Summary: From 2014 to 2020, the global IPTV market had a compound annual growth rate of 18.1%, and the total market value increased from $24.94 billion in 2013 to $79.38 billion in 2020.
IP&TV News cited a recent report from Market Research Transparency stating that the increasing demand for high-definition channels and video on demand has driven the development of the global IPTV market.
The report indicates that from 2014 to 2020, the global IPTV market had a compound annual growth rate of 18.1%, and the total market value increased from $24.94 billion in 2013 to $79.38 billion in 2020.
From a geographical perspective, the global IPTV market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. In 2013, Europe dominated the global IPTV market, with Western Europe being the largest source of revenue in this market, accounting for 38% of total revenue annually. Due to the decrease in IPTV subscription prices, improved user experience, and continuous development of infrastructure, the number of IPTV subscription users is constantly increasing in this region.
The report also predicts that in recent years, Asia Pacific will be the region with the fastest growth in IPTV services. From 2014 to 2020, the compound annual growth rate of the Asia Pacific region (excluding Japan) will reach 21.1%. Indonesia, India, South Korea, and China are key contributors. Due to the growing middle class, the continuous increase in broadband infrastructure, and the decrease in service costs, it is expected that China will have a significant increase in IPTV subscribers in the next five years.
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