Global IPTV Market to Reach $117.1B by 2025 Due to Surging Demand
The global IPTV marketing is experiencing high growth, with a compound annual growth rate (CAGR) of 13.7 percent. According to Grand View Research, the global IPTV market will be worth $117.1 billion U.S. by 2025.
The reason for the surge is simple: People love app-based online entertainment services, and they want more. The telecoms have noticed and are adding IPTV services to their offerings. That growth in demand is leading to improvements in compression, transmission, and watermarking. Telecoms will work with TV manufacturers to create TVs with built-in set-top boxes. Grand View expects strong growth in India, where the government has begun digitizing cable TV and direct-to-home services.
Look for strong growth in subscription entertainment services, which will see an 11.1 percent CAGR through 2025. The Asia-Pacific region will have the most IPTV subscribers, showing a CAGR of 8.0 percent through 2025. However, the highest CAGR will be in Latin America, where a shift from digital terrestrial TV to IPTV and cable will lead to a rate of over 21.0 percent.
The rise of IPTV will be felt most acutely by traditional pay TV companies. Cable companies will need to diversify their offerings, adding IPTV options alongside their usual packages, for example.
By the year 2021, more people will have a mobile device than have running water. Live video especially is poised for strong mobile growth.
France's Orange will use Dailymotion to create video markets in areas where it's not a service provider.
With over-the-top devices growing in popularity, IPTV operators look for ways of working with the new competitor.