DUBLIN--(BUSINESS WIRE)--The "Pay TV Market in South Korea: IPTV, Cable TV and Satellite TV" report has been added to ResearchAndMarkets.com's offering.
This market research report presents comprehensive information of the Pay TV market in South Korea: platforms (Cable, satellite and IPTV), providers (KT, SK Broadband, LG U+, Skylife, CJ, t-broad, etc.), subscribers (Digital, bundles, enterprise, UHD), products (Live TV, VoD, etc.), revenues (B2C, B2B) and revenue sources (Subscription charge, home shopping channel commissions, etc.)
It also analyzes how South Korean telcos who started late became leaders in the pay TV market and why cable TV provider's subscription, revenue and ARPU have been all declined.
As of June 2017, the nation has a total of 30,828,645 pay TV subscribers up by 5.7% from the same period last year, after steady increase by 6.6% on average per year from 2009 through 2016. Since the arrival of IPTV in 2009, cable TV subscription has steadily declined as more customers began to churn to IPTV, leading to the market share in subscription being held by three platforms - 45.3% by cable TV, 44.2% by IPTV and 10.5% by satellite. Although it was a late starter, IPTV is apparently closely trailing cable TV, which has long been unbeatable. Certainly closely enough to outpace cable TV by the end of 2017.
The total revenue of pay TV in the nation last year reached 5,163bn (US$ 4.29bn) up by 9.4% from the previous year, thanks to the outstanding performance of IPTV service providers. Last year, IPTV recorded a market share of 47% in sales, outstripping cable TV at 42% (and satellite TV at 11%) for the first time in eight years since its launch in 2009.
- LG U+
- SK Broadband
Key Topics Covered
1. Summary: Pay TV Market Overview in South Korea
2. Pay TV Services by Provider in South Korea
3. Pay TV Subscription in South Korea
4. Pay TV Revenue in South Korea
For more information about this report visit https://www.researchandmarkets.com/research/dr5ds4/pay_tv_market_in?w=4