UK pay-TV market to reach US$ 8.2bn by 2014
The UK pay-TV market will climb from US$ 6.2bn in 2009 to US$ 8.2bn in 2014, as IPTV grows at an "impressive" Compound Annual Growth Rate (CAGR) of 26% within the forecast period, according to a new report from Pyramid Research, the telecom research arm of Light Reading.
The UK communications market is described as one of Europe's largest and most dynamic markets, according to the report, which predicts that it will generate revenues of US$ 47.1mn in 2009. Like most mature European markets, it is expected to derive the largest growth, in absolute revenue terms, from mobile data and fixed-line broadband services, said Andrei Tchadliev, analyst at Pyramid Research and author of the report.
"However, it is expected that IPTV revenue will grow at a CAGR of 26 percent from US$ 75mn in 2009 to $237 million in 2014, while triple-play packages surpass double play, both contributing to the overall growth in the pay-TV market," he added. "The pay-TV market remains dominated by satellite provider Sky with close to 9.9mn subscriptions estimated for 2009, while IPTV remains concentrated to a small share of the market with only 4 percent of total pay-TV households choosing the service,"