OTT, an acronym for "Over-The-Top," has become synonymous with a new era of entertainment consumption. The likes of Netflix, Disney Hotstar, and Amazon Prime have achieved household recognition, and their common thread is their classification as OTT platforms. If the term "OTT" is unfamiliar to you, rest assured you're not alone. The landscape of entertainment consumption has undergone a significant transformation, evolving beyond the confines of traditional mediums.
In the past, our entertainment options were limited to content offered by TV channels or DVDs, which we either purchased or rented. Today, OTT platforms offer subscribers a diverse range of content, including movies, TV shows, documentaries, and more, all delivered through an immersive experience. Join us as we explore the range of internet OTT and look into its working principles.
So, What Exactly is OTT?
OTT relies on high-speed fiber internet to transmit content directly to an array of devices, such as laptops, smartphones, tablets, and gaming consoles. The hallmark of OTT lies in its dependency on the internet for video delivery, setting it apart from conventional cable systems. While OTT's existence predates recent times, it is now transitioning into the mainstream, solidifying its role within the media landscape.
Untangling the Terminology
Some words can be tricky to understand with all the talk about OTT services. These encompass OTT devices, Internet OTT service providers, content providers, OTT apps, and OTT platforms. By the conclusion of this exploration, these terms will fall into place with clarity.
OTT Devices
These include any device that bypasses traditional cable and embraces internet connectivity for content consumption. This category spans devices like Apple TV, Amazon Fire TV, Chromecast, Android TV, and even commonplace gadgets like laptops and smartphones that leverage high-speed internet for streaming.
OTT Streaming Services and Content Providers
These are the platforms we turn to for on-demand content consumption. Netflix, HBO Now, Disney Hotstar, and Amazon Prime fall within this category, offering the freedom to access content anytime and anywhere. (e.g., HBO is a content provider whose shows might be available on various OTT services, whereas Netflix is an OTT service using the internet as an OTT platform).
OTT Apps
For businesses, creators, and entrepreneurs, OTT presents an avenue to reach global audiences. The linchpin of this system is the creation of dedicated OTT apps, tailored to the specifications of various streaming devices. These apps facilitate the direct streaming of videos to your home screen, available for download from the Apple Store or Android Store based on your device.
OTT Platforms
Entities like "USCREEN" empower the deployment of personalised apps on an array of OTT devices, enabling content creators to showcase their videos to a global audience.
Why is OTT of Current Relevance?
Comparing OTT to traditional TV, beyond the evident decline of the latter, the surge in OTT adoption has been significantly accelerated by the pandemic. Recent years have witnessed a remarkable 30% increase in OTT adoption.
Several factors contribute to this acceleration:
- The pandemic-induced inability to attend live sports events has steered audiences towards live events via OTT devices, from the comfort of their homes.
- The pursuit of knowledge acquisition has fueled the consumption of instructional and tutorial content, as individuals seek to upskill and explore alternative income sources.
- The pandemic has expedited the shift towards online content consumption, with projections suggesting a 25% rise in OTT device usage by 2025.
- Video consumption has become an increasingly central part of our daily routines. As technology has advanced, accessing video content has become more accessible and more convenient. This shift isn't transient; video consumption has evolved from being a consumer norm to a fundamental necessity.