iWorld
Global OTT revenue to reach $129 bn by 2023 says study
MUMBAI: OTT business across the world is now in a high growth period. In the next five years, revenue from online TV episode and films will reach $129 billion, which is more than double of same recorded in last year. Back in 2017, it stood at $53 billion and in 2018 alone $16 billion will be added. Global OTT TV & Video Forecasts has found the data after surveying 18 countries.
The research has also found the top five markets will command 69 per cent of worldwide revenues by 2023, down from 73 per cent in 2017. While online video viewing was a typical trend of some particular developed countries a few years back also, it is clear that emerging markets are rapidly growing, boosting the overall ecosystem. The report predicts that OTT revenues will exceed $1 billion in 17 countries by 2023.
Among all the business models in OTT market, SVOD has highest upward growth in total revenue share. In 2016, it became the largest OTT revenue source by overtaking AVoD. The share of the total will increase from 47 per cent in 2017 to 53 per cent in 2023. However, AVOD is still very relevant in the game being left with enough opportunities. AVOD revenues are projected to increase by $27 billion between 2017 and 2023.
“No prizes for guessing that the US will remain the dominant territory by some distance,” Digital TV Research principal analyst Simon Murray commented. “However, its share of global revenues will fall from 43 per cent in 2017 to 37 per cent by 2023. We forecast that revenues in the US will more than double between 2017 and 2023 – adding nearly $25 billion to reach $48 billion."
China, another growing player, will add $17 billion over this same period to nearly triple its revenues to $26 billion. Its market share will increase to 20 per cent in 2023 from 17 per cent in 2017.
iWorld
Pocketful appoints Prateek Singh as CEO to drive next growth phase
Ex-Bajaj Broking executive to scale digital investing platform in India
MUMBAI: Pocketful has appointed Prateek Singh as its chief executive officer, marking a key leadership move as the company looks to scale its presence in India’s fast-evolving investment market.
Backed by the three-decade legacy of Pace Group, Pocketful is positioning the appointment as a strategic step to accelerate growth and strengthen its foothold among retail investors.
Singh brings over 13 years of experience in building digital financial platforms, with expertise spanning customer acquisition, product development and business expansion. He joins from Bajaj Broking, where he served as chief growth officer and played a key role in enhancing the company’s digital capabilities and platform experience.
Commenting on the appointment, Pocketful co-founder Sarvam Goel said, “Prateek’s appointment represents an essential milestone for Pocketful as we expand our operations and strengthen our position in the Indian investment market.” He added that Singh’s experience aligns closely with the company’s vision of building a user-focused, technology-driven platform.
For his part, Singh said, “I am truly excited to join Pocketful at such a pivotal stage of its growth journey,” highlighting the rising retail participation and shift towards digital investing in India. He added that the focus will be on simplifying the investing experience and enabling more informed participation in capital markets.
Pocketful offers zero brokerage on equity delivery trades, along with no account opening charges and lifetime zero annual maintenance fees, positioning itself as an accessible platform for new-age investors. It also caters to active traders with advanced tools and features such as margin trading and its in-house intelligence layer, Pocketful GPT, designed to assist with trade ideas and portfolio analysis.
The company has recently expanded into mutual funds, signalling its ambition to evolve into a full-stack investment platform. With Singh at the helm, Pocketful is looking to ride the wave of India’s growing retail investor base and sharpen its competitive edge in the crowded brokerage space.
