In 2020 the IPTV market was valued at USD 72.24 billion, a growing trend that is expected to reach USD 194.21 billion by 2026, leading to a compound annual growth rate (CAGR) of 17.89%.
Undoubtedly, the digital ecosystem is moving at a frenetic pace without ceasing its flourishing and striking capacity to create new and more sophisticated ramifications. This is surely a process that logically brings with it a great deal of complexity for companies interested in developing service operations of this nature.
Moreover, the 24/7 technology developments in the current times have led to the growth of the IPTV market. The increasing availability of high-speed connectivity, the Internet, an incipient tendency toward fragmentation, the rise of streaming platforms, and smart TVs, are just some of the many factors that make IPTV's market share footprint grow stronger and stronger.
In addition, according to Mordor Intelligence metrics, the market CAGR is expected to be 17.89% over the next 5 years, results that reveal a clear paradigm shift in broadcasting traditional market structure models: A scenario where Internet-based broadcasts and IPTV play a leading role throughout this transition phase.
In the face of the ongoing technological developments, a bet is made on sustained penetration of Internet-based streaming services, expecting them to take a leading position in the market, responsibility that goes hand in hand with increasingly demanding users who expect to get a high-quality television experience.
Following this flow, Digital Video Broadcasting (DVB) standards take care of paving the way for a unified television approach. DVB is an open system that allows subscribers to choose different content providers and enables PC and television integration.
In response to the current scheme outlined, our partners at Piko TV take care of developing "simplified solutions for complex business". Applying a user-oriented approach that enables companies worldwide access to leading-edge technological advanced engineering solutions in the field of DVB and IPTV, while guaranteeing a sustainable and cost-effective lifecycle.
Due to the changing landscape surrounded by new trends, the emergence of players, and inevitable fragmentation, Piko TV offers a flexible system that constantly updates for the benefit of customers.
If you are interested in getting further information about Piko TV, go visit their website!