ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research announces the release of a new publication titled “IPTV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, which studies the emergence of internet protocol television. The report states that the global IPTV market is estimated to grow from US$24.94 billion in 2013 to US$79.38 billion in 2020, registering a strong CAGR of 18.1% between 2014 and 2020.
The research report segments the global internet protocol television market on the basis of type and geography. By type, the IPTV market is bifurcated into residential and enterprises, which is further fragmented into large, medium and small enterprises. In terms of geography, The IPTV market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Fuelled by falling IPTV subscription prices and expanding broadband penetration, Western Europe dominated the overall market for IPTV in terms of revenue generation in 2013, enjoying a 38% share of the total revenue that year. Asia Pacific is estimated to be the fastest growing regional segment of global IPTV market in the coming years, with South Korea, India, Indonesia and China being the largest contributors. The region of Asia Pacific excluding Japan is projected to register a CAGR of 21.1% during the forecast period of 2014 to 2020.
The growth of IPTV market can be attributed to surging demand for HD channels and video on demand, combining interactive services with IPTV services and government initiatives across the globe.
The IPTV market has numerous small and large competitors operating at domestic and international levels. These include Orange S.A., Broadcom Corporation, Deutsche Telecom, MatrixStream Technologies, Inc., Ammino Corporation, ARRIS Group, Inc., CenturyLink, Inc., Bharti Airtel Limited, AT&T, Inc, and Cisco Systems, Inc.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.