Strategy Analytics, a research firm, projects that OTT video revenue will surpass $30 billion by 2020, up from $19.45 billion in 2016, with steady double digital growth.
2016s $19.45 billion is no minor feat for streaming services, particularly because in 2015 Comcast received $5.3 billion in revenue from their traditional video services.
Cord cutting and streaming are still new concepts with bright futures. What will they look like in 5 years? At this time, all we know is that cord cutting is strong and streaming video is even stronger.
Even with the recent growth in cord cutting there are still tens of millions of cable subscribers with millions of them considering becoming a cord cutters, making the future of streaming very bright.
Source:
Please follow us on Facebook and Twitter for more news, tips, and reviews.
Need cord cutting tech support? Join our new Cord Cutting Tech Support Facebook Group for help.