A study from Digital TV Research is forecasting that pay-TV revenues for 20 countries in the Middle East and North Africa region will fall by 38% between peak year 2016 ($3.84 billion) and 2027 ($2.39 billion).
Worldwide spending on telecommunications and pay TV services is forecast to reach $1.5 trillion in 2021, representing an increase of 1.0% over 2020, according to the International Data Corporation (IDC).
Canadian viewership will reach new heights this year: previously, eMarketer expected the number of video viewers to reach 28.0 million in 2024, but it now forecasts that milestone will be met next year.
The Asia Pacific region will have 698 million SVOD subscriptions by 2026, up from 502 million at end-2021, according to Digital TV Research’s “Asia Pacific SVOD Forecasts” report.
Next year, 48.9% of households in Canada will have pay TV, marking a massive and continuing trend of cable cord-cutting in the country, eMarketer forecasted.