Forty percent of OTT Services launched in past two years
Dallas, Texas, November 17, 2015 - Parks Associates today revealed the top ten subscription over-the-top (OTT) video services based on number of subscribers, with Netflix as the top subscriber service and three of the ten services on the list focused on sports content, including the WWE, the NFL, and MLB. The research firm shows over 25% of OTT video services in the U.S. market today came out in 2015, and 40% of services were launched within the last two years.
Parks Associates' top 10 OTT services by subscriber volume are based upon reported figures and estimates from Parks Associates' OTT Video Market Tracker using multiple consumer surveys, network traffic data, and service provider information. The top 10 list of subscription OTT video services for the U.S. market is as follows:
2. Amazon Video
5. WWE Network
6. HBO Now
8. NFL Game Pass
9. The Blaze
"The number of new services and continued growth for many existing services show the vitality of the OTT video services market in the U.S.," said Brett Sappington, Director, Research, Parks Associates. "While Netflix holds a substantial lead, new and emerging OTT services are establishing their own place in the market."
Sappington noted that Netflix continues to lead the U.S. market in subscriber volume, but Hulu has escalated its efforts to bulk up the subscription side of its services with the addition of new content and an advertising-free subscription tier. After only a few months following its launch, HBO Now is sixth, while Sling TV is also in the top 10 following its launch at the beginning of 2015.
Among sports services, MLB.TV has peaked following the end of the 2015 World Series, and NFL Game Pass is going strong midway through the new NFL season. In contrast, the WWE Network is resisting the seasonality common to other sports OTT video services and continues to add subscribers.
Parks Associates' OTT Video Market Tracker is an annual service with monthly and quarterly updates that monitors OTT services in the U.S. and tracks content and subscriber counts for over 100 OTT video services in North America. It provides comprehensive industry tracking and insights into new trends and services, including discovery and analysis on new OTT video service players.
"Importantly, the market for OTT video services is just getting started. With several offering new, original content and Internet giants like Yahoo! purchasing broadcast rights to major sporting events, more consumers will look to OTT video services in the future," Sappington said. "The key for the industry will be to package, market, and monetize these services in ways that will drive big money and big business."
Previously released OTT research highlights include:
• 58% of U.S. broadband households have used at least one OTT video service in the past 30 days.
• More than 25% of households used two or more OTT video services in the past 30 days.
• 59% of U.S. broadband households subscribe to an OTT video service subscription with a monthly fee.
For more information about the OTT Video Market Tracker and related research, contact email@example.com. To schedule an interview with an analyst or to request specific data, please contact Holly Sprague at firstname.lastname@example.org.
About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.
The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.
Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit: Engaging Consumers, and Smart Energy Summit: Engaging the Consumer. http://www.parksassociates.com