Iptv Market still increasing in Europe

Published on 2023-04-17

Iptv Market still increasing in Europe

Previously, the IPTV market was viewed negatively, but today it is growing exponentially. Here are all the data from the past year.

Allied Market Research published a new study titled “The IPTV Market is Expected to Reach $146.2 Billion by 2031.”

The report also aims to provide a strategic analysis of the entire market. According to the facts, the global market was valued at $59.7 billion in 2021 and is projected to reach $146.2 billion by 2031, growing at a rate of 9.5%.

This reflects users’ preference for watching television via internet streaming, causing demand to surge dramatically. For example, North America held the largest share in 2021, contributing to over one-third of the global market share for this type of television.

Iptv

The research provides a detailed segmentation of the global Internet Protocol Television market based on component, application type, vertical industry, and region.

Based on the vertical industry, the media and entertainment segment held the largest share in 2021, accounting for nearly two-fifths of the global market, and it is expected to maintain its leadership position throughout the forecast period. However, the IT and Telecom segment is estimated to grow by 11.6% during the forecast period.

The hardware segment held the largest share in 2021, representing nearly two-fifths of the global Internet Protocol Television market. However, it is expected to grow by at least 10.9% from 2022 to 2031 and is forecasted to maintain its leadership position throughout the forecast period.

A prosperous future is anticipated for this sector, and for now, the data looks very promising.

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