However, Latin America is among the fastest-growing ones.
Without a surprise, the Asia Pacific region is the largest market for IPTV services. Other major factors include the government’s push for digitization in developing countries like India & technological advancements that have led to an increase in internet penetration even in remote areas. One of the major factors that are driving the growth of IPTV, and Internet-based video streaming solution is the combination of offerings by companies behind this revolution.
This figure is expected to rise even further by 2026 to an estimated 194.21 billion USD which is close to a CAGR of 18% for the period between 2021-2026. The rise of the OTT platform and IPTV for the delivery of content has transformed the way we consume streaming content.Īs per 2020 research reports, the market value of the Internet Protocol Television was valued at approximately 72.4 billion USD. The traditional channels for broadcasting video content, such as satellite or cable TV have taken a back seat and IPTV has occupied the front row.
The Internet Protocol TV (IPTV) is all set to be the next big thing in the video content industry.
