The Indonesian pay TV market is set to grow by more than US$130 million over the coming years.
According to GlobalData, the market will experience a compound annual growth rate (CAGR) of 5%, increasing from US$497 million in 2020 to US$633 million in 2025.
The report notes that while cable TV subscriptions will decline at a CAGR of 19% between 2020 and 2025, those losses will be offset by considerable growth in DTH and IPTV subscriptions.
Akash Jatwala, senior research analyst of Telecoms Market Data and Intelligence at GlobalData, said: “DTH will be the leading pay-TV service platform in Indonesia, in terms of subscriptions during 2020-2025, and will go on to account for 58% of the total pay-TV subscriptions by the end of 2025. IPTV, on the other hand, will see its subscriptions grow at a faster CAGR of 12% over the forecast period, primarily driven by the improving fixed broadband infrastructure in the country and growing adoption of multi-play packages with integrated IPTV service.
“Indovision will lead the Indonesia pay-TV services market, by subscription share through 2020-2025, led by its strong presence in the DTH segment while Telkom Indonesia will gain significant market share through the forecast period driven by huge subscription gains from its IPTV service segment.”
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20 June 2021 @ 13:38:00 UTC