According to Digital TV Research, online TV episode and movie revenues for 138 countries will reach $83 billion in 2022, more than double the $37 recorded billion in 2016. The research house estimates that $9 billion will be added in 2017 alone.
The United States is expected to remain the dominant territory for online TV and video revenues by some distance. However, the U.S. share of the global market is expected to fall from 51% in 2016 to 40% in 2022.
Contributing half the Asia-Pacific total, China is expected to add a further $7.6 billion, with its total revenues expected to reach $12 billion in 2022.
Simon Murray, principal analyst at Digital TV Research, said: "OTT revenues will exceed $1 billion in 14 countries by 2022, double the count at end-2017. The top five nations will command two-thirds of global revenues."