Pay TV services revenue in South Korea is expected to grow marginally at a compound annual growth rate (CAGR) of 1.14%, from US$6.5 billion in 2021 to US$6.9 billion in 2026, mainly supported by the IPTV segment, GlobalData forecasted.
An Omdia study reveals the technology has reached 540 million at the end of 2021 and will account for almost 60% of global mobile service revenues in 2026, coming from 40% of subscriptions by volume.
The pay-TV services revenue in China is expected to grow at a sluggish compound annual growth rate (CAGR) of 0.6% from US$35.1 billion in 2021 to US$36.2 billion in 2026, according to GlobalData.
Netflix will add 53 million subscribers to reach 275 million subs by 2026, while Disney+ will add 140 million to take its total to 271 million, according to Digital TV Research, which believes Disney+ would overtake Netflix in 2027.
Pay TV service revenue in Thailand is expected to grow at a healthy compound annual growth rate (CAGR) of 8.5% from US$734 million in 2021 to US$1.1 billion in 2026, according to GlobalData.