Video streaming set for explosive growth in India as Jio plans 5G roll out

In a socially distanced world, over-the-top (OTT) video and data consumption are witnessing a steep surge in India and led by Jio Platforms that has committed to launch an India-built 5G network in the next 12 to 18 months, the video-on-demand space is set for an explosive growth, according to a new report.

According to global market research firm PwC’s ‘Global Entertainment & Media Outlook 2020-2024,’ the Indian E&M industry is expected to grow at 10.1% CAGR to reach $55 billion by 2024.