The household penetration of subscription video on demand services in Malaysia is expected to increase from 22% in 2022 to 41% in 2027, according to GlobalData.
The SVOD service revenue in Australia is expected to increase at a compound annual growth rate of 8.2% from US$1.9 billion in 2022 to US$2.8 billion by 2027, according to GlobalData.
Annual revenues of subscription video on demand services in the United States will nearly equal those of traditional pay TV in 2027, according to GlobalData.
Pay TV services revenue in South Korea is set to grow, albeit marginally, at a compound annual growth rate (CAGR) of 0.2% from US$5.55 billion in 2022 to US$5.6 billion in 2027, according to GlobalData.
The subscription video on demand service revenue in Australia is expected to increase at a compounded annual growth rate (CAGR) of 8.9%, from US$2.2 billion in 2022 to US$3.4 billion in 2027, according to GlobalData.