Growing IPTV demand to boost the global residential gateway market
| 08 October 2015
Research from Technavio has highlighted the growing importance of IPTV to residential consumer electronics, especially routers.
The report predicts that the residential gateway market will grow at a CAGR of nearly 8% from 2015-2019, propped up by IPTV which itself is expected to grow at 20% over the same period, making it the fastest growing segment when compared to the satellite and cable TV segments.
"There are approximately 160 IPTV service providers worldwide, most of which are based in Western Europe and the APAC. Thus, growing adoption of IPTV is expected to foster the demand for residential gateways worldwide," commented report author Faisal Ghaus, VP of Technavio. "Although the concept of smart homes market is prevalent in developed markets, it is likely to flourish in developing countries in the forecast period."