Worldwide IPTV subscription figures are expected to top 100 million in 2013 and hit 181 million in 2017, according to new stats by Pyramid Research.
The latest Research in Focus: IPTV study, released this week, said that IPTV penetration is expected to increase across all regions and, as a share of global pay TV subscriptions, is expected to increase from 9.3% in 2012 to 15.8% in 2017.
“IPTV subscriptions grew at an impressive compound annual growth (CAGR) rate of 40% between 2008 and 2012,” said Pyramid Research associate analyst, Guillermo Hurtado.
”Between 2012 and 2017, Pyramid Research forecasts that global IPTV revenue will increase at a 16% CAGR, reaching US$44 billion (€34 billion) at the end of the period.”
According to Pyramid’s stats, China, France and the US were the largest counties for IPTV in 2012, each having more than 10 million subscribers and accounting for a combined 53% of the market.
However, the Asia-Pacific region was the largest single IPTV market, accounting for 45.3% (38.2m) of global IPTV subscriptions as of year-end 2012, the research firm said. Western Europe and North America had the highest penetration rates, at 14.4% and 8.8%, respectively, while in Latin America this stood at just 0.6% and Africa and the Middle East 0.3%.