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FAST (Free Ad-Supported TV) Channels Market Size Detail Analysis focusing Market Segmentation like Type, Content Type, Distribution Platform

02-22-2024 08:28 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: Allied Market Research

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FAST (Free Ad-Supported TV) Channels Market

FAST (Free Ad-Supported TV) Channels Market

The FAST (free ad-supported tv) channels market was valued at $6.9 billion in 2022, and is estimated to reach $28 billion by 2032, growing at a CAGR of 15.4% from 2023 to 2032.

The increase in demand for free streaming content, the widespread availability of content variety, advertiser appeal, and improved technology and distribution drive the growth of the FAST (Free Ad-Supported TV) channels market. These factors collectively contribute to the increasing popularity and growth of ad-supported streaming services, providing viewers with a free alternative to traditional TV while offering advertisers a highly engaged audience for targeted advertising.

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FAST channels have emerged as a popular choice for viewers seeking free streaming television services supported by advertisements. These channels offer a curated selection of linear programming, seamlessly integrating pre-programmed ad breaks to monetize content and attract a wide audience. Brands across various industries leverage FAST channels to showcase their content and engage with consumers through targeted advertising. Leading providers such as Pluto TV, Xumo, Tubi, and others have established themselves as key players in the FAST channel landscape, delivering a diverse range of content to internet-connected devices like CTVs. Unlike subscription-based models, FAST channels offer programming at no cost to viewers, relying on dynamically inserted commercials during ad breaks.

These advertisements, often skippable and non-skippable, contribute to the sustainability of the platform while ensuring a seamless viewing experience. Moreover, the affordability of FAST channels makes them an attractive option for cord-cutters and budget-conscious individuals, providing access to a wealth of entertainment without the burden of monthly subscription fees associated with traditional cable or satellite TV services.

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Region wise, North America dominated the market in 2022 and is considered to be the fastest-growing region during the forecast period. This was attributed to the popularity of streaming services, demand for free content, increase in connected TV devices, shift in advertising budgets towards digital platforms. Furthermore, the proliferation of connected TV devices, such as smart TVs, streaming media players (for instance, Roku, Amazon Fire TV), and gaming consoles, has contributed to the growth of the FAST channels market.

The key players operating in the FAST channels market analysis include Roku, Inc., Pluto TV, Tubi TV, Crackle, Xumo, Inc., Sling TV, Vudu, Plex, Peacock TV LLC, and Amazon.com, Inc.

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Table of Content:
Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW
Chapter 4 : MICROSERVER MARKET, BY COMPONENT
Chapter 5 : MICROSERVER MARKET, BY FUNCTION
Chapter 6 : MICROSERVER MARKET, BY ORGANIZATION
Chapter 7 : MICROSERVER MARKET, BY APPLICATION
Chapter 8 : MICROSERVER MARKET, BY REGION
Chapter 9 : COMPETITIVE LANDSCAPE
Chapter 10 : COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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