Upcoming Industry Conferences
Streaming Media West [19-20 November 2019]
Live Streaming Summit [19 November 2019]
Past Conferences
Streaming Media East 2019 [7-8 May 2019]
Live Streaming Summit [7-8 May 2019]
Content Delivery Summit [6 May 2019]
Streaming Forum [26 February 2019]

StreamingMediaGlobal.com: Industry Announcements
View Press Releases
Add Your Press Release
StreamingMediaGlobal.com provides this section as a service to its readers and customers.


Press releases are subject to approval by the editorial staff of StreamingMediaGlobal.com and may be edited or altered for length and clarity, or to remove unsubstantiated and unverifiable claims.


All content presented within the press release section is that of the submitter. StreamingMediaGlobal.com does not necessarily endorse such content and bears no responsibility or liability for its accuracy.

Ovum says SVOD boom won’t wipe out Pay TV or Free-To-Air TV

Melbourne(12/10/2015) -

Australian subscriptions to streaming video on demand (SVOD) services – like Netflix, Presto and Stan - will grow by a factor of 17 between the end of 2014 and the end of 2019, according to new forecasts by Ovum.

“SVOD services have been growing rapidly in Australia since the entry of Netflix in May this year”, said David Kennedy, Research Director at Ovum.  “This has sparked strong competition from the Australian incumbents - the free-to-air and pay TV industries - that is driving takeup.”

Ovum forecasts show that SVOD subscriptions will rise from only 270,000 in December 2014 to hit 4.707 million by the end of 2019.

However, Ovum does not expect cannibalisation of the existing pay TV or free-to-air subscriptions, though there will be pressure on profitability as competition for content pushes up the cost of licensing.

“SVOD, pay TV and free-to-air are distinct consumer propositions that meet different needs. We expect SVOD to grow fast, but we also expect pay TV to maintain its dominance of sport and for free-to-air to remain popular because, well, it’s free,” Kennedy concludes. “Consumers will mix and match these different services”.

Television households and subscriptions in Australia, Ovum forecast

Year end data (000s)

2014

2015

2016

2017

2018

2019

 

 

 

 

 

 

 

OTT SVOD subscriptions

270

1,566

2,304

3,214

4,074

4,707

Pay TV subscriptions

2,559

2,644

2,724

2,836

2,931

3,031

IPTV subscriptions

84

90

108

170

232

290

 

 

 

 

 

 

 

FTA TV households

6,189

6,236

6,301

6,347

6,418

6,490

Total TV households

9,008

9,170

9,335

9,503

9,674

9,848

Source: Ovum. All figures are end of calendar year. All Foxtel on T-Box and Telstra TV, and some Fetch TV subscriptions, are included in SVOD. “FTA households are households where FTA remains the main source of TV content.

ABOUT OVUM

Ovum is a leading global technology research and advisory firm. Through its 180 analysts worldwide it offers expert analysis and strategic insight across the IT, telecoms, and media industries. Founded in 1985, Ovum has one of the most experienced analyst teams in the industry and is a respected source of guidance for technology business leaders, CIOs, vendors, service providers, and regulators looking for comprehensive, accurate, and insightful market data, research, and consulting. With 23 offices across six continents, Ovum offers a truly global perspective on technology and media markets and provides thousands of clients with insight including workflow tools, forecasts, surveys, market assessments, technology audits, and opinion. In 2012, Ovum was jointly named Global Analyst Firm of the Year by the IIAR.

Ovum is a division of Informa plc, one of the leading business and academic publishing and event organisers globally, headquartered in London. Informa is quoted on the London Stock Exchange.

Ovum
Editorial Contact:
Jennifer Duraisingam
+613 9601 6723
pr@ovum.com