IPTV Market to grow by USD 3.17 billion from 2022 to 2027
The IPTV market is expected to grow by USD 3.17 billion from 2022 to 2027. In addition, the growth momentum of
the market will progress at a CAGR of 20.04% during the forecast period, according to
Technavio. The rise in mobile and smart device adoption is notably driving the
IPTV market. However, factors such as Piracy and illegal streaming of content
may impede market growth. The market is segmented by component (hardware,
software, and services) and type (wired and wireless). We provide a
detailed analysis of 20 companies operating in the IPTV market, including
Cablehdtvs.com, KT Corp., LG Uplus Corp., Onnetsystems Korea Inc., and SK
Telecom Co. Ltd.
IPTV Market 2023-2027: Company Analysis
Cablehdtvs.com - The company offers internet protocol
television solutions such as a Korean IPTV box with 100 plus live streaming
Korean channels, unlimited sports channels, cartoon or kids dramas, and Video
On Demand or VOD Movies.
Market Dynamics
Key Driver
The rise in mobile and smart device adoption is a key factor driving
market growth. Smartphones, tablets, and smart TVs are gaining in popularity with the
increasing demand by users to be able to watch their favorite TV series,
movies, or other entertainment content on them. IPTV services are thus
increasingly desired because they make it possible for users to watch live
television, as well as several other features on their mobile or smart device,
thereby enabling them to meet the ever-increasing demands. In addition,
many multiscreen IPTVs allow subscribers to access content on multiple devices
at the same time, enabling them to watch live television on a smart TV, while
watching a movie on a tablet or a mobile phone. Hence, these factors are
expected to drive market growth during the forecast period.
IPTV Market 2023-2027: Segmentation
Component
- The hardware
segment is estimated to witness significant growth during the
forecast period. Physical components necessary for the delivery of
services including set-top boxes, IPTV radios, routers, switches, and
related network equipment are part of the hardware segment. Settop boxes
are a crucial component of this category because they enable customers to
access IPTV services on their television sets. This element will normally
be coupled to a broadband modem or router used for decoding and displaying
IPTV channels on the TV screen. Furthermore, the growth of this segment
will be strongly driven by factors like the growing demand for home
theater systems and a desire to enjoy high-quality videos and
audio. Hence, these factors are expected to drive market growth
during the forecast period.
Leave A Comment