Albany, NY -- (SBWIRE) -- 05/06/2016 -- The escalating demand for video on demand, high-definition channels, and the increasingly affordable costs of internet protocol television (IPTV) will fuel the global IPTV market substantially until 2020, says Transparency Market Research. A new report published by the market intelligence firm states that the global IPTV market is expected to exhibit a high double-digit CAGR of 18.10% from 2014 through 2020. The market, which approximated US$24.9 bn in 2013, will rise in valuation to touch US$79.3 bn by 2020. The TMR report is titled "IPTV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020."

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The report states that currently, there is no single firm that comfortably dominates the global IPTV market owing to the high degree of fragmentation in this space. The revenue generated by the IPTV market is shared by the many players that compete for a higher portion of the market's revenue across the supply chain. These include network providers, software solution providers, IPTV operators, and middleware providers. With competition only intensifying, it is expected that this space will remain thus for the next few years.

The global IPTV market is in the midst of constant evolution, making it difficult to sustain in the market without constantly adapting to new trends and launching innovative products. Among the companies that have gained a stronghold in the global IPTV market are China Telecom Corporation Limited, Orange S.A., AT&T Inc., NTT Communication, Deutsche Telekom AG, Verizon Communications, and Century Link.

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From the regional standpoint, IPTV has a high penetration rate in developed countries in North America and Western Europe, now making it imperative for companies operating in these regions to look outward for growth. In regions where IPTV penetration is high, companies are offering low-cost yet feature-loaded channel packages, which has caused the average revenue per user to increase.

High-speed broadband is a prerequisite for IPTV. With internet penetration rising considerably in the Asia Pacific region, the IPTV market is expected to gain more consumers. Asia Pacific is thus expected to show the highest growth rate in the global IPTV market. Growth will be fanned to a great extent with governments in countries such as India promoting digitalization.

Likewise, in the Middle East and Africa, the number of internet users has risen considerably over the past few years. The presence of supporting infrastructure makes it easier for IPTV players to launch their services in countries in Africa and the Middle East.

Moreover, the launch of IPTV services featuring interactive options, multi-screen services, and pure play IPTV will further widen the scope of the global IPTV market.

IPTV Market, by Type

Enterprises
Small Enterprise
Medium Enterprises
Large Enterprises
Residential

IPTV Market Revenue, By Geography

North America
Europe
Western Europe
Eastern Europe
Asia Pacific
Asia Pacific (excluding Japan)
Japan
Middle East and Africa
Latin America

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.