IPTV Market to grow by USD 3.17 billion from 2022 to 2027, Cablehdtvs.com, KT Corp., LG Uplus Corp., and more among key companies- Technavio

NEW YORK, Oct. 16, 2023 /PRNewswire/ -- The IPTV market is expected to grow by USD 3.17 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 20.04% during the forecast period, according to Technavio. The rise in mobile and smart device adoption is notably driving the IPTV market. However, factors such as Piracy and illegal streaming of content may impede market growth. The market is segmented by component (hardware, software, and services) and type (wired and wireless). We provide a detailed analysis of 20 companies operating in the IPTV market, including Cablehdtvs.com, KT Corp., LG Uplus Corp., Onnetsystems Korea Inc., and SK Telecom Co. Ltd. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information

IPTV Market 2023-2027: Company Analysis

Cablehdtvs.com - The company offers internet protocol television solutions such as a Korean IPTV box with 100 plus live streaming Korean channels, unlimited sports channels, cartoon or kids dramas, and Video On Demand or VOD Movies.

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Market Dynamics

Key Driver

The rise in mobile and smart device adoption is a key factor driving market growth. Smartphones, tablets, and smart TVs are gaining in popularity with the increasing demand by users to be able to watch their favorite TV series, movies, or other entertainment content on them. IPTV services are thus increasingly desired because they make it possible for users to watch live television, as well as several other features on their mobile or smart device, thereby enabling them to meet the ever-increasing demands. In addition, many multiscreen IPTVs allow subscribers to access content on multiple devices at the same time, enabling them to watch live television on a smart TV, while watching a movie on a tablet or a mobile phone. Hence, these factors are expected to drive market growth during the forecast period. 

IPTV Market 2023-2027: Segmentation

Component

• The hardware segment is estimated to witness significant growth during the forecast period. Physical components necessary for the delivery of services including set-top boxes, IPTV radios, routers, switches, and related network equipment are part of the hardware segment. Settop boxes are a crucial component of this category because they enable customers to access IPTV services on their television sets. This element will normally be coupled to a broadband modem or router used for decoding and displaying IPTV channels on the TV screen. Furthermore, the growth of this segment will be strongly driven by factors like the growing demand for home theater systems and a desire to enjoy high-quality videos and audio. Hence, these factors are expected to drive market growth during the forecast period. 

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Related Reports:

The Pay TV (Television) Market size is estimated to grow at a CAGR of 2.96% between 2022 and 2027. The market size is forecast to increase by USD 28.49 billion. 

The online movie market size is estimated to grow at a CAGR of 20.35% between 2022 and 2027. The market size is forecast to increase by USD 28,676.32 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio