The pay TV service revenue in Indonesia is set to increase at a compounded annual growth rate (CAGR) of 4% from US$1.2 billion in 2022 to US$1.5 billion in 2027, forecasts data and analytics company GlobalData.
South Korea’s multiplay service revenue is projected to experience a gradual yet consistent growth throughout the forecast period of 2022 to 2027, according to GlobalData.
The UK is forecast to maintain its position as the leading entertainment and media market in Europe over the next four years, according to PwC’s latest “Global Entertainment & Media (E&M) Outlook 2023-2027” report.
Overall, an anticipated US$727.9 billion will be spent in advertising worldwide by the end of the year, according to the latest “Global Ad Spend Forecasts” report from Dentsu.
AVOD and SVOD will each add US$3 billion between 2022 and 2028, according to Digital TV Research’s latest “Latin America OTT TV and Video Forecasts” report.