According to new figures from ABI Research, the worldwide pay-TV market is expected to grow 5% in 2014, surpassing 924.4 million subscribers.
IPTV is expected to lead the growth, followed by satellite, while cable and terrestrial platforms are expected to slow down to around 3%, says ABI Research. Regionally, the Asian-Pacific and Latin American markets are the pace setters, with a combination of the two likely to add over 13 million subscribers in 2014.
However the cable TV market in North America is expected to decline approximately 1% in 2014. In 3Q 2014, major cable TV operators in North America lost over 400,000 TV customers, although cable companies are doing well in broadband.
Meanwhile the HD subscriber base also continues to grow.
“The worldwide HD subscriber base is growing on all pay-TV platforms. Approximately 57% of total pay-TV subscribers will be HD subscribers by 2019. ABI Research forecasts the global pay-TV market will generate US$324 billion in service revenues by 2019,” comments Khin Sandi Lynn, Industry Analyst.
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