Indonesia’s OTT industry set to skyrocket to $16.4 billion by 2031

The Indonesia OTT industry size was valued at $870.35 million in 2020, and is projected to reach at $16,386.82 million by 2031, growing at a CAGR of 31.3% from 2020 to 2031.”

In today’s digital landscape, over-the-top (OTT) service providers are increasingly leveraging mobile applications to cater to customers, offering seamless and convenient shopping experiences, online gaming, payment solutions, and banking services. This trend is driven significantly by the widespread adoption of smartphones and electronic devices.

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One of the primary drivers of growth in the OTT market is the increasing penetration of smartphones and electronic devices among consumers. As more people own smartphones and other connected devices, the potential audience for OTT services expands, driving up demand.

Moreover, several other factors contribute to the growth of the OTT market in Indonesia. The rise in disposable income among consumers enables them to spend more on digital services and entertainment. Additionally, the availability of low-cost smartphones makes access to OTT platforms more affordable for a broader segment of the population.

The proliferation of high-speed and cost-effective internet services further fuels the uptake of OTT services. With improved internet connectivity, consumers can seamlessly stream content, engage in online gaming, and conduct financial transactions through OTT platforms.

Furthermore, the growing number of netizens in Indonesia, coupled with increased investments in communication network infrastructure, creates a conducive environment for the expansion of the OTT market. As more individuals gain access to the internet and digital services, the demand for OTT offerings is expected to continue rising.

Overall, the combination of factors such as smartphone adoption, internet accessibility, rising incomes, and infrastructure development contributes significantly to the growth and evolution of the OTT market in Indonesia.

Some of the key Indonesia OTT industry players profiled in the report include Amazon Prime Video, CatchPlay, Iflix, Mola TV, PT. Media Nusantara Citra Tbk. (MNC Media), Netflix Indonesia, PT Telekomunikasi Selular (Telkomsel), PT. Telekomunikasi Indonesia, Tbk (Telkom Indonesia), Vidio.com, and Viu.  EIN News