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Global connected TV shipments CAGR to reach 58% until 2014

Posted: 27 May 2011 ?? ?Print Version ?Bookmark and Share

Keywords:connected TV? shipment? CAGR?

Global connected TV shipments are set to see huge growth over the coming years, at a compound annual growth rate (CAGR) of 58.3 percent between 2009 and 2014, according to data from Business Insight's report entitled, "The Future of Connected TV."

The report notes that the Asia-Pacific region is the driving force of this growth, with CAGR of over 60 percent and representing almost half of global shipments by 2014. Although still a small market, the Middle East and Africa will have the fastest growth over the period.

Global total set top box shipments (including DTT, IPTV, Cable, and Satellite connections) are set to grow from around 177 million in 2009 to over 207 million in 2014. Global IPTV set top box shipments are expected to grow from 19.4 million to 57.5 million between 2009 and 2014.

The report further tells that the battle to win a big slice of the global connected TV pie has already attracted companies which are not traditionally associated with living room TV. Google TV, Yahoo Connected TV, Apple TV and even Microsoft are now all hotly competing for TV viewers in the era of Connected TV.

Over the next few years, the report forecasts, Connected TV will become a mainstream consumer technology. Its widespread adoption will not only be disruptive to the entertainment industry; it will also heavily impact the global advertising and marketing industries.

The said report examines the market around the new medium of Connected TV. It looks at the role of established TV broadcasters, Internet companies, TV and set top box makers, and niche players in the new industry aiming to take market share from the incumbents. It examines the birth pangs of Connected TV and includes detailed analyzes of each of the main players' strategies for gaining market share.

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