Internet protocol television (IPTV) is the distribution of television content over internet protocol networks. These internet protocol televisions are different from other conventional terrestrial, cable, and satellite television formats. IPTV offers the ability to stream the source media constantly. It delivers either stored video or live TV and is offered by the service providers. As IPTV delivers a video stream encoded as a series of IP packets, it enables the integration of PC, TV, home phone and wireless devices in order to offer these services anywhere and anytime. It can also be bundled with other IP services such as Voice over Internet Protocol (VoIP) and high-speed Internet access. Moreover, adoption of digital television in developing countries are increasing the demand of internet protocol television.
Market Dynamics
An increase in the adoption of 5G technology is expected to drive market growth during the forecast period. These advanced technologies leveraged multiple input and multiple outputs to ensure maximum utilization of network, reduced distortion, and high precision in signal transmission. In addition, heavy traffic from cloud-based libraries can easily be distributed owing to the high bandwidth capability of 5G technology. The demand for Ultra High Definition (UHD) television is increasing due to an increase in the adoption of 5G technology and these technologies are energy efficient and provide high-quality video content. For instance, according to Coherent Market Insight’s analysis, the sales of 4K UHD TV units have reached US$ 107 million in 2019 million from US$ 30 million in 2015. The 5G technology also provides ultra-high definition (UHD) viewing experience to the users, thus, in turn, increases the demand for the global IPTV market.
Increase in internet video advertising is expected to propel the global ITPV market growth over the forecast. Internet video advertising has gained significant traction in the market. It offers a broader and more expansive platform for business owners to market their products and services. Besides, it is more sophisticated and cost-efficient than conventional modes of advertising and marketing. Numerous brands in the market are opting for internet video advertising, in order to promote their products. Therefore, these factors are expected to propel the global IPTV market growth over the forecast period.
Market Taxonomy
This report segments the global IPTV market on the basis of end users and region. On the basis of end users, the global IPTV market is segmented into enterprises (small, medium and large enterprises) and residential. On the basis of region, the global IPTV market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key features of the study:
Detailed Segmentation:
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