Written by: Roshan Dwivedi
According to a recent study conducted by market analysis firm ABI Research, the worldwide Pay TV subscriber market grew by a steady 4% in 2014 and by year’s end reached a total of 923.5 million users.
This was achieved despite weak currency exchange rates causing a slower increase of Pay TV VoD service revenues although on the other side, the increased subscriber numbers also failed to boost said revenues as much as they could have. Nonetheless, the worldwide Pay TV market generated roughly $257 billion in revenues in 2014 and is now expected to surpass 1.1 billion subscribers by 2020 thanks to a predicted compounded annual growth rate of 7% over the next 5 years.
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