Peek into the Future of IPTV
It has become obvious that IPTV is the future of entertainment, but what is the future of IPTV? It can be viewed from many different angles. Naturally, a few questions arise immediately, such as:
- What will the market size be?
- What will the global revenue be?
- Will it increase?
- What will be the leading regions?
- What new technologies are to be utilized?
Today we will reflect on those questions, and provide you with an overview of what will the future of IPTV look like. This will be based solely on historic data and current trends analysis, with no crystal balls.
Market Size and Forecasts
Ever since its launch, the market has been growing, and the future of IPTV is looking good. Many have thought that it will stop, especially with last year’s COVID-19 impact. However, the market has proven to be very solid and sustainable. It has continued its growth.
To quantify this, we have reviewed the data from 2020 and the latest market research reports. The global market was worth $70.5 billion, and with a CAGR of 19.5%, it is expected to hit $84.22 billion by the end of 2021. Furthermore, with a slightly lower growth rate (16%), the market should reach $152.3 by 2025. That is massive! To add further context, the IPTV market revenue is generated via sales of IPTV software, hardware, and related services.
The geographical analysis has proven that the current market leaders are Europe and North America. However, Asia Pacific has been established as the fastest growing IPTV market. Compared to Asia, Africa has got just a slightly lower growth rate, but it’s still growing rapidly.
Tech Advancements as a Driving Force for the Future of IPTV
The key factor in this business is of course the tech advancements. With technology being a part of everyday life, the demand for IPTV services is higher than ever. This relates to VOD more than anything. People enjoy binge-watching hours of VOD content. The latest trend is the fiber-to-the-home connection, which allows limitless bandwidth. With that comes the limitless experience. On the other hand, with busy lifestyles, some prefer to watch TV on the go. The new technologies allow smooth streaming everywhere. By utilizing the adaptive bit-rates, consumers can enjoy content with any internet connection.
MatrixStream takes pride in being one of the industry pioneers. We always strive to be innovative and set the trends. Therefore, if you are looking to launch your own IPTV service – let one of the market leaders help you along the way. Contact us today to find out more about how we can assist you in becoming the future of IPTV.