ID: MRFR/ICT/5119-HCR | February 2021 | Region: Global | 100 pages
Cloud TV Market is expected to grow from USD 1.65 billion in 2017 to USD 4 billion by 2027, at a CAGR of 20% during the forecast period. Cloud TV is an exceptional cloud-based application. It is a content streaming app for the TV channel, music, show, movies and lots more. The installation process of the cloud TV is effortless. Also, it is an application that does not require much memory. The demand for the cloud TV market is high due to its HD features. It offers HD features for browsing, online gaming, email and social networking.
The surging demand for HD browsing is the crucial driver for this market. Also, cloud TV applications are suitable for smart TV. The ease of integration with smart TV will further increase the demand. The cloud TV platform is suitable for any electronic device. Further, the growing popularity of the OTT platform is another crucial driver for this market. There are plenty of benefits of the cloud platform. The increasing use of the internet and entertainment platforms will provide future growth opportunities.
The impact of covid 19 is massive on Global Cloud TV Market. However, rather than decrease the market is surging in this situation. Social distancing and work from home is an everyday routine during covid 19. It is increasing the use of the internet and video consumption. Meetings, video streaming, video conferences have a positive impact on the cloud TV market.
The use of OTT platforms in mobile and TV is increasing during the pandemic. The use of Netflix is reaching 15.3 million during this pandemic. Also, these are some of the other factors that positively impact the cloud TV market. The pandemic is raising the scope for cloud computing platforms. More use of the internet will help the users to develop the skill to use cloud platforms. The usage of the internet and other online tools has a close connection with the cloud TV market. These are the crucial factors responsible for a positive Cloud TV Market Forecast.
The changes in internet users’ behaviour are the prime cause for more demand. Today, the scope for connected devices is high. Smartphones, smart TV and tablets are popular connected devices. The prevalent usage of connected devices is a crucial driver for the cloud TV market. Also, the digital distribution channels have three major influential factors. The scalability, agile and cloud platforms are major factors that influence the internet.
The increase in video consumption is the crucial driver for the cloud TV market. These video content channels use cloud TV platforms. The OTT and video service platforms rely more on cloud TV. As the Cloud TV can satisfy customer needs with less cost. Convenience and control are the crucial benefits of using Cloud TV. By leveraging the cloud TV the OTT services provide a wide range of choices for the users to choose from. Also, the requirement of cloud TV for telecom provides is the major driver for this market.
The adoption of the 5 G communication offers exceptional market growth opportunities. The development in wireless communication will be beneficial door the cloud TV market. Today, many end-users invest in the 5G technology to experience cloud TV. The big telecommunication companies are making more advancement in 5G technology.
The high speed of the 5G network will make the cloud TV experience seamless. The regions such as Asia Pacific, Europe and the US are developing high-speed internet. The 5G network will increase the quality and use of cloud TV. The user experience by using cloud TV will be high due to 5G. The Cloud TV Market Research Report suggests there will be plenty of growth opportunities in the forecast. More advancement in a telecommunications network will further increase growth prospects.
Today, there is a lack of high-speed network infrastructure. The internet and mobile is an inevitable part of cloud TV. The mobile network problems are massive in many regions. Mainly in the rural areas, there is poor connectivity and other issues. The deployment of Cloud TV is difficult in regions with internet users.
However, in recent years there is some development in 3G internet in rural areas. The connectivity issues in rural areas are the main retain in this market. These factors will hamper the growth of cloud TV in some regions. Also, the lack of a high-speed network is affecting the demand in urban regions. The cloud TV market target audience is internet users in urban areas. However, the lack of a high-speed network in this region is another restrains.
The Cloud TV Industry is providing plenty of content for the users. Also, there are various channels and programs available on cloud TV. However, piracy is the major challenge in the cloud TV market. There is a high need for content protection in these platforms. However, there are plenty of measures taken to control piracy in cloud TV. The premium content in the cloud TV remains safe. The low-quality contents are prone to more piracy issues. It is one of the biggest concerns for the cloud TV market. Many users will not prefer a platform with piracy issues. But, with exceptional measures, the piracy issues will be under control in upcoming years.
The cloud TV market is witnessing steady growth in the forecast period. As per the Cloud TV Market Analysis, the market growth is favourable. The market drivers such as the high demand for interactive viewing are causing much demand for cloud TV. These are the factors responsible for stable market growth. There are three main Cloud TV Market Segments.
There are public cloud, private cloud and hybrid cloud. All these three segments provide more profitability of the market. Today, public and private cloud Tb has massive demand among the users. However, In the future, the deployment of hybrid cloud will raise demand immensely. With the development of 5G networks, there is an outstanding growth opportunity for the market.
Cloud TV has great demand in 5 regions. However, the Asia Pacific regions have plenty of demand and market growth. Asia Pacific region is known for its higher internet usage. The prevalent use of smartphones and the internet is causing more demand in this region. Countries such as India have more than 800 million Smartphone users. It provides massive growth potential for cloud TV in the Asia Pacific region. The revenue and the profitability rates will reach maximum during the forecast period. From medium to large enterprises will adopt cloud TV in the Asia Pacific market.
Cloud TV Market Segments
By deployment type
The Cloud TV market potential; is increasing due to key players. The key players in the market are making plenty of developments. The use of high-speed internet penetrations of the market is creating market expansions. In the competitive landscape, there are acquisitions, partnership and market expansions.
The cloud TV market is diversified into three major regions. Asia Pacific, Europe and North America are the key players. However, the Asia Pacific market holds maximum Cloud TV Market Share. The Laas services in the chain are creating a positive impact on the Asia Pacific market. Also, India and Japan are major regions for cloud TV market growth.
The Laas solution is suitable for gaming, video and mobile internet. The use of Laas provides massive scope for the clod TV in the Asia Pacific region. Moreover, North America will have a decent growth rate in the forecast period. The key players have a well-established market in this region. The North American region records the highest users from OTT streaming. The increasing range of video streaming services is raising revenue. Also, Europe is a crucial region for more market developments.
The key players of the cloud TV market are
Frequently Asked Questions (FAQ) :
Charter Communications (US), TalkTalk TV Entertainment Limited (UK), PCCW Limited (Hong Kong), and Liberty Global plc (UK) are impacting the overall market growth.
A 12% CAGR is expected to guide the progress of the market in the forecast period.
The presence of a massive user base in the North American region is estimated to push the market’s progress.
The blend of web content and TV in a solo stream is estimated to create favorable traction in the market.
The advance in the functions of smart devices such as tablets, smart TV, and smartphones is appealing to the growth momentum in the market.