Uploaded on Oct 5, 2020
Explore the impact of OTT apps during Covid19 pandemic and the prediction of its growth in post Covid19 with its massive reach and features.
The Growth and Impact of OTT Apps During Covid19 Pandemic
The Growth and Impact
Of OTT Apps During
COVID 19 Pandemic
Peer to Peer Ride.
2
The Growth and Impact Of
OTT Apps
It is a better truth, the outbreak of the pandemic COVID-
19 has changed life for everyone. Not only the life of
every individual, but also the businesses of every sector,
the pandemic has revolutionized the world solemnly
which remains all the ancient habituals of our culture. As
it deviates all the life of every industry, the entertainment
industry is not an exception in that.
The Growth and Impact Of
OTT Apps
On one hand, work from home became a new way of life,
on another, many businesses came to a stand still. In the
beginning as a dark era and now as a glorious movie-
making era, Yeah, the impact of coronavirus is
unprecedented.
Due to lockdown and social distancing, the out-of-home
entertainment becomes reel so far which tempts
everyone to turn towards OTT for entertainment.
OTT Platforms Managing
Remarkable Success Amidst the
Pandemic Stress
The OTT has experienced a noteworthy growth in this present
period and it is projected to continue its trend in post coronavirus
pandemic. This rapid growth in the market is acquired with the
enhancing implementation of AR and VR on smart devices for
gaming applications which delivers a real time experience for
players while playing.
To mention, this factor is projected to increase the demand of OTT
services which results in ample growth in the global market.
OTT Platforms Managing
Remarkable Success Amidst the
Pandemic Stress
Besides, the next generation cellular network services like 5G
technology is expected to impel the adoption of OTT services for
entertainment in the upcoming years.
These network services are expecting to deliver reliable and faster
cellular data speed to provide better streaming video quality such
as 4k video streaming. With all those aspects and expectations, the
OTT in feature becomes an essential in everyone's life.
Reason Behind the Majestic
Growth of OTT
As a matter of fact, OTT market has revolutionized the way content
is created, distributed and streamed. This is why people are in
constant need of variety of content and OTT caters to this demand
magnificently with the lasting additions of varied content.
As a result, the lockdown has inadvertently made the people
realize the convenience of OTT which already reached its extent in
the way the content is consumed on a day-to-day basis.
Reason Behind the Majestic
Growth of OTT
1. Video Content with High Quality
The users have an option to view their video in their desired quality
like 2k,4k 720p or 1080p
2. Wide Audience Potential
Video streaming will reach a wide audience with its time
convenient, device, and display.
Reason Behind the Majestic
Growth of OTT
3. Multilingual with Subtitle
The availability of multilingual subtitles make online video
streaming a majestic one.
4. Ease and Convenience
With the availability of cross-platform availability and internet
accessibility, online video streaming service is easy and convenient
to use.
The Utmost Risk of Out-of-
home Entertainment
The outdoor entertainment phases such as events, films, theme
parks and so on are prolonged in the recovery cycle of COVID-19
which is due to the “risk aversion” where consumers will have
towards large public gatherings.
The norm social distancing has destroyed the footfalls and ticket
sales of event venues, multiplexes and children’s parks and so on.
As well, the film box office is headed for a disaster due to COVID19
which not only slowed down the theatrical chains expansion but
also shutted down the various outlets as rental costs pinched the
bottomline.
The Rocking Solution To
Overcome Risks In Outdoor
The only solution to recover the entertainment industry from these
Esonrtse orf tbauridnenms ies n“OtT T”.
At present, the more people across cities and ages become familiar
with OTT which is an additional advantage for this sector's potential.
In the same way, the 24/7 availability of umpteen movies and shows
with the simple navigation interface has results in more users to go
for OTT
The fast-changing viewer experience and the behaviour of
streaming trends let OTT is here to stay. As a result, this sector has
remolded the entertainment industry and will continue to be ever-
evolving with its enormous potential for consumer-centric &
customized content.
The Rocking Solution To
Overcome Risks In Outdoor
Entertainment
Hope you have attained a lot about OTT and its impact during
COVID19. Not only for the user phase, it remains beneficial for the
producers phase too with high revenue and wide reach. Are you an
entrepreneur with streaming thoughts for live stream business?
Then it's time to build your own OTT app with the best
OTT app development solutions provider, Startupmart. Stuffed
with amazing technologies and sophisticated trends, we caught your
thoughts and made you meet your requirements with our service.
Stick with us!
Call/Whatsapp: 9751265651
Skype: startupmart
Email: [email protected]
THANKS!
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