Netflix occupies more than 60% of the entire video streaming website market.
Having a reach in more than 190 countries, the platform made more than 18 billion last year.Netflix has more than 150 million paid subscribers worldwide including 60 million alone in the US.If we calculate in numbers, one human life is just not sufficient to consume the entire content of Netflix.In just 50 seconds, global users of Netflix collectively watch 694,444 hours of content.Netflix takes a 26.6% share of the Global Video Streaming Traffic market (YouTube is 3rd in Position).
When we talk about video streaming and OTT platforms, Netflix is not the only single player. There are other major players in the market too like Amazon Prime, Hulu, Apple TV+, Disney Hotstar, Crackle, YouTube, Dailymotion, etc. So the completion is quite tough and content is the king!