Worldwide IPTV subscriptions are forecast to top 100 million in 2013 and hit 181 million in 2017, according to Pyramid Research.
The latest Research in Focus: IPTV, said that IPTV penetration is expected to increase across all regions and, as a share of global pay TV subscriptions, is expected to increase from 9.3 per cent in 2012 to 15.8 per cent in 2017. “IPTV subscriptions grew at an impressive compound annual growth (CAGR) rate of 40 per cent between 2008 and 2012,” said Pyramid Research associate analyst, Guillermo Hurtado.
”Between 2012 and 2017, Pyramid Research forecasts that global IPTV revenue will increase at a 16 per cent CAGR, reaching $44 billion (€34 billion) at the end of the period.”
According to Pyramid France and the US were the largest counties for IPTV in 2012, each having more than 10 million subscribers and accounting for a combined 53 per cent of the market.
But the Asia-Pacific region was the largest single IPTV market, accounting for 45.3 per cent (38.2m) of global IPTV subscriptions as of year-end 2012, the research firm said. Western Europe and North America had the highest penetration rates, at 14.4 per cent and 8.8 per cent, respectively, while in Latin America this stood at just 0.6 per cent and Africa and the Middle East 0.3 per cent.