2020 Vision: Global IPTV revenues forecast to reach $79.3B

Yet another report is circulating that sets high hopes for the IPTV industry, this one saying that 2020 revenues could exceed $79.3 billion, up from just $24.9 billion in 2013.

The report, from Transparency Market Research, said the market – expected to see a CAGR of better than 18% -- primarily is being driven by two factors, increasing broadband penetration and decreasing IPTV subscription prices around the world.

The report also notes rising IPTV subscription numbers globally as users look for new alternatives to cable and satellite delivered video entertainment.

APAC is forecast to become the fastest-growing market with China, India, South Korea and Indonesia pushing CAGR beyond 21% between 2014 and 2020.

The report also pointed to big gains in broadband penetration in Asia Pacific, Middle East and Africa, and Latin America, which helps in meeting the primary infrastructure requirements needed to deliver IPTV services.http://www.ooyala.com/videomind/blog/2020-vision-global-iptv-revenues-forecast-reach-793b