The global cloud TV market grew by 10.5% in 2017, according to a new report from MarketsandMarkets. This growth was largely due to the increasing demand for over-the-top (OTT) services and the growing popularity of connected TVs.
North America was the largest region for the cloud TV market in 2017, accounting for 38% of the total market. Europe was the second-largest region, accounting for 27% of the market. Asia Pacific was the fastest-growing region, with a CAGR of 18.4% from 2017 to 2022.
The cloud TV market is expected to grow at a CAGR of 15.1% from 2017 to 2022, reaching a value of $28.3 billion by 2022. The key drivers of this growth are the increasing demand for OTT services, the growing popularity of connected TVs, and the development of 5G networks.
Here is the news article featured on Yahoo Finance.
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