Internet Protocol Television Market size to grow at a CAGR of 17.77% from 2022 to 2027, Market is segmented by component, type, and geography - Technavio
NEW YORK, May 29, 2023 /PRNewswire/ -- The internet protocol television market size is estimated to grow by USD 74,860.43 million from 2022 to 2027. Also, the growth momentum will progress at a CAGR of 17.77% during the forecast period. The market is segmented by Component (Hardware, Software, and Services), Type (Wired and Wireless), and Geography (North America, Europe, APAC, Middle East and Africa, and South America). The market share growth by the hardware segment will be significant during the forecast period. The segment contains the physical components required to provide IPTV services, which include set-top boxes, routers, switches, and other network devices such as Set-top boxes (STBs), Routers and switches, and other networking equipment. Also, the rise in mobile and smart device adoption notably drives the internet protocol television (IPTV) market growth. The proliferation of mobile and smart devices enables Internet protocol television(IPTV) service providers to offer new services and features that were not previously available. For instance, Sling TV offers apps for smart TVs, game consoles, and mobile devices, giving users easy access to their favorite shows and movies on their preferred devices. Download a Sample Report Now!
Information Services Market Insights -
Vendors: 15+, Including Aferian plc, Akamai Technologies Inc., AT and T Inc., Broadcom Inc., Chunghwa Telecom Co. Ltd., Cisco Systems Inc., Huawei Technologies Co. Ltd., Lex IPTV, Moftak Solutions, Necro IPTV, Orange SA, PJSC Rostelecom, SK Telecom Co. Ltd., Sterlite Technologies Ltd., Telefonica SA, Tellabs Access LLC, Telstra Ltd., Tripleplay Interactive Network Pvt. Ltd., VITEC, and ZTE Corp., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Component (Hardware, Software, and Services), Type (Wired and Wireless), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)
Internet protocol television market - Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Aferian plc, Akamai Technologies Inc., AT and T Inc., Broadcom Inc., Chunghwa Telecom Co. Ltd., Cisco Systems Inc., Huawei Technologies Co. Ltd., Lex IPTV, Moftak Solutions, Necro IPTV, Orange SA, PJSC Rostelecom, SK Telecom Co. Ltd., Sterlite Technologies Ltd., Telefonica SA, Tellabs Access LLC, Telstra Ltd., Tripleplay Interactive Network Pvt. Ltd., VITEC, and ZTE Corp.
Internet Protocol Television Market ? Market Dynamics
Major Trends -
Growth in demand for video-on-demand (VOD) is a major trend influencing the internet protocol television market growth.
With this technology, viewers will be able to watch movies, TV shows, and other content on demand without being tied to a broadcast schedule.
For consumers who want the flexibility to watch content on their own schedule, this is an apt feature.
And resultantly, many Internet protocol television(IPTV) service providers offer VOD services to attract new customers and retain existing customers.
Thus, rising demand for VOD services will boost the growth of the market during the forecast period.
Key challenges -
Piracy and illegal streaming are challenges impeding the IPTV market growth.
People who engage in piracy and illegal streaming do so to access content without paying.
As a result, legitimate IPTV service providers are missing out on potential revenue, which can affect their investment in new content and service improvements.
It can ultimately lead to poor service quality and negatively impact customer satisfaction and retention.
Hence, such challenges impede market growth during the forecast period.
Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!
The internet protocol television market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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Internet Protocol Television Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 17.77%
Market growth 2023-2027
USD 74,860.43 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
17.29
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 32%
Key countries
US, China, Japan, South Korea, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Aferian plc, Akamai Technologies Inc., AT and T Inc., Broadcom Inc., Chunghwa Telecom Co. Ltd., Cisco Systems Inc., Huawei Technologies Co. Ltd., Lex IPTV, Moftak Solutions, Necro IPTV, Orange SA, PJSC Rostelecom, SK Telecom Co. Ltd., Sterlite Technologies Ltd., Telefonica SA, Tellabs Access LLC, Telstra Ltd., Tripleplay Interactive Network Pvt. Ltd., VITEC, and ZTE Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Component
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global internet protocol television market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on global internet protocol television market 2017 - 2021 ($ million)
Exhibit 178: Validation techniques employed for market sizing
Exhibit 179: Information sources
13.5 List of abbreviations
Exhibit 180: List of abbreviations
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