IPTV subscriptions grew at an impressive compound annual growth rate (CAGR) of 40% between 2008 and 2012,” says Pyramid Research Analyst, Guillermo Hurtado, commenting on the company’s latest research findings.
”The three largest country-markets (China, France and the US) each had over 10 million IPTV subscriptions at year-end 2012 and together accounted for roughly 53% of the global IPTV subscription base.”
Asia-Pacific remains the largest IPTV market, accounting for 45.3% (38.2 million) of global IPTV subscriptions as of year-end 2012. “Between 2012 and 2017, We forecast that global IPTV revenue will increase at a 16% CAGR, reaching $44 billion at the end of the period.”
On a global basis, IPTV accounted for 9.3% of all pay TV subscriptions in 2012. Over the next five years, this number will grow by more than six percentage points to reach 15.8% in 2017.
All regions, with the exception of Africa and the Middle East, will see their proportion of IPTV subscriptions over total pay TV subscriptions increase by more than five percentage points in the 2012-2017 period.
“We expect the biggest increase to occur in the Asia-Pacific region (7.9%), as China Telecom continues to quickly expand its base,” said Hurtado.