SHANGHAI, Dec. 7, 2010 /PRNewswire/ -- Frost & Sullivan Best Practice Award - 2010 IPTV Equipment Vendor of the Year was presented to ZTE Corporation (ZTE) in the Internet protocol television (IPTV) equipment market in recognition of the company's remarkable efforts toward the development of the IPTV equipment market.
With the development of the global broadband market, IPTV content and application have become more important. As one of the latest broadband applications, IPTV has gained considerable attention around the industry. As Europe, Asia, and North America have started to experiment and telecast TV programs through the IP transmission network, the IPTV equipment market is likely to witness rapid growth.
In H1 2010, the global IPTV penetration rate was 7.8 percent. Revenues for the world IPTV equipment market increased from $0.45 billion in 2005 to $12.1 billion in 2009, with an average annual growth rate of 127.7 percent.
In terms of subscriber base, the world IPTV equipment market is expected to maintain a high growth rate in the next four years. Global IPTV subscribers are likely to increase to 62.0 million by the end of 2010 and 268.0 million in 2014, at a compound annual growth rate (CAGR) of 44.1 percent. Apart from the markets in Europe and the United States, the IPTV equipment market in Asia also has witnessed a gradual large-scale growth, especially in the south and East Asia. With the rapid growth in the number of IPTV subscribers, Asia has become the world's most important emerging IPTV equipment market.
ZTE has strong presence in certain regional markets such as Asia, South America, and the Middle East. Although competition in the IPTV equipment market is intense, ZTE ranked No.3 in the global IPTV middleware market due to its excellent technology, complete end-to-end solutions, and good relationships with broadband carriers. Meanwhile, with great progress in the emerging markets, ZTE ranked No.1 in the Asian and Chinese IPTV middleware markets in H1 2010.
Due to the advantages of complete end-to-end solutions, triple-play applications, and low operating cost, ZTE is likely to witness increase in its share in the European and North American markets. The company is also likely to meet carriers' demand for low operating cost during the economic crisis.
In conclusion, ZTE's continuous focus on R&D, significant dominance in the Asian IPTV equipment market, extensive resources of carrier clients, and customized invention can help meet clients' demands. In recognition of its remarkable efforts in the IPTV middleware market, Frost & Sullivan is honored to present ZTE with the Best Practice Award - 2010 IPTV Equipment Vendor of the Year.
Each year, Frost & Sullivan presents this award to the company that has carried out new research, which has resulted in innovations that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. This award recognizes the quality and depth of a company's R&D program as well as the vision and risk-taking tendency that enabled it to undertake such an endeavor.
Frost & Sullivan Best Practice Award recognizes companies in a variety of regional and world markets for their outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 33 offices on 6 continents. To join Growth Partnership, please visit http://www.frost.com.
Corporate Communications – China
P: +86 21 5407 5783 ext. 8652
F: +86 21 5407 5825
SOURCE Frost & Sullivan