10 Best OTT Streaming Services in 2023

The consumption of entertainment content, especially videos, has undergone significant changes in the past decade. More and more people are turning to the internet for news, entertainment, education, and various other purposes. This shift has led to the exponential growth of the online streaming content market, which is primarily driven by Over-the-top (OTT) video technology. It is predicted that the OTT video services market will be valued at $247 billion by 2027.

As a result, businesses are capitalizing on this trend to enhance brand awareness and provide value to their target audience. This has led to a surge in the demand for reliable and secure OTT channels that can effectively host OTT streams.

Many companies recognize this opportunity and are developing OTT broadcasting services and platforms to monetize their video content and cater to the needs of their viewers.

Choosing the right OTT channel for your organization’s requirements can be a challenging task considering the wide range of options available today. In this article, we will first explain what is OTT platform and OTT streaming entail. Then, we will compare ten of the best OTT streaming platform services viewers used to access their favorite video content.

We will analyze and compare the top ten OTT platforms broadcasters use to host, manage, and monetize their online video libraries. Some platforms we will recover include Webnexs, Flicknexs, IBM Cloud Video, Brightcove, Vimeo OTT platform, Wowza, and more.

What are OTT Streaming Services?

OTT, which stands for “over-the-top,” is a method of media distribution that serves as an alternative to traditional satellite or cable television.

OTT technology is rapidly expanding its reach in media distribution. In fact, it has transformed our channels of media delivery to the point where most media is now transmitted to consumers over the internet. Some industry leaders even argue that there should no longer be a distinction between OTT and broadcast or cable TV.

OTT streaming services are applications or websites that viewers utilize to access their favorite programs and movies. These services can be accessed on various internet-enabled devices such as smart TVs, gaming consoles, computers, laptops, smartphones, and tablets.

Typically, OTT video streaming services employ the following methods to limit access to paying viewers:

TVOD: Viewers pay for access on a pay-per-view basis.

SVOD: Viewers enjoy unlimited on-demand access to the platform through a subscription.

AVOD: Broadcasters monetize their content by incorporating sponsored advertisements, making the content available for free.

The 10 Best OTT Streaming Services of 2023:

1. Netflix:

Netflix takes the crown as the ultimate streaming giant, providing an extensive library of movies, TV shows, and original content. With its user-friendly interface and personalized recommendations, Netflix has become synonymous with binge-watching. Whether you’re a fan of gripping dramas, thrilling documentaries, or light-hearted comedies, Netflix has something for everyone.

2. Amazon Prime Video: 

As a part of the Amazon Prime package, Prime Video offers a vast array of movies and TV series, including critically acclaimed originals like “The Marvelous Mrs. Maisel” and “Fleabag.” The added benefit of free and fast shipping for Amazon Prime members makes it a compelling choice for those seeking convenience and value.

3. Disney+: 

Disney+ brings the enchantment of Disney, Marvel, Star Wars, and National Geographic right to your screen. From timeless classics to the latest blockbusters, this streaming service is a must-have for fans of all ages. Dive into a world of nostalgia and explore the vast Disney catalog alongside exclusive series like “The Mandalorian” and “WandaVision.”

4. HBO Max: 

HBO Max stands out with its exceptional lineup of critically acclaimed series, award-winning movies, and captivating documentaries. Home to popular shows like “Game of Thrones” and “Succession,” this platform caters to those seeking high-quality storytelling and immersive viewing experiences.

5. Hulu: 

Hulu offers a diverse range of content, including current-season shows, classic favorites, and original series. Stay up to date with the latest episodes of popular TV shows or explore Hulu’s vast library featuring an extensive collection of movies, documentaries, and exclusive Hulu Originals.

6. Apple TV+: 

With its commitment to groundbreaking storytelling, Apple TV+ introduces viewers to an impressive lineup of original shows and movies. The service is seamlessly integrated into the Apple ecosystem, offering a sleek and intuitive user experience. Immerse yourself in captivating narratives brought to life by some of the world’s most renowned creators.

7. Peacock: 

Peacock, a product of NBCUniversal, grants access to an extensive catalog of TV shows, movies, and live sports events. Choose from a variety of subscription options, including a free tier, and embark on a journey through an entertainment wonderland that caters to every taste and preference.

8. YouTube TV: 

YouTube TV offers a unique approach to streaming, providing a vast selection of live TV channels alongside a cloud DVR feature. Stay connected to your favorite sports, news, and entertainment channels, all while enjoying the freedom of streaming on multiple devices.

9. ESPN+: 

Sports enthusiasts rejoice with ESPN+, a specialized streaming service that brings you a wide range of live sports events, original shows, and exclusive content. From thrilling matchups in basketball, football, and baseball to comprehensive coverage of international sports, ESPN+ ensures that you never miss a moment of the action.

10. Discovery+: 

Discover the wonders of the world with Discovery+, a streaming service that takes you on extraordinary journeys through nature, science, history, and more. Immerse yourself in captivating documentaries, explore the mysteries of the deep sea, witness the marvels of wildlife, and indulge in fascinating true crime series.

OTT Streaming Services Statistics

According to the latest reports, they expected the OTT subscribers base in India to reach 50 million by the end of 2023 from 45 million at present. 

The top five OTT services, according to the number of subscribers, are: 

• Netflix
• Disney
• Hulu
• HBO Max
• Amazon Prime. 

Hotstar leads as the leading OTT provider with 29 percent of subscribers. All these major OTT streaming services offer advanced features, UX, and subscription options that make them stand out from the crowd. Consequently, it is crucial to comprehend your needs and select the one that fits your requirements most appropriately.

Overall, the OTT streaming industry is constantly evolving, with new trends and technologies emerging all the time. As more and more consumers turn to streaming services for their entertainment needs, it’s clear that the future of TV is OTT.

Are you ready to take your streaming business to the next level? Are you looking for the best OTT Platform providers in 2023? Look no further, we’ve rounded up the best options on the market here. Let’s get started!

What is the OTT Platform?

OTT (Over-the-top) streaming services are becoming increasingly popular and have been embraced by broadcasters, content creators, and viewers alike. By providing access to content through the internet, these platforms have revolutionized the way we consume entertainment. From Disney Hotstar to Amazon Prime Video, there is an platform for everyone.

In 2023, there will be a host of providers offering white-label OTT solutions. Choosing the best OTT platform providers for your needs is no easy task. Adaptive bitrate streaming, HLS streams in multiple quality renditions, and self-host

How To Choose a Best OTT Service Providers

As the demand for video streaming services increases, selecting the appropriate OTT platform for your business needs becomes crucial. Therefore, when choosing an OTT platform, it is important to consider various factors such as features, streaming capabilities, scalability, support, and pricing. In particular, opt for a platform that provides the features and allows for scaling up as required. It is imperative to take streaming capabilities into account as this will influence how your audience accesses and views your content. It is essential to ensure that the chosen OTT platform provides dependable customer support and a reasonable pricing structure that fits within your budget.

Read More : Step by step guide to build an OTT platforms

9 Best OTT Service Providers in 2023

Webnexs – Best OTT platforms allow for OTT & live streaming

Webnexs is one of the best OTT (Over-The-Top) platforms, offering businesses a customizable streaming channel that is secure, compatible, and reliable. It also has monetization models for generating better revenue opportunities and a highly scalable video content management system that can stream videos with geographical restrictions. It offers an enterprise video content management channel for resolving challenges related to video hosting, sharing, managing, and streaming.

Features

• White-label Video Streaming
• Video Monetization Methods – SVOD, AVOD, TVOD
• Content Management System(CMS)
• Multi Bitrate Streaming(MBR)
• Content Delivery Networks(CDN)
• Advanced-Data analytics dashboard
• Security features such as DRM, SSO
• HTML 5 Video Player
• API Integration
• SDKs for both android and ios
• M3U link support
• 1000+ live TV streaming via M3U
• Live Streaming for artists
• Live events
• Series and Episodes Streaming
• Native Andriod, iOS apps
• OTP based TV apps
• Multi-tenant deployment.
• 100% Customisation available
• 100+ Setting options etc.

Pros 

• Easily affordable to all types of users
• Very easy to use

Cons 

• No cons to point out

Flicknexs – SaaS-based video streaming solution

It is a renowned SaaS-based video streaming solution that provides professional and consumer users with an easy and convenient platform to distribute, manage and publish video content. Featuring elements such as a Content Delivery Network (CDN), video monetization features, and a comprehensive analytics dashboard. Professionals and casual users alike use this platform and is renowned for its reliability and robustness.

Features

• White-label Video Streaming
• Video Monetization Methods – SVOD, AVOD, TVOD
• Content Management System(CMS)
• Multi Bitrate Streaming(MBR)
• Content Delivery Networks(CDN)
• Advanced-Data analytics dashboard
• Security features such as DRM, SSO
• HTML 5 Video Player
• API Integration
• SDKs for both android and ios

Pros 

• Easily affordable to many users
• Very easy to use

Cons 

• Literally, no cons to point out.
• The servers are standalone, which is set for the costing provided.
• However there is also option to host on AWS or on any elastic servers.

Dacast – Over-the-top platform solution for video monetization

Dacast is one of the best Over-the-top platforms available, offering a reliable and secure streaming service at an affordable price. With no contracts required and ad-free broadcasting options, as well as white-label services and complete customer support, it provides an unbeatable solution.

Features

• Ad-free streaming without any interruptions
• Video analytics to know users’ behavior
• White-label video streaming
• 100% complete ownership
• Enhanced security features
• 24/7 customer support
• RTMP encoder
• HLS support
• Powerful video analytics
• Different video monetization options

Pros

• Quick and responsive customer support
• Live streaming recording feature

Cons 

• Only designed especially for professionals, not for beginners

Kaltura – Over-the-top platform for enterprise brands

Kaltura is one of the best Over the top platforms available for enterprise brands and larger institutions. It offers SaaS-based solutions for developing media-oriented OTT software for lecture capture, virtual classes, and secure webinar hosting. Seamlessly integrates with existing CMS platforms and is perfect for seminars, courses, and eLearning experiences. It offers both live streaming and on-demand videos for registration or invitation-only events, and it comes with a 30-day free trial. They listed prices upon request.

Features :

• Video player customization options
• Learning management system(LMS) for an online class
• Analytics
• API and SDK access
• Caption and translations

Pros 

• Themes and tool options for customization

Cons 

• It will not support any third-party tool integration for monetization

Brightcove – Leading Over-the-top platform software provider

Brightcove is an established Over-the-top platform, software provider, and media network for enterprise applications. With technology, streaming across various screens, users and devices is easy with no buffering or hiccups. Its centralized media cloud provides a variety of services that meet the needs of your business, including live streaming, monetization, marketing, encoding, and analytics. Besides these features, Brightcove also offers contract-based ad placement services to further monetize content. This platform is the go-to option for businesses looking to make money off their videos.

Features:

• HTML 5 Video Player
• Analytics Dashboard
• Video monetization
• DRM Security features
• CRM integration

Pros 

• Safe and secure platform
• Not suitable for beginners

Cons

• Very Expensive
• Ineffective Tech Support

Vidyard – Leading on-demand video platform for software tools

It is the leading On-Demand video platform for hosting online videos on a large scale. With an extensive list of features like unmatchable player connectivity and customer service, as well as support for corporate communications, marketing, and sales, It is one of the best OTT platforms out there. It can also record and send personalized videos with ease. Whatever your business’s needs are, Also it has the tools to help you capture more leads and provide better customer satisfaction for your customers!

Features:

• AI-based Captioning service
• AES and DRM Security options
• SDKs for Android and IOS apps
• Full API Video Integration
• Customer Support
• Adaptive video player  

Pros 

• AI-based captioning feature
• Video monetization option

Cons 

• Some features are available only at a higher price plan 

JW Player – Complete Video Platform for elearning

It is one of the best OTT platforms available today. It is a feature-rich, end-to-end video streaming service that enables users to easily import, control, and distribute videos. With its powerful multi-CDN network POPs located around the globe, ensures efficient distribution everywhere. As a result, it is trusted and used in over 130 countries for its reliable CDN solutions and seamless video streaming experience. In addition, its smart recommendation engine allows viewers to access engaging content in real time.

Features:

• Geoblocking
• DRM Support
• Monetization Option – only AVOD
• Analytics
• Multiple screening

Pros 

• Adaptive bitrate streaming
• Effective Content delivery network to reach globally

Cons 

• Does not support subscription-based and transaction-based monetization model

Wowza – Video platform to build a reliable streaming

It is one of the best OTT platforms out there. Founded in 2005, it offers both OTT and live streaming services, with customizable video players that support streaming on all devices. It’s especially well known for its Wowza Streaming engine, used for self-hosting video, as well as its Wowza Cloud solution for video streaming.

Key Features:

• Cloud Transcoding
• White-label video streaming
• HTML 5 video player
• Wide security options like DRM, SSL
• Customer support
• Adaptive Bitrate streaming

Pros

• It is mainly suitable for bigger enterprises

Cons 

• No monetization support
• No analytics support

Vimeo – Complete OTT Platform Provider with Subscription Service

I widely considered Vimeo to be one of the best OTT platforms available in the U.S., boasting over 200 million users and offering high-quality streaming services. It is popular for hosting a large selection of Oscar-nominated and award-winning films, TV episodes, and movies. Vimeo enables creators to keep over 90% of their income after processing costs are deducted.

Key Features:

• Full-HD quality
• All-device video player
• Adaptive bitrate streaming
• Privacy tools
• Embed to any website
• White-label service

Pros 

• Safe and secure platform
• Most reliable platform
• Unlimited number of inputs

Cons 

• No Cons to mention

Setplex

Setplex is a company that offers a comprehensive platform for IPTV and OTT (over-the-top) streaming solutions, including live and on-demand video streaming, as well as end-to-end solutions for content management, delivery, and monetization.

Key Features:

• Allows users to stream live events and video-on-demand content seamlessly.
• It offers solutions for content management, delivery, and monetization, making it a one-stop-shop for streaming needs.
• Compatible with a wide range of devices, including iOS and Android smartphones, tablets, smart TVs, and streaming boxes.
• Allows users to customize the user interface of their streaming platform to match their brand or preferences.
• It provides detailed analytics, including data on views, engagement, and revenue.

Pros:

• Comprehensive platform for IPTV and OTT streaming solutions
• Multi-device compatibility
• Customizable UI
• Provides detailed analytics

Cons:

• May be more suitable for larger businesses rather than individuals or small businesses.
• The pricing may be higher compared to other streaming solutions.

Pivotshare

Pivotshare is a company that enables creators to monetize their video content through a subscription-based model or by selling individual videos. They also offer live streaming capabilities and tools for audience engagement.

 Key features:

• Creators can choose to monetize their content through subscriptions or by selling individual videos.
• Allows for live streaming capabilities, making it suitable for live events or performances.
• Creators can customize the look and feel of their video player and platform to match their brand or preferences.
• It provides tools for audience engagement, including commenting and social sharing features.
• Offers detailed analytics, including data on views, engagement, and revenue.

Pros:

• Offers multiple monetization options
• Customizable branding
• Provides engagement tools
• Provides detailed analytics

Cons:

• May not be suitable for businesses with a large volume of content or viewers.
• Pricing may be higher compared to other streaming solutions.

IBM Watson Media

IBM Watson Media provides live and on-demand video streaming services for enterprises and organizations. 

Here are some of its features:

• Allows users to customize the look and feel of their video player to match their brand or preferences.
• Enterprise-level security features, including DRM (Digital Rights Management) protection and access control.
• It provides detailed analytics, including data on views, engagement, and revenue.
• IBM Watson Media integrates with other IBM products, such as IBM Cloud Video Streaming and IBM Video Analytics, to provide a comprehensive video streaming solution.

Pros:

• Provides enterprise-level security features
• Integrates with other IBM products
• Provides detailed analytics
• Customizable video player

Cons:

• May be more suitable for larger businesses rather than individuals or small businesses.
• Pricing may be higher compared to other streaming solutions.

Brid.TV

Brid.TV is a video platform that offers advanced video player technology, monetization options, and content management tools. They also provide live streaming capabilities and customizable video players.

 Here are some of its features:

• allows users to customize the look and feel of their video player to match their brand or preferences.
• It offers multiple monetization options, including advertising, pay-per-view, and subscriptions.
• Offers live streaming capabilities for events or performances.
• Provides detailed analytics, including data on views, engagement, and revenue.
• Compatible with a wide range of devices, including iOS and Android smartphones, tablets, smart TVs, and streaming boxes.

Pros:

• Customizable video player
• Offers multiple monetization options
• Provides detailed analytics
• Offers live streaming capabilities
• Multi-device compatibility

Cons:

• May be more suitable for businesses with a larger volume of content or viewers.
• Pricing may be higher compared to other streaming solutions.

Muvi

Muvi is a leading provider that offers a comprehensive and customizable OTT platform solution. You can create a unique streaming experience tailored to your brand identity. The platform provides complete control over the look and feel of your streaming service, from the user interface design to the player appearance. Muvi also offers a range of monetization options, including subscriptions, rentals, and digital purchases, allowing you to implement revenue models that align with your business goals. With its video hosting and transcoding capabilities, Muvi simplifies content management, ensuring compatibility across devices and platforms. Additionally, Muvi provides multi-language and multi-region support, enabling you to cater to a global audience.

Features:

• Fully customizable OTT platform for complete branding control.
• Monetization options, including subscriptions, rentals, and purchases.
• Video hosting and transcoding for efficient content management.
• Multi-language and multi-region support for global distribution.
• Analytics and reporting for audience insights.

Pros:

• Extensive customization possibilities for branding and design.
• Comprehensive monetization options.
• User-friendly interface and easy setup process.
• Scalable infrastructure for growing businesses.
• 24/7 customer support.

Cons:

• Limited advanced features compared to some competitors.
• Additional costs for higher bandwidth and storage requirements.
• Integration with some third-party services might be challenging.

With a plethora of OTT streaming services on the market, there are abundant entertainment opportunities to explore.

The Over-The-Top (OTT) streaming industry is a rapidly growing medium of video consumption, driven by advancements in technology. This dynamic industry has experienced an explosive growth trajectory, with revenues surging from $6.1 in 2010 to an astronomical figure in 2021, creating many opportunities for content creators and providers alike.

Industry experts predict that the revenue from OTT media will continue to soar, with estimates reaching a whopping $159 billion by 2024. The United States is currently the largest Subscription Video-On-Demand (SVOD) market globally, and it is expected that an additional five million subscribers will join various OTT channels by the end of 2025.

However, with the rise of new and innovative OTT providers, major players such as Netflix and Amazon Prime may face stiff competition and experience a slowdown in growth.

It’s fascinating to note that they valued the World OTT market at $110 billion in 2018, and analysts speculate it will reach a staggering $439 billion by 2026, a testament to the industry’s rapid evolution and endless possibilities.

How to start your own OTT platform

Starting your own over-the-top (OTT) platform can be a daunting task. With the rise of streaming services and the growing demand for on-demand content, it’s no wonder that many entrepreneurs are interested in starting their own OTT platforms. However, building an OTT platform requires a lot of planning, resources, and a clear understanding of the market. In this article, we’ll go over the key steps to starting your own OTT platform and how to make it successful.

Identify Your Target Audience

Before you begin building your OTT platform, it’s important to identify your target audience. Who are you creating this platform for? What kind of content do they want to see? Conduct market research to understand your target audience’s needs and preferences. This will help you tailor your content and marketing strategies to attract and retain your audience.

Choose Your Content Strategy

Once you’ve identified your target audience, it’s time to decide on your content strategy. Will you offer original content, licensed content, or a mix of both? How often will you release new content? Your content strategy should align with your target audience’s preferences and the goals of your platform.

Determine Your Monetization Strategy

Now that you have a clear idea of your content strategy, it’s time to decide on your monetization strategy. There are several ways to monetize your OTT platforms, such as subscription-based models, pay-per-view, and advertising. Choose a monetization strategy that aligns with your goals and target audience’s preferences.

Build Your Platform

Once you have a clear understanding of your target audience, content strategy, and monetization strategy, it’s time to build your platform. This involves selecting a platform provider, designing the user interface, and integrating the necessary features such as a video player, content management system, and payment gateways

Find the Best OTT platforms for you

Having explored various alternatives for finding the ideal OTT solution, it’s time to begin experimenting with them. Although each option has its unique strengths and limitations, you now have a clearer understanding of which one would best serve your creator business and facilitate its growth.

With an abundance of options at your disposal, the potential for creativity in your content is limitless. Collaborating with the right partner can help you captivate your audience’s interest and offer an exceptional viewing experience that fosters customer loyalty and boosts your revenue.

You can experience the value that Webnexs has to offer by trying it out for a free demo. This will provide you with an accurate perception of the benefits you can enjoy by partnering with Webnexs.

Conclusion

Are you looking for an OTT platform provider that meets all of your professional broadcasting needs? Before selecting a provider, take time to research and compare features among several providers. Make a list of must-have features to reach your goals and then compare them to what the top competitors offer. By doing this, you can find the perfect platform provider for all of your needs!

Do you want to stand apart from your competition? Webnexs are the perfect option for you. They help to create an amazing online video platform, complete with 100+ streaming features and monetization models. Interested? Schedule a demo session!

Frequently Asked Questions