openPR Logo
Press release

Pay TV Market Size Revenue to Increase to About $240.1 Billion By 2031: Adroit Market Research

02-07-2023 10:56 AM CET | IT, New Media & Software

Press release from: Adroit Market Research

Pay TV Market

Pay TV Market

Pay TV, commonly referred to as premium television or subscription television, is a type of digital television transmission in which viewers must pay a monthly subscription fee in order to access content. Movies, sports, and other specialised programming are just a few examples of content that are normally offered through pay TV but not accessible through conventional broadcasting techniques. Pay TV can also offer extra features that let users access and control material in a variety of ways, like video on demand (VOD), digital video recording (DVR), and interactive television.

Free Sample Report + All Related Graphs & Charts @

By 2031, the pay-TV industry is projected to be valued at USD 240.1 billion, growing at a CAGR of 1.6% between 2022 and 2031. Increased consumer spending and the cord-cutting movement, in which people switch from traditional cable or satellite TV subscriptions to streaming services, are credited with this surge. The desire for HD and 4K content, rising demand for on-demand content, and technological developments in services like streaming and VOD are all anticipated to contribute to the pay TV market's continued expansion. Due to its vast reach and range when compared to other technologies, the satellite TV technology sector is anticipated to dominate the pay TV market in terms of revenue over the forecast period. Over the course of the projection year, the advent of hybrid DTH technologies like HITS (Headend in the Sky) is also anticipated to increase the satellite TV market.

Due to rising disposable income, increased demand for video streaming services, and the increasing prevalence of smart homes, the residential application segment is anticipated to hold the lion's share of the Pay TV market over the forecast period. Additionally, increased access to broadband and fibre networks, government programmes to bring internet to rural regions, and the introduction of OTT (over-the-top) services are all projected to increase demand for pay TV. Geographically, North America's pay TV market is thought to be dominated by rising interest in streaming services like Netflix, Hulu, and Amazon Prime Video.
Furthermore, by giving viewers more options for content access, the development of advanced technologies like "headend in the sky" (HITS) and "over-the-top" (OTT) services has positively impacted the pay-TV business.

Browse the complete report @

In January 2022, providers of streaming services announced intentions to include cutting-edge technologies including artificial intelligence (AI) and pattern recognition into their offerings. The introduction of these cutting-edge technologies allowed providers to enhance the user experience and customise services to meet the needs of individual customers, which represented a
significant advancement in the pay-TV market. Major pay TV providers started offering subscription-based streaming services in March 2021, enabling subscribers to view content from a range of devices. This innovation marked a significant shift in the pay-TV industry by enabling users to access content without owning a set-top box.

New technologies like cloud-based services and artificial intelligence entered the pay-TV market in May 2020. With the help of these technologies, content providers are now in a position to deliver content more effectively and specifically to their customers. Pay TV companies like Comcast, AT&T, and Dish Network started promoting "unbundled" packages in October 2019. Instead of being compelled to buy the entire package, these packages let users choose the content they wanted access to.

Place a purchase order of this report @

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX 75204, U.S.A
Phone No.: USA: +1 9726644514

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pay TV Market Size Revenue to Increase to About $240.1 Billion By 2031: Adroit Market Research here

News-ID: 2917874 • Views: 118

More Releases from Adroit Market Research

Subscription and Billing Management Market Analytical Overview and Growth Opport …
A sort of software called subscription and billing management is used to speed up the payment process for companies that provide subscription services and depend on recurring payments. Subscription and billing management solutions automate the billing procedure to lower the possibility of errors, increase client satisfaction, and give companies access to comprehensive reporting tools. Businesses can customise subscription packages, automate billing, provide customer self-service options, manage subscriptions across various payment
Smart Office Solution Market Key Players, End User Demand and Analysis Growth Tr …
Innovative technologies called "smart office solutions" are created to optimise and enhance an office space's daily operations. They usually concentrate on automating repetitive processes, improving cooperation and communication, increasing staff productivity and workflow, and offering real-time insights into operational performance. The goal of smart office solutions is to help businesses save money and operate as efficiently as possible. They provide services that include cloud-based document management systems, CRM platforms, enterprise
Rewards and incentives Market 2023 Growing Rapidly with Modern Trends, Industry …
Rewards and incentives are expressions of appreciation and acknowledgement offered to people or groups to acknowledge their efforts, achievements, or performance. Rewards and incentives have the power to inspire workers, boost engagement, boost morale, and promote constructive behaviour at work. They may be given in the form of monetary awards or non-financial incentives like praise from others, promotions, extra vacation time, or other forms of remuneration. Rewards and incentives are
Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Dema …
The process of gathering and analysing information that is readily accessible to the public to produce intelligence that can be used to guide decisions is known as open-source intelligence (OSINT). Open-source intelligence is used to understand a company's or organization's operating environment, including its rivals, clients, suppliers, and potential threats. It is a technique for gathering intelligence that makes use of easily accessible and widely available data sources like the

All 5 Releases

More Releases for Pay

Mobile Payment Services Market 2022-2027: Onset of Advanced Technologies to Upsu …
The most recent research report on the Global Mobile Payment Services Market offers the collective study on the COVID-19 epidemic in order to give the latest data on the key attributes of the Mobile Payment Services market. This intelligence report comprises analysis on the basis of current situations, historical data and future projections. The study comprises several market estimates correlated to market size, revenue, production, CAGR, consumption, gross margin in
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard. Request a sample report @ Summary Samsung
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some
Electronic Payment Market Growth Insights to 2024 by Leading Players like Alipay …
Electronic Payment is a payment solution which is made through digital modes with no hard cash. In digital payment, both payer and payee use digital modes to send and receive money. Digital payment include payment gateway solutions, payment processing solutions, payment wallet solutions, payment security and fraud management solutions, and POS solutions. Scope of the Report: The global Electronic Payment market is valued at xx million USD in 2018 and is expected
Payment Landscape Market to 2024 By Key Players - Samsung Pay, Google Pay, Apple …
For people who are keen on the Payment Landscape Industry the Global Payment Landscape Market Trends, Competitive Analysis and Forecast Report 2019-2024 would be an useful report to refer to as it is an exhaustive study on the present market scenario of this industry. The report also gives a special insight into the growing United States, Europe, APAC, Middle East and Africa market of this industry. The report summarizes key
Payments Landscape in Australia Market Expected to Generate High Revenue in Futu …
Global Payments Landscape in Australia market report offers in-depth knowledge and analysis results and knowledge concerning Payments Landscape in Australia market share, growth factors, size, key drivers, restraints, opportunities, and trends valid by a mixture of specialists with correct data of the precise trade and Payments Landscape in Australia market further as region-wise analysis experience. The Payments Landscape in Australia report contains historical, current, and projected revenues for every sector,