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Internet

Connected TV to have 63% share of new video services - study

Thursday 5 July 2012 | 08:49 CET | News
Connected TVs will be used to view 63 percent of new video services transmitted by internet giants such as Google, YouTube, Facebook and Amazon by 2020, forecasts French market researcher Idate. The institute anticipates that the global TV market will grow by 4.7 percent a year to reach EUR 355 billion in 2020, mostly driven by emerging economies. The combined share of the five main European countries, Japan and the US will fall to 60 percent in 2020 from 80 percent in 2011. VoD and catch-up TV services are projected to be worth 12 percent of the global market in 2020 versus 3 percent today. sVoD is expected to grow faster than standard VoD. Idate deputy managing director Gilles Fontaine cited Netflix and its success in signing up 22 million subscribers who pay an average of EUR 7 per month. Small channels will probably have to be hosted on bigger platforms to find their viewers, Fontaine said.


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Categories: Internet
Companies: Amazon / Facebook / Google / Netflix / YouTube
Countries: World
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