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South Korean IPTV market to grow at a CAGR of 5% by 2020

According to a recent Orbis Research study,  IPTV Market in South Korea has increased decision making capabilities and enjoys highly effective counter strategies to gain competitive advantage. The research predicts the South Corean IPTV market to grow steadily at a CAGR of around 5% during the forecast period.

Increasing demand of video on demand services and rising fiber internet subscriptions are expected to drive the market growth over next four years.  The demand for on-demand OTT content such as live sports, reality shows, drama, sitcoms and children programs has been on high rise in South Korea in recent years, which is ultimately making vendors shift from linear broadcast to OTT platforms.

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