Pay TV Market

Pay TV Market by Technology (Cable TV, Satellite TV, and Internet Protocol TV), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-1181
  • Author: Growth Market Reports
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  • No. Of Pages: 134
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The global pay tv market size was valued at USD 225.9 billion in 2019 and is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to its value-added services such as lower subscription costs, customized channel subscriptions based on customers' preferences, and low-cost internet access.

Consumers can subscribe to television programming through two business models, over-the-top (OTT) and pay TV. Pay TV usually bundles programs and requires the customer to lease a proprietary coaxial cable or satellite dish network set-top box. OTT content, on the other hand, is distributed over the public internet via a proprietary content delivery network (CDN). Pay TV transmissions are encrypted to avoid service theft, unlike over-the-air (OTA) TV broadcasts, which may be received for free with an antenna. Each cable or satellite company's proprietary set-top box has a tuner that can receive the provider's encrypted digital television (DTV) signals and convert them to a format that the television can comprehend. By referencing which entitlements have been given through the client's subscription, firmware in the set-top box decides what signals the consumer can decrypt.

Global Pay TV Market Summary

A direct-to-home (DTH) system for the delivery of television signals broadcast directly to the public from geostationary satellites is used for subscription-based satellite television service, also known as subscription satellite television. Conditional Access Systems, or CAS, are used by DTH providers to ensure the security of material transmitted via satellite transmissions. The goal of CAS is to manage and safeguard television broadcaster material that is provided by a subscription television service provider by encrypting audio and video signals to prevent unauthorized access to that information. To obtain pay television services, customers must often purchase or rent a decoder or set-top-box (STB) from a DTH service provider, as well as an official smart card. Smart cards are used to manage and store the rights to decode material based on the subscriber's chosen service or programming bundle.

CAS encrypts television signals and DTH material using Control Words (CWs), which are continually updated (every few seconds) and sent across the network. DTH providers invest in cutting-edge technology to maintain these keys up to date on a regular basis. When a subscriber wants to watch a particular signal, the STB receives the keys in order to decode the audio and visual information. CWs are encrypted one by one to prevent interception and use of the protected material by unauthorized third parties. To this end, CWs are sent via encrypted packets known as Entitlement Control Messages (ECMs), and the keys that ECMs encrypt are known as transmission keys. The transmission keys are kept in the memory of the STB's smart cards. Through administrator-level instructions, DTH operators can modify the transmission keys, if necessary. To expand their service offerings and allow improved market penetration, service providers have begun to use the Integrated Broadband Broadcasting (IBB) system.

The use of broadcast and internet technology together has the ability to offer both efficient mass content distribution and customized service. Furthermore, the Smart TV Alliance's merger with the HbbTV (Hybrid Broadcast Broadband TV) Association has enabled users to access entertainment via their smart TVs or set-top boxes, allowing them to see more television apps and have greater interactive experiences.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for video on demand, personalized content, and HD viewing are expected to boost the market growth during the forecast period.
  • Growing demand for internet protocol television and less subscription costs are major factors driving the market growth during the forecast period.
  • Presence of omnichannel accessibility and increasing number of channels are anticipated to push the market growth during the forecast period.
  • Increasing adoption of OTT platforms and content security are projected to restrict the market growth during the forecast period.
  • Extensive focus on R&D, technological advancements and new trends are estimated to create lucrative opportunities for the market players in the coming years.

Scope of the Report

The report on the global pay tv market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Pay Tv Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Cable TV, Satellite TV, and Internet Protocol TV)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Airtel Digital TV; DIRECTV; DISH Network Corporation; Dish TV India Limited; Fetch TV Pty Ltd.; Foxtel; Rostelecom PJSC; Spectrum; Tata Sky Ltd; and Tricolor TV

 

Market Segment Insights

Satellite TV segment is expected to account for a key share
Based on technology, the pay tv market is segmented into cable TV, satellite TV, and internet protocol TV. The satellite TV segment is expected to account for a key share of the market during the forecast period as service providers are diversifying their service offerings in response to growing customer demand for newer networks, additional features, and more current channels. The present trend of watching live broadcasts of programming like news and sporting events is continuing to drive satellite television usage. Furthermore, rising consumer demand for high-quality viewing experiences such as 4K and Ultra HD (UHD) picture quality, as well as satellite TV service providers' ability to supply these services without bandwidth constraints, are fueling sector expansion.

On the other hand, the cable TV segment is anticipated to expand at a rapid pace during the forecast period owing to increasing customer desire for access to and experience unbundled packages. Despite gaining a substantial market share, the future of cable television providers does not appear bright. A rising number of cord-cutters have opted to forego paying for television entirely. The issue is that, instead of traditional cable television subscriptions, an increasing percentage of families are now gaining access to movies through alternative platforms. Furthermore, major cable TV providers such as AT&T, Inc., Comcast Corporation, and DirecTV have seen a significant drop in subscriber numbers as customers migrate to other media streaming platforms.

Global Pay TV Market By Technology

North America is anticipated to dominate the market
On the basis of regions, the pay tv market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to Due to the extreme huge increase in cord-cutting, service providers are being urged to adapt their service offerings to online content delivery in order to attract a big number of subscribers. Furthermore, the use of sophisticated technologies such as Artificial Intelligence (AI) and Machine Learning (ML) to carefully evaluate users' viewing patterns and give tailored recommendations is driving viewers to OTT platforms. Furthermore, since profit margins in delivering bundled packages have shrunk over time, service providers have stopped using these business models. This, in turn, is having a negative influence on the expansion of the pay television market.

On the other hand, Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to pay TV penetration is rising in rural households in countries like China, India, and Indonesia, resulting in total industry development. In addition, recent initiatives by government agencies, such as India's Telecom Regulatory Authority of India (TRAI), allow consumers to personalize their channel selections and pay for channels based on their needs. This, in turn, facilitates the widespread adoption of pay television services in the country, leading to regional prosperity.

Global Pay TV Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pay TV Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Pay TV Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Pay TV Market - Supply Chain
  4.5. Global Pay TV Market Forecast
     4.5.1. Pay TV Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Pay TV Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Pay TV Market Absolute $ Opportunity
5. Global Pay TV Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Pay TV Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Pay TV Demand Share Forecast, 2019-2026
6. North America Pay TV Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Pay TV Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Pay TV Demand Share Forecast, 2019-2026
7. Latin America Pay TV Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Pay TV Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Pay TV Demand Share Forecast, 2019-2026
8. Europe Pay TV Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Pay TV Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Pay TV Demand Share Forecast, 2019-2026
9. Asia Pacific Pay TV Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Pay TV Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Pay TV Demand Share Forecast, 2019-2026
10. Middle East & Africa Pay TV Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Pay TV Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Pay TV Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Pay TV Market: Market Share Analysis
  11.2. Pay TV Distributors and Customers
  11.3. Pay TV Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Airtel Digital TV
     11.4.2. DIRECTV
     11.4.3. DISH Network Corporation
     11.4.4. Dish TV India Limited
     11.4.5. Fetch TV Pty Ltd.
     11.4.6. Foxtel
     11.4.7. Rostelecom PJSC
     11.4.8. Spectrum
     11.4.9.
Segments Covered in the Report
The global pay tv market has been segmented on the basis of

Technology
  • Cable TV
  • Satellite TV
  • Internet Protocol TV (IPTV)
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Airtel Digital TV
  • DIRECTV
  • DISH Network Corporation
  • Dish TV India Limited
  • Fetch TV Pty Ltd.
  • Foxtel
  • Rostelecom PJSC
  • Spectrum
  • Tata Sky Ltd
  • Tricolor TV

Key players competing in the pay tv market includes Airtel Digital TV; DIRECTV; DISH Network Corporation; Dish TV India Limited; Fetch TV Pty Ltd.; Foxtel; Rostelecom PJSC; Spectrum; Tata Sky Ltd; and Tricolor TV.

Service providers have begun to provide several channels and to cover the transmission of a greater number of live events, such as sporting events, in order to get a greater market share. Furthermore, service providers have begun to offer consumer-specific social media programs, which allow users in the same geographic location to interact and watch live sporting events together. For example, DIRECTV has released a mobile app for Android and iOS phones that allows sports fans in a certain area to communicate and engage with one another, meet at pre-determined locations, and watch live events together.

Some of the key business strategies employed by companies includes mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

Global Pay TV Market By Key Players

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