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Free-to-air (FTA) Service Market Statistics 2021: Key Factors behind Market’s Exponential Growth
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Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in digitization of broadcasting signals and increase in establishment of new channels are the major factors that drive growth of the market. In addition, surge in demand for adoption of internet protocol television (IPTV) fuels the market growth. However, geographical restrictions and government regulations hamper growth of the market. Furthermore, increase in internet usage and rise in mobile phone penetration are expected to provide lucrative opportunities for the global free-to-air (FTA) service market.
The market trends for global free-to-air (FTA) service market are as follows:
Notable developments in the free-to-air (FTA) service market:
Free-to-air (FTA) service market at a very fast pace all across the globe, owing to growth in adoption of advance technology such as artificial intelligence and machine learning among various industries. In addition, the market is very competitive so prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to increase their customer base. For instance, in June 2020, Next media solutions JSC partnered with German Bundesliga to broadcast Bundesliga matches for free in Vietnam to increase their viewers across the country.
North America expected to lead the market::
North America is expected to have the largest free-to-air (FTA) service market share during the forecast period, owing to growing adoption of free-to-air (FTA) services among developed economies such as the U.S. and Canada. Large number of free-to-air service providers are present in the region which are contributing in the market growth. In addition, Asia-Pacific is also expected to witness a significant growth during the forecast period, owing to high TV consumption and large proportion of people that listens to radio in countries such as India, China, and Singapore.
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Key benefits of the report:
This study presents analytical depiction of the global free-to-air (FTA) service market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global free-to-air (FTA) service market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the free-to-air (FTA) service market.
The report provides a detailed free-to-air (FTA) service market analysis based on competitive intensity and how the competition will take shape in coming years.
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