Asia Pacific excluding Japan (APEJ) is expected to lead global IPTV growth by developing at a CAGR of 21.1% from 2014 to 2020, according to a new market report published by Transparency Market Research.
Globally, the IPTV market is expected to reach a remarkable USD 79.38 billion by 2020 (growing at a CAGR of 18.1% from 2014), with China, India, South Korea and Indonesia expected to be the major contributors to the market in the near future.
China already has one of the highest numbers of IPTV subscribers worldwide and is expected to continue to see proliferation due to reduction in the service costs along with fast expanding broadband infrastructure and an ever-expanding middle class income group.
The market is poised to grow considerably due to increasing broadband penetration in Asia Pacific, Middle East and Africa, and Latin America. In 2013, Western Europe was the largest revenue contributor, accounting for almost 38% of the global IPTV market revenue.
Click here for booking and more info on Broadband and TV Connect Asia (12th-13th May 2015, Suntec, Singapore)