IPTV Market Is Expected To Grow At A Formidable Rate Of Around 10% During The Forecast Period 2017-2027 | TechSci Research
Global IPTV market is expected to grow at a formidable rate of around 10% during the forecast period. The global IPTV market is driven by the growing demand for videos on service. Additionally, increasing internet proliferation and growing adoption of various smart devices such as smartphones, laptops, iPad, among others has drastically increased the online traffic. This in turn is expected to positively influence the market growth through 2027. Additionally, change in consumer behavior & demand has led to a shift from cable TV trend to internet streaming thereby positively influencing the market growth over the next few years. Besides, the sudden outbreak of pandemic COVID-19 has led to worldwide lockdown and has made people stay indoors. This has drastically increased the number of viewers streaming online videos and shows thereby fueling the market growth. Furthermore, ongoing technological advancements coupled with new product launched equipped with options of OTT, video calli...