The Pay-TV Market will exceed USD 240.1 billion by 2031 from USD 204.2 billion in 2021 at a CAGR of 1.6% in the coming years i.e. 2021-2031. . Product Overview Pay TV is TV that can only be viewed after paying a fee, such as a satellite or cable TV subscription.
New York, June 30, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Pay TV Market: Segmented: By Type, By Application, And Region – Global Analysis of Market Size, Share & Trends For 2019– 2021 and forecast to 2031” – https://www.reportlinker.com/p06288808/?utm_source=GNW
Pay TV, commonly referred to as subscription television, refers to subscription television services offered by multi-channel television providers, as well as digital terrestrial and streaming television. Most pay-TV systems rely almost entirely on individual consumers’ monthly subscription fees.
Global Pay-TV Market Expected to Register a Notable CAGR of 1.6% by 2031
The market is driven by the growing popularity of IBB (Integrated Broadband Broadcasting among service providers). Broadband and broadcast technology has made personalized services and mass content more accessible. Additionally, the growing popularity of smart TVs has boosted the growth of the industry.
Global Pay-TV Market: Segments
Satellite TV Segment Expected to Grow with Highest CAGR in 2021-31
Based on the type of blockchain, the global pay TV market is fragmented into cable TV, satellite TV and IPTV. During the projection period, the satellite TV segment is expected to grow faster. The growing desire for more networks, additional features and more innovative channels is encouraging service providers to expand their service offerings. The current trend of watching live broadcasts of programs such as news and sporting events continues to drive the use of satellite television. The ability of satellite TV service providers to offer these services without bandwidth limitations, along with growing customer demand for high-quality viewing experiences, is fueling the expansion of the segment.
The residential segment is expected to lead the market with the highest CAGR in 2021-31
By application, the global pay-TV market is split into residential and commercial. The residential segment accounted for the largest market share of the global pay-TV market. The main factor behind this decent growth rate is the implementation of partial or full lockdown in many countries around the world.
Affordable Internet connectivity
Broadband, high-speed Internet, and powerful connected devices have enabled service providers to deliver linear television and video-on-demand (VoD) services anywhere, anytime. As a result, a new practice of downloading large movies, such as certain series or TV programs, has emerged. Customers have the ability to download their favorite material and watch it as and when they need it, ensuring customer happiness and retention. Mobile TV viewing has become more interesting as speeds improve. The more people, especially young viewers, use mobile devices such as tablets and smartphones, the more likely they are to acquire their programs from the Internet.
With advances in Internet technology, the television industry has explored new methods to make television viewing more enjoyable and interesting. Companies that provide television services have realized that customers today want the freedom to choose when and where they watch their favorite shows or movies without having to pay extra. the ability to affordably access high-quality content from multiple service providers on a single platform Deployment of Integrated Broadband Broadcasting (IBB) and growing demand for pay-TV services are gaining popularity among service providers. Broadband and broadcast technology has made personalized services and mass content more accessible. Additionally, the growing popularity of smart TVs has boosted the growth of the industry.
Increase in piracy
Piracy is a widespread problem costing media industry revenue dearly worldwide. It has progressed beyond duplicate content to pose a significant threat to operators, broadcasters and content owners. Hackers rely on the speed, ease, accessibility, and most importantly, anonymity of the Internet to commit a number of crimes, including copyright infringement.
Global Pay-TV Market: Key Players
Airtel Digital Television
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
DISH Network Corporation
Dish TV India Limited
Charter communications (spectrum)
Xfinity (Comcast Corporation)
Other top players
Global Pay-TV Market: Regions
The global pay-TV market is segmented on the basis of regional analysis into five major regions: North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Over the projected period, North America is expected to grow at the fastest CAGR. The use of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in the region to assess user treads and make personalized recommendations is encouraging more people to switch to OTT platforms.
Impact of COVID-19 on the Global Pay-TV Market
The COVID-19 epidemic is having a favorable impact on the pay-TV business. it experienced a significant increase in television viewership. Since the epidemic prompted people to stay at home, television viewing has increased.
The global pay-TV market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Russia & Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Southeast Asia, Australia and Rest of Asia-Pacific
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – GCC, Turkey, South Africa & Rest of Middle East & Africa
The Global Pay-TV Market Report also contains analysis on:
Global Pay-TV Market Segments:
Dynamics of the global pay-TV market
Size of the global pay-TV market
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the global pay-TV market report
Market size value in 2021 USD 204.2 billion
Revenue forecast in 2031 USD 240.1 billion
CAGR growth rate of 1.6% from 2021 to 2031
Base year for the estimate 2020
Quantitative Units Revenue in Million USD and CAGR from 2021 to 2031
Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Type, applications and region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Major companies featured Airtel Digital TV, DirecTV, DISH Network Corporation, Dish TV India Limited, Foxtel, Rostelecom, Charter Communications (Spectrum), Tata Sky and Xfinity (Comcast Corporation) and other top players.
Read the full report: https://www.reportlinker.com/p06288808/?utm_source=GNW
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