Global Online TV and Video Revenues Predicted to Nudge $22 Billion by 2016

LONDON - Global online TV and video revenues will grow a lot more than five-fold to $21.52 billion in 2016 up from $3.48 billion recorded this year, based on new a brand new report from London-based analyst firm Digital TV Research. Rapid development in the supply of PC- and TV-based online television - both from local and worldwide gamers - is driving the worldwide expansion within the sector. By 2016 the report forecasts that 415 million houses in 40 nations will watch shows online up from 177 million this year. The U.S. will stay the dominant territory for online TV and video revenues, with 54 percent from the global market this year - but this can drop close to 36 percent from the total global market in 2016 as China along with other areas become significant customers of movie. Within the five-year period China's online television and video revenues are predicted to surge from $50 million this year to $1.38 billion in 2016. "The OTT television and video sector is around the edge of the huge take-off," stated report author Simon Murray, who stated expansion had been driven by multiple factors including worldwide expansion, elevated demand and subscription services and emerging new content close ties. Related Subjects Worldwide