LatAm, MENA to drive IPTV over next five years
Editor | 21-12-2013
The period through to 2018 will see rising growth of IPTV services with emerging markets, especially Latin America and the Middle East, as the driving force according to a new survey from Pyramid Research.
The latest in the Research in Focus: IPTV series of reports says the number of global IPTV subscriptions are expected to reach 102 million by 2018, with the fastest growth coming from the aforementioned regions despite their size. The former is expected to show growth at a CAGR of 56.1% between 2013 and 2018 while Africa and Middle East IPTV revenue is expected to grow at the second fastest CAGR behind Latin America, at 22.1% between 2013 and 2018.
“Latin America and Africa and the Middle East are the smallest IPTV markets globally, with a combined estimate of 2.3% of global IPTV subscriptions at year-end 2013, or 901,000 and 1,432,000 subscriptions respectively,” explained Leslie Arathoon, research director at Pyramid Research.
"These regions will also be the fastest growing with IPTV revenue in Latin America... far ahead of the growth rates of other regions. This is due to a projected rapid uptake of broadband services, including IPTV, in a region that previously had a low penetration rate."