USA OTT Platforms Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers United States Over-the-top (OTT) Platform Providers and the market is Segmented by Type (SVOD, TVOD, and AVOD). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

US Over-the-Top (OTT) Market Size

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United States OTT Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 56.61 Billion
Market Size (2029) USD 102.28 Billion
CAGR (2024 - 2029) 12.56 %
Market Concentration Medium

Major Players

United States OTT Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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US Over-the-Top (OTT) Market Analysis

The United States OTT Market size is estimated at USD 56.61 billion in 2024, and is expected to reach USD 102.28 billion by 2029, growing at a CAGR of 12.56% during the forecast period (2024-2029).

The United States is one of the largest OTT markets in the world. The high penetration of smart devices, like smart TV and smartphone, growing demand for VOD content, and a high rate of per-user payment are some of the major factors driving the country's OTT market. Also, most of the top global OTT vendors, like Netflix and Amazon, are US-based, providing an advantage to the regional market.

  • The increasing gravitation toward OTT content frees US citizens from cables, geographic restrictions, and broadcast schedules and fundamentally changes how video is sold, produced, and consumed. Thus, increasing adoption has been attributable to narrow genre choices, package flexibility, wider device availability, internet penetration, and lower costs. Netflix and Amazon are the most commonly subscribed OTT platforms in the country.
  • With increasing revenue numbers, the surging percentage of viewing time going to OTT video content reflects the streaming growth and is changing the country's entertainment landscape. According to the Arizona-based Limelight Networks, viewers spend an average of 6.8 hours per week consuming OTT video globally, with the United States topping the national average at 8.55 hours.
  • COVID-19 increased viewership numbers and streaming hours, and the lack of new movies in theatres also boosts OTT platforms. The rising use of virtual reality (VR) and augmented reality (AR) on smart devices for gaming apps to provide users with a real-time experience while playing a game is projected to increase demand for OTT services post-pandemic. Furthermore, fast expansion in the next generation of cellular network services, such as 5G technology, is expected to drive the country's over-the-top (OTT) industry. According to OpenSignal, In the United States, those with 5G-capable cellphones spent 25.2% connecting to a 5G network in the last year.
  • However, some costs for OTT providers also rise along with increased consumption, with services impacted by varying degrees depending on the content delivery network model employed. As the OTT viewing amount increases, so does the OTT provider's delivery cost since CDN services are usually charged for the content delivered.
  • Major market players are offering cheaper subscription plans to attract more customers. For instance, in July last year, Netflix partnered with Microsoft, a global technology corporation headquartered in Redmond, Washington. With this collaboration, the firms planned to develop a new ad-supported service with a lower-cost subscription plan to attract new users. Moreover, in May last year, Hulu and Xbox announced a collaboration to provide existing Hulu members in the United States with three free months of PC Game Pass.

US Over-the-Top (OTT) Market Trends

This section covers the major market trends shaping the US OTT Market according to our research experts:

High Penetration of Smart TV Witnesses a Significant Growth

  • Streaming content in the region has been intensifying as content owners like Disney go direct to consumers and Telcos (AT&T) and OTT-only operators like Amazon, to name a few. Simultaneously, the emergence of 4K for streaming has propelled OTT content growth to be made available across smart TV formats.
  • Consistent growth in streaming device usage, increasing internet penetration, and demand for smart TVs have provided lucrative opportunities for media companies to enter the Over the Top (OTT) industry. Several TV makers are introducing low-cost smart TVs. For instance, in April last year, Samsung Electronics Co. Ltd introduced its Neo QLED 8K smart TV line. This introduction comprised televisions with 65-inch and 85-inch screens. Samsung Electronics Co. Ltd also makes special deals that allow consumers to buy TVs at lower prices, creating demand for its products.
  • According to comScore, video consumption via connected TV among US customers grew by 26.5% in March last year compared to the previous year, exceeding 10.5 billion hours of watching each month. Online video consumption through mobile increased in March 2021, hitting 6.8 billion hours watched every month.
  • According to Media Play News, in the United States, internet-connected TV adoption climbed from 82% in 2021 to 87% in the last year. The growth in internet-connect TV adoption in the country is expected to increase content consumption at home.
  • With the COVID-19 outbreak and nationwide lockdowns, the hours spent on TV have been rising. This entails a positive growth outlook on a near-term basis. On the vendor front, Viacom is a significant vendor offering a direct-to-consumer (D2C) service on the back of Pluto TV, the US free streaming service the company bought recently.
United States OTT Market  :  Forecasted 8K Ultra HD TV unit shipments, United States, in Percentage, 2019-2022

SVOD Segment to Hold a Significant Market Share

  • Subscription Video on Demand (SVOD) is similar to traditional TV packages, allowing users to consume as much content as they desire at a flat monthly rate. Major services include Sky (plus its subsidiary Now TV), Amazon Prime Video, Netflix, and Hulu.
  • According to Digital Entertainment Group, in the United States, consumer expenditure on subscription video-on-demand (SVOD) climbed from USD 6.4 billion in the second quarter of 2021 to USD 7.7 billion in the third quarter of the last year. This is an increase of above one billion US dollars over the same time the previous year, demonstrating tremendous resilience in the face of the economic crisis.
  • More than 90% of the SVOD subscribers come from the US market alone in the North American region. The emergence of SVoD platforms is also helping to drive consumers' cord-cutting trends. The number of SVOD subscriptions in the United States will grow by more than 50% in the next five years. But it might not seem quite significant when that aggregate number is broken down by household.
  • The SVOD segment in the US OTT market is one of the significant segments; by 2025, the country is expected to witness a dozen platforms with more than 5 million paying subscribers-revealing just how ahead the US market is compared with the rest of the world. Growth for established players such as Amazon, Netflix, and Hulu will be affected due to intense competition from younger rivals such as Disney+, Peacock, and the augmented CBS All Access.
  • In the previous year, 83% of US customers used a subscription video-on-demand service, a roughly 20% rise in five years. Netflix is among the most popular SVOC platform. In the third quarter of the last year, the number of Netflix streaming customers in the United States surpassed 73 million.
United States OTT Market  :  Number of Netflix Paying Streaming Subscribers, United States, in Millions, Q3 2021 - Q3 2022

US Over-the-Top (OTT) Industry Overview

The US OTT market is witnessing increasing competitive rivalry as more companies enter, leading to the gradual consolidation of the market. The major market players are involved in various strategies to expand their market share, including mergers and acquisitions. Also, TV broadcasters are entering the market either by launching their app or investing in another OTT platform. Eventually, in the coming years, most TV cable operators are expected to invest in these business models to establish their presence in the industry.

In August 2022, Disney+ announced the launch of an ad-supported subscription service in the United States on December 2022, giving consumers more options. With the introduction, a comprehensive and integrated slate of subscription options will be made accessible across Hulu, Disney+, ESPN+, and the Disney Bundle, providing viewers with complete choice in selecting the option that best meets their requirements.

In July 2022, Netflix partnered with Microsoft to offer a low-cost subscription to attract new users.

In March 2022, Netflix acquired game developer Boss Fight Entertainment to expand its game development efforts for mobile and video games.

US Over-the-Top (OTT) Market Leaders

  1. Netflix Inc.

  2. Disney+ (The Walt Disney Company)

  3. Roku Inc.

  4. HBO MAX (AT&T INC.)

  5. Amazon Prime Video (

*Disclaimer: Major Players sorted in no particular order

United States OTT Market  Concentration
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US Over-the-Top (OTT) Market News

  • Jul 2022: Netflix acquired Animal Logic, the world's leading independent animation studio. This acquisition is expected to speed up Netflix's development of end-to-end animation production abilities. Netflix Animation and Animal Logic together are anticipated to form a worldwide creative production team as well as an animation studio that will create some of Netflix's most popular animated feature titles.
  • Apr 2022: Roku and Amazon extended their distribution arrangement for some more years. The agreement allows the customers to continue using Roku devices to access the Prime Video and IMDb TV applications.

US Over-the-Top (OTT) Market Report - Table of Contents





    1. 4.1 Current Market Scenario

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 COVID-19 Impact on the Industry


    1. 5.1 Market drivers

      1. 5.1.1 High Penetration of Smart TV and the Presence of Major OTT Providers have Contributed to the Growth of OTT Adoption in the Region

      2. 5.1.2 Market Consolidation to Result in Emphasis on Collaboration and Partnerships

    2. 5.2 Market Restraints


    1. 6.1 By Type

      1. 6.1.1 SVOD

      2. 6.1.2 TVOD

      3. 6.1.3 AVOD



    1. 8.1 Company Profiles

      1. 8.1.1 Netflix

      2. 8.1.2 Disney+

      3. 8.1.3 Amazon Prime Video

      4. 8.1.4 Roku

      5. 8.1.5 HBO Max (AT&T Inc.)

      6. 8.1.6 CBS All Acess (Viacomcbs Inc.)

      7. 8.1.7 Sling TV L.L.C.

      8. 8.1.8 Apple Inc.

      9. 8.1.9 YouTube (Google LLC)

    2. *List Not Exhaustive


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US Over-the-Top (OTT) Industry Segmentation

Over-the-top (OTT) content is delivered over the Internet at the request and to suit the requirements of individual consumers rather than through traditional channels such as cable, broadcast television companies, or over-the-air live TV broadcasting. 

The United States over-the-top (OTT) Market is Segmented by Type (SVOD, TVOD, and AVOD). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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US Over-the-Top (OTT) Market Research FAQs

The United States OTT Market size is expected to reach USD 56.61 billion in 2024 and grow at a CAGR of 12.56% to reach USD 102.28 billion by 2029.

In 2024, the United States OTT Market size is expected to reach USD 56.61 billion.

Netflix Inc., Disney+ (The Walt Disney Company) , Roku Inc. , HBO MAX (AT&T INC.) and Amazon Prime Video ( are the major companies operating in the United States OTT Market.

In 2023, the United States OTT Market size was estimated at USD 50.29 billion. The report covers the United States OTT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States OTT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

US OTT Platforms Industry Report

Statistics for the 2024 US OTT Platforms market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US OTT Platforms analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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USA OTT Platforms Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)