The Asia-Pacific region, excluding Japan, is expected to lead global IPTV growth at a compound annual growth rate (CAGR) of 21.1% from 2014 to 2020, according to Transparency Market Research.
China, with its growing middle class, falling prices of IPTV services, and improvements in broadband infrastructure, is already seen as a major growth driver.
Besides China, which has one of the highest numbers of IPTV subscribers worldwide, major contributions are expected to come from India, South Korea and Indonesia in the near future.
The global IPTV market, which is slated to reach $79.38 billion by 2020, is expected to grow considerably due to increasing broadband penetration in Asia Pacific, Middle East and Africa, and Latin America.
Western Europe was the largest revenue contributor in 2013, accounting for almost 38% of the global IPTV market revenue.