Global IPTV subscriptions are expected to reach 102 million in 2018, with the fastest growth coming from Latin America and Africa and the Middle East, according to the a report by Pyramid Research.
“Latin America and Africa and the Middle East are the smallest IPTV markets globally, with a combined estimate of 2.3 per cent of global IPTV subscriptions at year-end 2013, or 901,000 and 1,432,000 subscriptions respectively,” says Leslie Arathoon, Research Director at Pyramid Research.
These regions will also be the fastest growing with IPTV revenue in Latin America growing at a CAGR of 56.1 per cent, far ahead of the growth rates of other regions. This is due to a projected rapid uptake of broadband services, including IPTV, in a region that previously had a low penetration rate. Africa and Middle East IPTV revenue will grow at the second fastest CAGR behind Latin America, at 22.1 per cent between 2013-2018, she notes.