Pay TV service revenue in Indonesia is set to grow from US$497 million in 2020 to US$633 million in 2025, at a compound annual growth rate (CAGR) of 5%, mainly supported by the growing DTH and IPTV subscriptions, according to data and analytics company GlobalData.
GlobalData’s analysis “Indonesia Pay-TV Forecast Model” highlights that cable TV subscriptions will decline at a CAGR of 19% between 2020 and 2025, which will however be offset by the considerable growth in DTH and IPTV subscriptions through the forecast period.
“DTH will be the leading pay-TV service platform in Indonesia in terms of subscriptions during 2020-2025, and will go on to account for 58% of the total pay-TV subscriptions by the end of 2025. IPTV, on the other hand, will see its subscriptions grow at a faster CAGR of 12% over the forecast period, primarily driven by the improving fixed broadband infrastructure in the country and growing adoption of multi-play packages with integrated IPTV service,” said Akash Jatwala, Senior Research Analyst of Telecoms Market Data and Intelligence at GlobalData.
“Indovision will lead the Indonesia pay TV services market, by subscription share through 2020-2025, led by its strong presence in the DTH segment, while Telkom Indonesia will gain significant market share through the forecast period driven by huge subscription gains from its IPTV service segment,” he added.