Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "Pay TV Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The new report reveals insightful data on the Pay TV market's projected expansion from a current valuation of $207.26 billion in 2023 to $211.12 billion in 2024, marking a steady compound annual growth rate (CAGR) of 1.9%.
The analysis delves into the multitude of factors influencing this modest surge, from traditional cable TV's stronghold to the swift rise of direct-to-home (DTH) and fiber optic services, all catering to the growing consumer appetite for premium content.
The future seems even more promising with the Pay TV market size expecting to reach $234.2 billion by 2028, growing at a CAGR of 2.6%. The factors underpinning this incline include the burgeoning popularity of over-the-top (OTT) platforms, improved access to high-definition (HD) content, and integration with smart TV capabilities. The industry's development is particularly vivid with the advent of ultra-high-definition (UHD) and 4K services, indicative of the market's robustness.
Key Insights and Market Dynamics
- The demand for 4K and UHD content is on a sharp incline, suggesting a bright future for providers offering high-resolution content, protected via robust content security systems.
- Residential sectors are increasingly opting for Pay TV services to fulfill diverse entertainment needs, with a substantial growth in housing units supporting market expansion.
- Innovation and strategic developments play pivotal roles as major companies launch new platforms, such as Spotv, to cater to evolving viewer preferences.
- The adoption of new Pay TV models continues to redefine the market landscape, with providers like Azam Media Limited expanding their services to new territories.
- Acquisitions, such as 24i Media's purchase of Nordija A/S, exemplify the industry's consolidation and gearing towards simplified TVaaS models.
Geographically, North America maintains its status as the Pay TV market leader in 2023. The report encompasses a global scope, covering regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, as well as the Middle East and Africa.
The research provides comprehensive coverage of the Pay TV market, detailing postpaid and prepaid services, and the various technological segments including cable TV, satellite TV, and internet protocol TV (IPTV). It also offers insights into applications for both residential and commercial sectors.
This report is a critical resource for stakeholders and potential investors, delivering a thorough analysis of current market conditions as well as detailed anticipation of future market landscapes.
This forward-looking analysis serves as a testament to the dynamic nature of the Pay TV industry and is a benchmark for understanding its complex and ever-evolving ecosystem.
Companies Profiled
- Bharti Airtel
- DirecTV
- Foxtel
- Dish TV
- Comcast Corporation
- Rostelecom PJSC
- Fetch TV Pty Limited
- Tata Play Limited
- Tricolor TV
- Videocon d2h Limited
- Charter Communications Inc.
- Sky UK Limited
- Alliance Telecom Group
- Verizon Communications Inc.
- Altice USA Inc.
- DISH Network Corporation
- Carter Communications Inc.
- British Telecom Group
- Canal+ Group
- Sky Limited
- Liberty Global Inc.
- Shaw Communications Inc.
- Rogers Communications Inc.
- Bell Canada Inc.
- Telus Corporation
- SKY Brasil
- Televisa S.A.B. de C.V.
- Optimum
- Sling TV
For more information about this report visit https://www.researchandmarkets.com/r/3o9jvf
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