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According to the latest report by IMARC Group, titled “IPTV (Internet Protocol Television) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global IPTV (internet protocol television) market exhibited strong growth. The internet-based protocol television (IPTV) helps transmit videos and television programs via the internet. It primarily relies on Real-Time Streaming Protocol (RTSP), IP multicasting with Internet Group Management Protocol (IGMP), Real-Time Messaging Protocol (RTMP) and Hypertext Transfer Protocol (HTTP) for live broadcasts and on-demand programs. It offers network operators relatively more control over the video traffic and allows regular quality checks of the service. Besides this, it also enables viewers to create a custom list of channels in high-definition (HD) quality.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global IPTV (Internet Protocol Television) Market Trends:
The burgeoning electronics sector, in confluence with the improving broadband infrastructure, represents one of the key factors impelling the growth of the market. Moreover, the increasing adoption rates of HD channels, hybrid IPTV services and video-on-demand (VOD) services are positively influencing the sales of IPTV across the globe. The introduction of favorable policies, including the digitization of television and Direct-to-Home (DTH) services, by governing agencies on several countries is offering lucrative growth opportunities to leading market players. Additionally, considerable developments in the internet setup and improving internet connectivity in the residential and commercial sectors are strengthening the growth of the market. Some of the other factors impelling the market growth include inflating income levels, rapid urbanization and the escalating demand for IPTV that support video calls and online conferencing. Looking forward, the market is projected to expand at a CAGR of 17% during the forecast period (2021-2026).
Market Summary:
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