The landscape of entertainment and media consumption in India is poised for a significant transformation, with online video consumption expected to soar in the coming years. According to a recent report by Bain & Company, the nation is on the brink of a digital revolution, with a surge in broadband penetration driving the proliferation of online video content.
The report attributes this growth to several factors, including:
Broadband Expansion: The rapid growth of broadband infrastructure in urban and rural areas is a key driver.
Affordability Boost: The increasing affordability of smartphones and smart devices is democratising access to online video content.
Content Explosion: A wide variety of video streaming platforms offer diverse content libraries.
Two broad categories of online video consumption are:
The top 5 players in the SFV market—Moj (ShareChat), MX TakaTak (TimeGroup), Josh (Dailyhunt), Roposo (Glance), and Zili (Xiaomi)—account for 85% of monthly active users amongst SFV platforms. Meanwhile, the creator base for SFV is scaling in India.
The report’s findings are positive news for the Indian media and entertainment industries. Online video is a growing source of revenue for media companies, and the expected surge in consumption is likely to lead to increased investment in online video content. This, in turn, will benefit both viewers and content creators alike.
To accommodate the rising demand for bandwidth caused by the surge in video consumption, Internet Service Providers (ISPs) require larger routers and Broadband Network Gateways (BNGs). Jaze ISP Manager addresses this need by seamlessly integrating leading hardware and software BNG providers. This integration facilitates the delivery of broadband services featuring flexible plans bundled with Over-The-Top (OTT) services, all offered at competitive pricing.
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