In the last few years, there is a paradigm shift in how people are consuming video content. Users worldwide are ditching their cable television and turning to OTT platforms for news, entertainment and education.
Over-the-top platform is valued at 101.42 billion dollars in 2020 and is expected to reach 223 billion dollars by 2026 at a CAGR of 13.87 percent. Thanks to these online Video streaming platforms like Netflix clone, consuming video content is more accessible than ever. Not only viewers but brands around the world are focusing on OTT platforms for marketing and increasing their brand awareness.
In this post we will discuss the top 10 fast growing OTT platforms that are popular worldwide.
Netflix
With over 200 million subscribers worldwide Netflix is the most popular and fast growing OTT platform worldwide. Initially started as a DVD rental service provider, the platform evolved itself as a live streaming platform over the years. The OTT platform faces a tough competition right now Amazon prime, Disney Hotstar. But still it manages to hold the first position with its worldwide reach, content variety and Netflix original. The is popular for binge watching shows as they upload entire seasons of TV shows. To cater a wider target audience the platform is collaborating with regional content creators and production houses for Netflix Originals.
The platform offers a variety of subscription plans for its users worldwide -
- Basic plan for $8.99/month
- Standard plan for $13.99/month
- Premium plan for $17.99/month
Disney Plus
Disney + or Disney Hostar is another name that's dominating the OTT platform list worldwide. The platform has partnered with different local networks in different countries but all are under a single brand name and owned by Disney. The platform offers a variety of content for its users by collaborating with local production houses and original creations of the company.
The platform also partnered with Star for streaming live sports matches. All of this is available to the users worldwide at similar subscription charges to other OTT platforms.
Disney Plus subscription
- $8 /month (Disney Plus)
- $80/year (Disney Plus)
- $14/month (Hulu, and ESPN+ bundle)
- $20/month (Hulu (ad-free) and ESPN+ bundle)
- $70/month (Hulu + Live TV, and ESPN+ bundle)
- $76/month (Hulu (ad-free) + Live TV, and ESPN+ bundle)
Amazon Prime
Amazon prime video is another OTT platform with more than 200 million users worldwide. The platform offers video content on subscription bases, rent or purchase as well. Prime video subscribers can even watch movies that are still in theatres, along with access to live programming like sporting events.
The biggest advantage with this is that with single Amazon Prime membership, users can enjoy the access to a variety of exclusive content along with ecommerce and grocery shopping as well.
Amazon subscription plans: $12.99 per month (plus taxes) & $119 per year (plus taxes).
Hulu
The next on our list of the fastest growing OTT platforms is US based streaming platform - Hulu. Similar to any other popular streaming platform like Prime video, Netflix offers a variety of content for its users. Unlike other platforms Hulu doesn't upload all new episodes all at once. Usually the content is uploaded a day after the episode is aired.
This OTT platform is available in four pricing plans, including:
- Monthly - $5.99
- Monthly (No-Ads) - $11.99
- Monthly (Live TV) - $64.99
- Monthly (No-Ads + Live TV) - $70.99
These are just the subscription plans for Hulu platform. The platform offers a variety of add-ons and other bundled packages to provide users access to other collections of content.
YouTube TV
YouTube is a popular video sharing and social media platform that everyone has heard about. Although not many are aware about their OTT platform YouTube TV. The platform offers users to either pay for the unlimited streaming or opt their pay per view model to access their wide variety of content. Here you can enjoy live access to 85+ TV channels along with movies that you can buy or rent from them.
This OTT platform offers streaming services with their subscription plans -
- Monthly subscription plan - $59
- Yearly subscription plan - $500
HBO Max
The next fast growing OTT platform that is attracting users from around the world is HBO Max. This platform is owned by WarnerMedia and steam content mostly related to their parent company on their platform. Popular shows like Games of Thrones are available on this platform and live streaming is done along with the TV. One other advantage with this platform is that viewers can have access to the movies that are still in theatres.
The OTT platform comes in two subscription plans -
- Streaming with ads costs - $9.99/month.
- Ad-free streaming - $14.99/month.
Peacock TV
Peacock TV is an American OTT platform that's popular worldwide for live streaming of sports and WWE wrestling shows. Although the platform is launched in 2020, with its attractive three tiers content from - free, premium, and premium plus . It became the fastest growing platform to hit 54 million subscribers within a short period of time.
The platform has a collection of both original as well as third party video content for its users. Peacock is getting more popular in America, Latin America and several other European countries. Not only for sports and WWE wrestling shows, viewers can also watch news depending upon the subscription plan.
Dacast
The next on our list is - Dacast , a business oriented platform that offers its services around the world. This OTT platform has its strong presence in China and offers a variety of content for its users. Views can enjoy live streaming on multiple devices that includes mobile, web, tablet, TV. The platform offers excellent opportunities for users to host, distribute and even monetize their content.
The subscription plan of Dacast -
- Starter Plan: $39 per month
- Event Plan: $63 per month
- Scale Plan: $188 per month
