India OTT Media Services Market, By Video Quality:

o   HD

o   Full HD

o   Ultra HD

·         India OTT Media Services Market, By Number of Screens

o   1

o   2-3

o   More Than 3

·         India OTT Media Services Market, By Region:

o   North

o   South

o   West

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India OTT media services market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision for Subscription

4.3.  Brand Satisfaction

4.4.  Challenges Faced Post Purchase of Subscription

5.    India OTT Media Service Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value         

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (AVOD, SVOD, TVOD)

5.2.2.    By Video Quality Market Share Analysis (HD, Full HD, Ultra HD)

5.2.3.    By Number of Screens Market Share Analysis (1, 2-3, More Than 3)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North Region Market Share Analysis

5.2.4.2.        South Region Market Share Analysis

5.2.4.3.        West Region Market Share Analysis

5.2.4.4.        East Region Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  India OTT Media Services Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Share Analysis

5.3.2.    By Video Quality Market Share Analysis

5.3.3.    By Number of Screens Market Share Analysis

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    North India OTT Media Service Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value         

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Video Quality Market Share Analysis

6.2.3.    By Number of Screens Market Share Analysis

7.    South India OTT Media Service Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value         

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Video Quality Market Share Analysis

7.2.3.    By Number of Screens Market Share Analysis

8.    West India OTT Media Service Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value         

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Video Quality Market Share Analysis

8.2.3.    By Number of Screens Market Share Analysis

9.    East India OTT Media Service Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value         

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Video Quality Market Share Analysis

9.2.3.    By Number of Screens Market Share Analysis

10.  Market Dynamics

10.1.             Drivers

10.1.1. Increasing Regional Content

10.1.2. Affordable Price

10.1.3. Expanding Range of Available Subscription Packages

10.2.             Challenges

10.2.1. Numerous Cybercrimes

10.2.2. Security Issue

11.  Impact of COVID-19 on India OTT Media Services Market

11.1.1. Impact Assessment Model    

11.1.2. Key Segments Impacted

11.1.3. Key Regions Impacted

12.  Market Trends & Developments

12.1.             Accessibility of Streaming Services on Different Devices

12.2.             Increasing Internet Penetration

12.3.             Friendly User Interface

12.4.             The Extensive Range of Shows

12.5.             Consumer Changing Preference

13.  SWOT Analysis

13.1.             Strength

13.2.             Weakness

13.3.             Opportunities

13.4.             Threats

14.  India Economic Profile

15.  Policy & Regulatory Landscape

16.  Competitive Landscape

16.1.             Company Profiles

16.1.1. Netflix Entertainment Services India LLP

16.1.1.1.     Company Details

16.1.1.2.     Products & Services

16.1.1.3.     Financial (As per availability)

16.1.1.4.     Key Market Focus & Geographical Presence

16.1.1.5.     Recent Development

16.1.1.6.     Key Management Personnel

16.1.2. Zee Entertainment Enterprises Limited

16.1.2.1.     Company Details

16.1.2.2.     Products & Services

16.1.2.3.     Financial (As per availability)

16.1.2.4.     Key Market Focus & Geographical Presence

16.1.2.5.     Recent Development

16.1.2.6.     Key Management Personnel

16.1.3. Amazon.com, Inc,

16.1.3.1.     Company Details

16.1.3.2.     Products & Services

16.1.3.3.     Financial (As per availability)

16.1.3.4.     Key Market Focus & Geographical Presence

16.1.3.5.     Recent Development

16.1.3.6.     Key Management Personnel

16.1.4. Novi Digital Entertainment Private Limited (Disney + Hotstar)

16.1.4.1.     Company Details

16.1.4.2.     Products & Services

16.1.4.3.     Financial (As per availability)

16.1.4.4.     Key Market Focus & Geographical Presence

16.1.4.5.     Recent Development

16.1.4.6.     Key Management Personnel

16.1.5. Viacom18 Media Private Limited (Voot)

16.1.5.1.     Company Details

16.1.5.2.     Products & Services

16.1.5.3.     Financial (As per availability)

16.1.5.4.     Key Market Focus & Geographical Presence

16.1.5.5.     Recent Development

16.1.5.6.     Key Management Personnel

16.1.6. Sony Pictures Networks India Pvt. Ltd.

16.1.6.1.     Company Details

16.1.6.2.     Products & Services

16.1.6.3.     Financial (As per availability)

16.1.6.4.     Key Market Focus & Geographical Presence

16.1.6.5.     Recent Development

16.1.6.6.     Key Management Personnel

16.1.7. ALT Digital Media Entertainment Limited

16.1.7.1.     Company Details

16.1.7.2.     Products & Services

16.1.7.3.     Financial (As per availability)

16.1.7.4.     Key Market Focus & Geographical Presence

16.1.7.5.     Recent Development

16.1.7.6.     Key Management Personnel

16.1.8. Hungama Digital Media Entertainment Pvt Ltd.

16.1.8.1.     Company Details

16.1.8.2.     Products & Services

16.1.8.3.     Financial (As per availability)

16.1.8.4.     Key Market Focus & Geographical Presence

16.1.8.5.     Recent Development

16.1.8.6.     Key Management Personnel

16.1.9. MX Media & Entertainment Pte. Ltd.

16.1.9.1.     Company Details

16.1.9.2.     Products & Services

16.1.9.3.     Financial (As per availability)

16.1.9.4.     Key Market Focus & Geographical Presence

16.1.9.5.     Recent Development

16.1.9.6.     Key Management Personnel

16.1.10.               Apple, Inc.

16.1.10.1.   Company Details

16.1.10.2.   Products & Services

16.1.10.3.   Financial (As per availability)

16.1.10.4.   Key Market Focus & Geographical Presence

16.1.10.5.   Recent Development

16.1.10.6.   Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.             Key Focus Areas

17.2.             Target Type

17.3.             Target Number of Screens

18.  About Us & Disclaimer

 

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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The great popularity of OTT in India has been largely attributed to the quick adoption and development of internet infrastructure. These features make it possible for OTT services to send material straight to viewers.

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Users of SVOD (subscription-based video on demand) pay a certain amount to have access to all the content library, which may include films and television programs. Users of AVOD (advertising-based video on demand) can access the material for free, but they must put up with the commercials.

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Over 47 million unique users visited Amazon Prime Video in India in March 2021, a considerable increase from the previous year.

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Viewers are no longer constrained to what is broadcast; they can watch whatever they want, whenever they want. Consumer Freedom: Because OTT puts consumers in charge, there is a need for more content to be produced and for it to be delivered more quickly.

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Parvati Sharma

Account Manager BD
Press Release

India OTT Media Services Market is Fueled by SVOD Services to Grow During the Forecast Period

Feb, 2023

Increasing consumer adoption of smart devices and increasing usage of subscription-based service are expected to drive the growth of the India OTT media services market.

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