Written by: Roshan Dwivedi
According to a new market research published by Credence Research, the Global Internet Protocol Television (IPTV) Market (commercial and residential) was valued at US$ 30.64 Billion in 2015 and is expected to expand at a CAGR of 13.0% from 2016 to 2023.
ihe Increasing penetration of internet based services is the major factor bolstering the IPTV market growth. As per the International Telecommunication Union (ITU), more than 40% of global population was using internet as of 2014, up from 16% in 2005. Further increase in the number of internet users will substantially spur the IPTV market growth in coming years.