[ 170?+ Pages Research Report ]?Pay TV Market?to surpass USD 240.1 billion by 2031 from USD 204.2 billion in 2021 at a CAGR of 1.6% in the coming years, i.e., 2021-2031.?
Pay TV is television that? can only see after paying a charge, such as a satellite or cable television subscription. Pay television, commonly known as subscription television, refers to subscription-based television services offered by multichannel television providers, as well as digital terrestrial and streaming television. The most of pay television systems rely almost entirely on individual consumers’ monthly membership costs.
The global ?Pay TV Market is expected to register a notable CAGR of 1.6% by 2031
The market is being driven by increasing popularity for IBB (Integrated Broadband Broadcasting among service providers. Broadband and broadcast technology have made personalised services and mass content more accessible. Furthermore, the growing popularity of smart TVs has boosted industry growth.
? ? ??Global ?Pay TV Market: Segments
Satellite TV ?segment to grow with the highest CAGR during 2021-31
Based on Blockchain Type, the Global ?Pay TV Market is fragmented into Cable TV, Satellite TV and IPTV. Over the projection period, the Satellite TV segment is expected to develop faster. The growing desire for more networks, extra features, and more innovative channels is encouraging service providers to expand their service offerings. The present trend of watching live broadcasts of programming such as news and sporting events is continuing to drive satellite TV usage. The capability of satellite TV service providers to offer these services without bandwidth limits, as well as rising customer demand for high-quality watching experiences, are fueling the segment’s expansion.
Residential segment is anticipated to lead the market with the highest CAGR during 2021-31
By Application, the Global ?Pay TV Market is divided into Residential and Commercial. Residential segment accounted for the largest market share of the global ?Pay TV market. The main factor for this decent growth rate is the implementation of partial or total lockdown in many nations throughout the world.
Internet connectivity at low prices
Broadband, high-speed internet, and strong connected devices have enabled service providers to provide linear TV and Video-on-Demand (VoD) services anywhere and at any time. As a result, a new practise of downloading huge movies, such as certain TV series or programmes, has emerged. Customers are given the option of downloading their preferred material and watching it as and when they need it, guaranteeing customer happiness and retention. Mobile TV viewing has become more interesting as speeds improve. The more people, particularly younger viewers, utilise mobile devices such as tablets and smartphones, the more likely they are to acquire their programmes over the Internet.
With the advancement of Internet technology, the television industry has been exploring new methods to make television viewing more enjoyable and interesting. Companies that supply television services have realized that today’s customers want the freedom to pick when and where they watch their favourite shows or movies without having to pay extra for it. the opportunity to get affordable access to high-quality content from several service providers on a single platform The deployment of Integrated Broadband Broadcasting (IBB) and the growing demand of pay-TV services are gaining popularity among service providers. Broadband and broadcast technology have made personalised services and mass content more accessible. Furthermore, the growing popularity of smart TVs has boosted industry growth.
Piracy is a widespread issue that is costing the media industry revenue all around the world. It has progressed beyond duplicate content to pose a significant threat to operators, broadcasters, and content owners. Pirates are relying on the Internet’s speed, ease, accessibility, and, most crucially, anonymity to commit a number of crimes, including copyright violation.
Global ?Pay TV Market: Key Players
Airtel Digital TV
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
DISH Network Corporation
Dish TV India Limited
Charter Communications (Spectrum)
Xfinity (Comcast Corporation)
Other Prominent Players
Global ?Pay TV Market: Regions
Global ?Pay TV Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. During the projected period, North America is expected to develop at the fastest CAGR. The use of advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) in region to evaluate users’ watching treads and make personalised recommendations is encouraging more people to move to OTT platforms.
Impact of COVID-19 on Global ?Pay TV Market
The COVID-19 epidemic has a favorable impact on the pay-tv business. it has seen a significant rise in television viewership. Since the epidemic has driven individuals to stay at home, television viewing has increased.
Global ?Pay TV Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Russia, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, South East Asia, Australia, and Rest of Asia Pacific
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – GCC, Turkey, South Africa, and Rest of Middle East and Africa
Global ?Pay TV Market report also contains an analysis on:
Global ?Pay TV Market Segments:
Global ?Pay TV Market Dynamics
Global ?Pay TV Market Size
Supply & Demand
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Global ?Pay TV Market Report Scope and Segmentation
Market size value in 2021 USD ?204.2 billion
Revenue forecast in 2031 USD ?240.1 billion
Growth Rate CAGR of 1.6% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type , Applications, and? Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Airtel Digital TV, DirecTV, DISH Network Corporation, Dish TV India Limited, Foxtel, Rostelecom, Charter Communications (Spectrum), Tata Sky, and Xfinity (Comcast Corporation) and other prominent players.