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Free-to-air (FTA) Service Market is expected to reach US$155.8 bn by the end of 2024: MRRSE
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The EMEA free-to-air services market is currently being driven by the speedy rate of adoption of digital technologies. The popularity of digital broadcasting and video-on-demand services are creating an ample demand for FTA services across the world and especially in the EMEA region. The EMEA free-to-air services market is also specifically being driven by the increasing proliferation of IPTV. However, the EMEA free-to-air services market is currently being restricted by the growing scope of piracy that digitization brings with it. The high rate of piracy is denying revenue to multiple players within the market and several of them are taking precautions to protect themselves from this loss of revenue.
The EMEA free-to-air services market is expected to expand at a CAGR of 11.8% within a forecast period from 2016 to 2024, with regards to its value. At the end of 2015, the EMEA free-to-air services market was calculated at US$59.29 bn, and is expected to reach US$155.8 bn by the end of 2024.
Europe Poses Leading Demand for Free-to-air Services
Among the key regions within the EMEA free-to-air services market, Europe had held the top spot in 2015. Europe is also highly likely to continue leading the EMEA free-to-air services market over the coming years, primarily due to the earlier adoption of key services in the market. As a result, Europe holds a much larger presence of the leading players – especially digital broadcaster – in the EMEA free-to-air services market. The heavy demand for FTA services in Europe has created a massive scope of entry for providers of FTA services in the EMEA region. Germany has especially been a key contributor to Europe’s lead in the EMEA free-to-air services market over the recent past. All in all Europe is expected to show a very optimistic CAGR of 12.1% in the EMEA free-to-air services market, between 2016 and 2024.
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Cable Television Takes up Lion’s Share in EMEA Free-to-air Services Market
The EMEA free-to-air services market has been segmented on the basis of devices, into cable television, satellite television, mobile television, and radio. Of these, the market was dominated by cable television in 2015 by taking up close to three-fourths of the market’s total value. It is also expected that cable television will remain the leading segment in the EMEA free-to-air services market for the immediate future, owing to cheaper and easier access and an already high user population. On the other hand, although satellite television held the second spot in the EMEA free-to-air services market in 2015 in terms of value, it is expected to expand at the leading CAGR between 2016 and 2024. A lot of nations in Europe have already taken to adopting digital TVs, further promoting the development and demand for satellite TV FTA services. The shift to digital TVs has allowed users to gain a better video quality and the highly demanded HD channel services.
The list of leading players in the EMEA free-to-air services market in and at points till 2015, includes BT Group Plc., British Broadcasting Corporation, ITV Plc., Deutsche Telekom AG, RTL Group, ProSiebenSat.1 Media SE, Rai Pubblicità, Eutelsat S.A., Sky Plc., and Mediaset SpA.
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