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The following is the South Korea’s pay TV market is expected to reach 7.2 billion US dollars in 2025 From GlobalData recommended by recordtrend.com. And this article belongs to the classification: Internet TV.
According to a study by global data, while the TV market in other countries is still struggling in the face of growing demand for cable cutting, the pay TV service market in South Korea is on the rise, with the market value expected to reach $7.2 billion in 2025.
According to the Korea telecom operators country intelligence report released by GlobalData, the compound annual growth rate (CAGR) from 2020 to 2025 is 2.5%, mainly driven by the growth of IPTV service subscription and the overall growth of average revenue per user (ARPU). IPTV user base is expected to grow at the fastest compound annual growth rate of 2.6% and reach 19.8 million users by the end of 2025. On the other hand, the subscription volume of cable TV and direct to home service will decrease in the forecast period.
In terms of participants, KT, South Korea’s largest telecom provider, will lead the pay TV market and is expected to account for 31.7% of the total pay TV subscribers in 2020. KT will continue to maintain its leading position in the field of pay TV, which may account for 41% of the total number of IPTV subscribers by the end of 2020 due to its monopoly position in the DTH field and its strong foothold in the IPTV field.
“In the forecast period, the subscription volume of IPTV service will increase steadily, which is mainly due to the improvement of domestic fixed broadband infrastructure and the increasing popularity of multiple play packages integrated with IPTV service.” Aasif Iqbal, telecom analyst at GlobalData, commented on the South Korean telecom operator national intelligence report.
Source: rapid TV news * this article is compiled by the future media network. Read more: kisdi: South Korea’s pay TV service unsubscribe rate will reach 6.86% in 2017. GlobalData: China’s photovoltaic installed capacity is expected to reach 17.8 gigawatts in 2015. GlobalData: Global 5g access network ranking report in 2019 Huawei takes the lead in global data: covid-19 will not slow down 5g deployment global data: affected by the new epidemic, Apple’s game software and services rank at the bottom global data: the pharmaceutical industry’s Internet of things market is expected to reach 2.49 billion US dollars in 2020 global data: the most popular smartphone in the UK is iPhone Xglobaldata: sales list of global pharmaceutical companies in various treatment fields in 2014 GlobalData: Sales of H & M in China dropped 79% talking data: Ott application list in 2017 (with download) digital TV research: three quarters of pay TV operators will increase users in the next five years digital TV research: three quarters of pay TV operators will increase users in the next five years Daily: as of June 2018, the total number of Russian pay TV subscribers has reached 42.46 million, covering about 75%. LRG: 38% of U.S. households have Internet connected TV devices, data shows that global pay TV users increase, while income decreases
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