Pay TV Market Emerging Trends and Competitive Landscape by 2030

According to the Market Statsville Group (MSG), the global pay TV market accounted for USD 182.8 billion in 2021 and is expected to reach USD 209.0 billion by 2030, registering a CAGR of 1.5% from 2022 to 2030. Pay TV is a system by which television programs are transmitted encrypted to those who have paid for it; hence it is called as subscription television. Pay TV includes local as well as premium content. Companies offering pay TV equipment demonstrate use cases that increase workplace productivity, efficiency, and compliance.

Advancements in the technology and trends are expected to generate opportunities for the pay TV market in the future. Video-on-demand (VoD), personalized content, and HD viewing are expected to improve and increase usage of pay TV. For instance, Pay TV operators in Nigeria have increased the number of viewing options for Nigerians in the last two years. It made global programming accessible, mostly live events such as entertainment and sports. An increase in demand for Internet Protocol television and a reduction in subscription cost are driving the global pay TV market growth.

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Global Pay TV Market Definition

A subscription to a television service from a cable, satellite, or phone company is known as pay TV. It's a television programming service that caters to both residential and commercial customers. Pay-TV is also known as subscription television or premium television. Movies, sporting events, news channels, and other programs are available on pay-TV.

Global Pay TV Market Dynamics
Drivers: Increasing demand of IPTV
Growing penetration of internet-based streaming services is boosting the market. The market is going through a paradigm shift from traditional broadcasting modes toward internet-based streaming, and Internet Protocol Television has a major role in this phase.

IPTV stores the programming on servers at the transmitting end, allowing users to request the content over the internet as per their time. IPTV services can be accessed from IP-enabled TV, mobile phones, PCs, and others and can be easily incorporated into a video-on-demand solution, increasing the demand for on-demand solutions.

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Restraints: Content Security
The main reason which is hampering the growth and usage of pay TV is the content security concern, it is due to high chances of piracy. The content broadcasted on pay TV is not secured and it is one of the main hurdles to the growth of the pay TV market. There are chances of unauthorized duplication of copyrighted content that is then sold at substantially lower prices in the 'grey' market.

Scope of the Global Pay TV Market
The study categorizes the pay TV market based on type and applications at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2030)
Cable TV
Satellite TV
IPTV
By Application Outlook (Sales, USD Million, 2017-2030)
Residential
Commercial
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
The cable TV segment is projected to account for the largest market share, by type
By type, the Pay TV market is divided into cable TV, satellite TV, and IPTV. In 2021, The cable TV segment was the highest contributor to the market, with a market share of 52.5% in the global pay TV market. Cable TV distributes television signals by coaxial or fiber optics cable. The growth of cable TV can be attributed to a simpler distribution of 8K and UHD picture quality by existing lines. Further, the increasing demand for TV sets, especially in rural areas, is boosting the demand for cable TV. DTH subscription is growing rapidly. There is a rising trend in a personalized experience, multiple functionalities, and premium television cable and DTH offerings in India.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global pay TV market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Worldwide, Asia Pacific is estimated to hold the highest CAGR of 2.8% in the global pay TV market during the forecast period (2022-2030). Asia-Pacific is the most lucrative region for the vendors in the Pay TV market mainly since digitalization is yet to penetrate entirely into the region. Hence, people still rely on television for video content.

Government investments and initiatives in emerging economies; increase in internet users; growth in demand for online content on pay TV. Several Asian-Pacific markets adopt new technology extensively, specifically in television and smartphones. The region is expected to emerge as the fastest-growing regional market due to comparatively lower internet rates and daily content upgrades, which ensures easier access to consumers.

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Key Market Players in the Global Pay TV Market
Market players are meticulously planning their strategies to maximize opportunities from the growing pay TV market. Key market players in the pay TV market use various strategies, including strategic collaboration, product launches, and partnerships. The growth of the pay TV market is fueled by the adoption of pay TV in the residential and commercial areas, as well as increased public awareness of the benefits of pay TV and its cost-effectiveness.

Major players in the global pay TV market are:

DirecTV
Xfinity (Comcast Corporation)
Charter Communications (Spectrum)
DISH Network Corporation
Rostelecom
Tata Sky
Airtel Digital TV
Dish TV India Limited
Foxtel
Recent Developments
In December 2020, DISH Network signed a new carriage agreement with Nexstar Media Group to allow its subscribers to tune in to Nexstar-owned programming, including news, entertainment, and sports.
In November 2020, Airtel Digital TV, the DTH arm of Telco Bharti Airtel, partnered with Vedantu, an online tutoring platform, to offer its customers with Mathematics and Science classes.
Key Issues Addressed
What is the market size by various segmentation of the pay TV by region and its respective countries?
What are the customer buying behavior, key takeaways, and Porter's 5 forces of the pay TV market?
What are the key opportunities and trends for manufacturers involved in the pay TV supply chain?
What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
What and how regulations, schemes, patents, and policies are impacting the growth of the market?
What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
The market player positioning, top winning strategies by years, company product developments, and launches will be?
How has COVID-19 impacted the demand and sales of pay TV in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

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Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
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This release was published on openPR.