South Korea OTT Media Services Market is witnessing high demand owing to the rising penetration of fast internet through broadband networks which provides a seamless viewing experience to the consumers. Moreover, the high demand for local content in the country is further driving the South Korea OTT media services market.
According to the data provided by World Bank, in 2021 around 98% of the individuals in South Korea had internet connection. Moreover, according to a report, approximately 99% of the teens in South Korea had used smartphone in 2021 and the country tops globally with a 96% ownership of smartphones. In 2019, the Korea Information Society Development Institute polled 6,375 adults over the age of 13 and found that 91.6% of OTT service customers watched videos on their smartphones. Thus, with the high penetration of smartphones and internet the demand for OTT platforms in forecastto grow at a significant rate in the coming years.
Market Segmentation
The South Korea 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, TVOD. Based on video quality the market is divided into HD, Full HD, Ultra HD. Further, on the basis of number of screens the market is fragmented into 1, 2-3 and more than 3.
Company Profiles
Netflix, Inc., http://Amazon.com, Inc, Alphabet Inc. (YouTube), The Walt Disney Company, Content Wave Co., Ltd., Rakuten Group, Inc., Kakao Entertainment Co., Ltd., Coupang, Inc., Teabing Co., Ltd., Watcha Inc., etc. are among the top players operating in the South Korea OTT media services market.
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According to the data provided by World Bank, in 2021 around 98% of the individuals in South Korea had internet connection. Moreover, according to a report, approximately 99% of the teens in South Korea had used smartphone in 2021 and the country tops globally with a 96% ownership of smartphones. In 2019, the Korea Information Society Development Institute polled 6,375 adults over the age of 13 and found that 91.6% of OTT service customers watched videos on their smartphones. Thus, with the high penetration of smartphones and internet the demand for OTT platforms in forecastto grow at a significant rate in the coming years.
Market Segmentation
The South Korea 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, TVOD. Based on video quality the market is divided into HD, Full HD, Ultra HD. Further, on the basis of number of screens the market is fragmented into 1, 2-3 and more than 3.
Company Profiles
Netflix, Inc., http://Amazon.com, Inc, Alphabet Inc. (YouTube), The Walt Disney Company, Content Wave Co., Ltd., Rakuten Group, Inc., Kakao Entertainment Co., Ltd., Coupang, Inc., Teabing Co., Ltd., Watcha Inc., etc. are among the top players operating in the South Korea OTT media services market.
Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=14802
For More Information Visit: https://www.techsciresearch.com/report/south-korea-ott-media-services-market/14802.html
South Korea OTT Media Services Market is witnessing high demand owing to the rising penetration of fast internet through broadband networks which provides a seamless viewing experience to the consumers. Moreover, the high demand for local content in the country is further driving the South Korea OTT media services market.
According to the data provided by World Bank, in 2021 around 98% of the individuals in South Korea had internet connection. Moreover, according to a report, approximately 99% of the teens in South Korea had used smartphone in 2021 and the country tops globally with a 96% ownership of smartphones. In 2019, the Korea Information Society Development Institute polled 6,375 adults over the age of 13 and found that 91.6% of OTT service customers watched videos on their smartphones. Thus, with the high penetration of smartphones and internet the demand for OTT platforms in forecastto grow at a significant rate in the coming years.
Market Segmentation
The South Korea 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, TVOD. Based on video quality the market is divided into HD, Full HD, Ultra HD. Further, on the basis of number of screens the market is fragmented into 1, 2-3 and more than 3.
Company Profiles
Netflix, Inc., http://Amazon.com, Inc, Alphabet Inc. (YouTube), The Walt Disney Company, Content Wave Co., Ltd., Rakuten Group, Inc., Kakao Entertainment Co., Ltd., Coupang, Inc., Teabing Co., Ltd., Watcha Inc., etc. are among the top players operating in the South Korea OTT media services market.
Download Free Sample Report:
https://www.techsciresearch.com/sample-report.aspx?cid=14802
For More Information Visit: https://www.techsciresearch.com/report/south-korea-ott-media-services-market/14802.html
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