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Television services market size is expected to reach $499, 800 million by 2027 at a CAGR of 5.4% from 2021 to 2027.
July 10, 2021 GMT
Rise in disposable income and increase in expenditure on entertainment boost the growth of the global television services market
According to a new report published by Allied Market Research, titled, “ Television Services Market by Delivery Platform, Revenue Model, and Broadcaster Type: Opportunity Analysis and Industry Forecast, 2021–2027,” the global television services market size is expected to reach $499, 800 million by 2027 at a CAGR of 5.4% from 2021 to 2027.
Television services refer to a system for converting visual images (with sound) into electrical signals, transmitting them by radio or other means, and displaying them electronically on a screen. The global television industry is in the midst of a digital revolution. Online video has been empowering consumers to watch video content as per their choice. Netflix and Amazon are non-negligible examples, which reflects how digital media is gaining popularity among the TV audience. These giants operating in the TV broadcasting industry are offering over-the-top (OTT) TV services, where popular OTT apps are in-built.