IPTV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, NY -- (SBWIRE) -- 06/11/2018 -- The global IPTV Market is expected to reach US$79.3 bn by 2020. On the basis of end-user, the global IPTV Market is segmented into residential and Enterprise, of which the Enterprise segment is growing fast on account of a significant interest amount corporates to communicate with employees, improve training, and satisfy compliance requirements, all of which can be achieved through IPTV. Corporate entities such as Finance Hospitality, Healthcare, education, media, energy, and transport sectors are widely using IPTV services.
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According to the lead author of this report, "some of the key factors bolstering the growth of the IPTV Market is the growing demand for high-definition Channels, video on demand, and hybrid services, along with the IPTV services." The growing number of Facebook subscribers, declining cost of IPTV services, and supportive government initiatives for boosting Broadband penetration are some of the factors triggering the growth of the Global Internet Protocol television market.
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On the other hand, several developing nations and underdeveloped Nations do not have a proper infrastructure which field position. In addition to this will also the growth of the IPTV Market
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With the availability of broadband infrastructure and new video compression technology, IPTV provides a technological opportunity to broadcast live TV signals to any smart device and a television set through private broadband networks. Additionally, it provides a platform for telecommunication companies (telcos) looking for potential opportunity to foster its revenue beyond voice and data services.