Research reveals the IPTV market is growing faster compared to cable and satellite TV.
The growth of the IPTV industry is attributed to surging demand for video on demand and HD channels. Government initiatives globally also contributed to this growth.
The latest report published by Technavio reveals the increasing demand for IPTV. According to this report states, the IPTV is expected to grow at a CAGR of over 20%. This makes it the fastest growing segment when compared to cable and satellite TV.
Technavio’s report emphasizes the increasing number of smart homes in developed nations such as the US and the UK.
Another research conducted by the Transparency Market Research shows that the global IPTV market is estimated to grow from US$24.94 billion in 2013 to US$79.38 billion in 2020.
Because of the falling IPTV subscription prices and expanding broadband penetration, Western Europe dominated the overall IPTV market in terms of revenue generation at 38% of the total revenue in 2013.
The Asia-Pacific region is estimated to be the fastest-growing segment of global IPTV market in the coming years. South Korea, China, Indonesia, and India are expected to be the largest contributors in this region. Excluding Japan, the Asia-Pacific region is projected to register a CAGR of 21.1% from 2014 to 2020.
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Our company, MatrixStream Technologies Inc., is the key IPTV services provider in the market today according to Transparency Market Research. We have customers in multiple countries and partners with IPTV providers all over the world.
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