India has 424 mn OTT audience, 119 mn paid subscriptions: File

India these days has 423.8 million (or 42.38 crore) OTT audience, translating right into a penetration of 30%, because of this 3 out of ten Indians watched on-line movies at least one time within the closing one month. Then again, there are handiest 119 million lively paid OTT subscriptions in India, throughout 49 million paying (SVoD) audiences, which is a median of two.4 subscriptions consistent with paying target market member.

Those are findings from a file through media consulting company Ormax titled The Ormax OTT Target market Sizing File 2022. The analysis, in accordance with a pattern measurement of 13,500 throughout city and rural India, used to be performed from July to September 2022.

Additional, 65% of those paid subscriptions are with male audiences. The highest six metros give a contribution handiest 10% to India’s OTT universe however 33% to overall paid subscriptions in India. Mumbai, Delhi and Bengaluru, are the highest 3 towns, with greater than 8.5 million lively paid subscriptions each and every. India’s OTT universe has grown 20% since 2021 when it stood at 353.2 million. About 19.2% of the OTT target market is staring at content material on SVoD platforms, however have now not paid for any direct subscription themselves; 11.6% are these days a paid member of a minimum of one streaming carrier or have paid immediately (now not by way of a telecom package) for a minimum of one subscription themselves. About 43.5% watch movies handiest on unfastened streaming platforms, together with a minimum of one platform but even so YouTube and 25.8% watch movies handiest on YouTube and/ or social media platforms.

“A big percentage of the 20% expansion in target market base has come from rural India and small cities. The metro towns have reached saturation ranges, with greater than 79% OTT penetration. Platforms should depend at the smaller markets for the following segment of expansion,” Shailesh Kapoor, founder and CEO – Ormax Media, stated in a observation. “From an SVoD viewpoint, the most-significant discovering has been that the common collection of subscriptions have remained static at 2.4 consistent with paying consumer. This information level holds immense strategic price, because it means that subscriptions expansion will come from extra folks paying for subscriptions, than the similar folks paying for extra subscriptions,” Kapoor added.

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