313Blog - India has nearly 55 cr OTT users: Ormax report

India has nearly 55 cr OTT users: Ormax report

Posted on 22nd Aug 2024

 

Number of active paid subscriptions stagnant at 10 crore, reveals Ormax OTT Audience Report

Source: e4m

Ormax Media (@OrmaxMedia) / X

Media consulting firm Ormax Media has released the latest edition of India’s largest audience research to size the OTT universe in the country, titled The Ormax OTT Audience Report: 2024. Based on a sample size of 12,000 across urban and rural India, the research was conducted in June and July of 2024.

Select findings of the report released by Ormax Media reveal that the Indian OTT audience universe is currently pegged at 547.3 million (or 54.73 crore) people. This translates to a penetration of 38.4%. The 13.8% growth in the universe vis-à-vis 2023 is entirely driven by the AVOD audience, which grew by 21%, while the SVOD segment witnessed a degrowth of 2%.

The report reveals that India has 99.6 million active paid (B2C) OTT subscriptions, a number similar to last year. The average number of platforms subscribed to per paying audience member has come down from 2.8 to 2.5 in 2024, highlighting the waning need among audiences to subscribe to too many platforms.

 

This year’s report also elaborates on various devices used by the OTT audience in India to watch online video content. Smartphone emerges as the most preferred device to watch online video content with 97% of Indian OTT audience using it, and a sizeable 81% audience watching OTT content only on their smartphone. The connected TV audience base is estimated at 69.7 million.

 

Elaborating on the significance of the report, Grewal said: “This year’s report offers an in-depth look at the dynamic growth and future trajectory of the OTT landscape in India, that can help OTT platforms and agencies with growth strategy, acquisition and retention decisions, revenue planning and content strategy. We have also expanded the scope of this year’s report to provide an insight into devices of consumption, which will help in defining distribution strategy. This report stands as a testament to Ormax Media’s ongoing commitment to providing insights that empower platforms, production companies, and agencies to enhance profitability through data and analytics.”

 

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