Written by: Roshan Dwivedi
Transparency Market Research in its latest survey on IPTV Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020, believes the market was valued at USD 24.94 billion in 2013 and is expected to reach USD 79.38 billion by 2020, growing at a CAGR of 18.1% from 2014 to 2020. Western Europe was the largest revenue contributor in 2013, accounting for almost 38% of the global IPTV market revenue. The growth is mainly driven by increasing broadband penetration and decreasing prices of IPTV subscription globally. IPTV market for Asia Pacific excluding Japan (APEJ) is estimated to grow at a CAGR of 21.1% from 2014 to 2020. China, India, South Korea and Indonesia are expected to be the major contributors to the market in the near future.
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