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Pay TV Market Size, Share, Trends, 2027 | Industry Analysis Report

Pay TV Market Analysis Report By Technology, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17617389  |  Published: September 2020  |  No of Pages: 175
Format: Electronic (PDF)  |  Industry: Consumer Services  |  Publisher: Grand View Research

Industry Insights

The global pay TV market size was accounted for USD 225.9 billion in 2019, growing at over 1.5% CAGR over the forecast period, 2020 to 2027. With the technical advancements, there has been the integration of predictive analytics solutions that have led to a rise in popularity of Over-The-Top (OTT). Owing to these advancements, pay TV service providers have diversified their offering. Various offerings include cost-effective internet connectivity, subscription rates at lower costs and customized channels. In addition, service providers are offering bundled packages with omnichannel accessibility. These factors have resulted in a rise in penetration of pay TV services across different age group.

Considering the increasing penetration of pay TV services, the adoption of Integrated Broadband Broadcasting (IBB) is gaining traction among service providers. Both broadband and broadcast technologies have made it easier to deliver personalized services and mass content. Moreover, increasing penetration of smart TV has further bolstered the market growth.

U.S. pay TV market 1

UHD TV helps broadcasters in offering quality services, thereby, gaining traction. Further, an increased number of houses having flat panel displays bolsters UHD penetration. With the declining prices, pay TV providers have reduced their spending on research and development. This has led to a rise in adoption of UHDTV services.

Owing to the increasing broadband penetration and high-speed internet connectivity, service providers are increasingly offering Video-on-Demand (VoD) and linear television services. This has led to increasing download activities of large video files like television programs. Customer also get flexibility concerning the time of download.

Technology Insights

By technology, the satellite TV category held the largest revenue in 2019. In addition, the rise in demand for bonus features and newer networks have resulted in service providers increasing their offerings. Further, the demand for high-quality content has increased in the recent past. Satellites are capable of offering high-quality content, which, in turn, drives the segment growth.

Global pay TV market

On the other hand, in 2019, the cable TV category also held a significant share in the market. This demand is influenced by the increasing preference for unbundled packages from consumers. Despite the growth, the future seems bleak for cable TV providers. A large number of cord-nevers are increasingly opting for other services than pay TV. In addition, major TV operators such as Comcast Corporation, DirectTV and AT&T Inc. have witnessed a significant reduction in their user base in the past few years.

Regional Insights

In 2019, North America held the largest share in the market by revenue. However, the region is witnessing decline owing to the increasing number of OTT platforms and internet-based entertainment. Increasing integration of machine learning and artificial intelligence are further encouraging users to switch to other platforms such as OTT platforms. In addition, service providers are forced to offer bundled packages at low cost, which, in turn, hampering their revenue.

On the other hand, in 2019, Asia Pacific accounted for more than 18% share in the market. IPTV is dominating the region owing to a rise in adoption of online subscription models. Rising pay TV penetration in countries such as China, Indonesia and India is attributing to the regional growth. In India, the Telecom Regulatory Authority of India (TRAI) has allowed users to pay only for what they watch. This factor has further bolstered the regional growth.

Impact of COVID-19

The outbreak of COVID-19 has positively affected the pay TV market. TV viewership has increased considerably in the times of COVID-19.  News viewing and children channels are dominating the current trend. The pandemic has forced people to stay home, which has led to a rise in TV viewership. As a large number of people are staying at home, it is expected that there would be certainly delayed in cord-cutting phenomena. However, the growth in pay TV viewership is projected to be for the short term only and with increasing streaming industry, there would be a significant decline in the pay TV viewership.

Pay TV Market Share Insights

Key service providers in the market are Foxtel, Comcast Corporation, DISH Network Corporation and DIRECTV. Service providers are aiming to offers customized content and a higher number of live telecasts. Live streaming of sporting events offers a lucrative opportunity for the market players to increase their user base. For example, DIRECTV has introduced a mobile application for iOS and Android. This application helps sports enthusiasts in better engagement with each other.

Report Scope

Attribute

Details

Base year for estimation

2019

Actual/Historical data

2016 - 2018

Forecast period

2020 - 2027

Market representation

Market revenue in USD Billion, subscribers in Million, and CAGR from 2020 to 2027

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, U.K., Germany, China, India, Japan, Brazil, Mexico

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to five analyst working days)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2020 to 2027. For the purpose of this study, Million Insights has segmented the global pay TV market report based on technology and region:

• Technology Outlook (Subscribers, Million; Revenue, USD Billion, 2016 - 2027)
    • Cable TV
    • Satellite TV
    • Internet Protocol TV (IPTV)

• Regional Outlook (Subscribers, Million; Revenue, USD Billion, 2016 - 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • MEA

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Ryan Manuel

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