Global Internet Protocol Television (Iptv) Market to Cross the Us$ 80 Bn Mark by 2023 – Credence Research

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According to a new market research report published by Credence Research “Internet Protocol Television Market (End-user – Commercial and Residential) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”, the global internet protocol television (IPTV) market was valued at US$ 30.64 Bn in 2015 and is estimated to expand with a CAGR of 13.0% from 2016 to 2023.

Browse the full report at http://www.credenceresearch.com/report/internet-protocol-television-iptv-market

Market Insights:

Internet protocol television (IPTV) refers to television service that is delivered through internet over an IP-based network. The television signal is transmitted using a broadband internet connection which provides more efficient data transmission as compared to the traditional television broadcasting technologies. IPTV majorly comprises three features including video on-demand (VOD), digital video recording (DVR) and live television streaming. Similar to satellite and cable television, IPTV too requires an additional receiving device (set-top box) for receiving the service.internet-protocol-television-iptv-market

Increasing penetration of internet-based services is the most significant factor bolstering the IPTV market growth. According to the International Telecommunication Union (ITU), over 40% of the global population use internet, as of 2014, up from 16% in 2005. Further rise in the number of internet users is estimated to substantially spur the IPTV market growth in the coming years.

Enhancement in the internet infrastructure and video streaming services is another prominent factor fueling the IPTV market growth. Nevertheless, the factor is limited only to the developed countries. Major constraint for the market growth is the underdeveloped internet infrastructure in developing countries, where consumer base is the largest.

Browse All Reports of This Category @ http://www.credenceresearch.com/industry/technology-and-media

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