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Forecast: APAC pay-TV services market to see $809m erosion

Pay-TV service revenue in Asia-Pacific is set to drop from $61.6 billion (€50.8bn) in 2020 to $60.8 billion in 2025 due to slowdown in pay-TV household penetration, continued decline in Cable TV subscriptions and fall in average spend per pay-TV account in the region, according to GlobalData, data and analytics company.

An analysis of GlobalData’s Asia-Pacific Pay-TV Forecast Pack reveals that pay-TV subscriptions will slowdown or decline in some of the most advanced markets in the region such as Hong Kong, Singapore, Australia and Vietnam over the forecast period, as users swap their traditional pay-TV subscriptions with OTT video alternatives.

Cable TV, which is currently the leading pay-TV platform in the region, by subscriptions, will see its share in the total pay-TV subscriptions decline over the forecast period. While the share of DTH services will witness marginal growth in the total pay-TV subscriptions, IPTV services will see maximum gain from 42.5 per cent in 2020 to 53.5 per cent by the end of 2025.

Kantipudi Pradeepthi, Research Analyst of Telecoms Market Data & Intelligence at GlobalData, says: “There has been a rapid deployment of FTTH/B network in countries such as the Philippines, Thailand, New Zealand and India, which has been a major catalyst for IPTV adoption in the region.”

China leads the IPTV segment in terms of subscriptions and will go on to account for 80.2 per cent of the total pay-TV subscriptions in the region by the end of 2025.

The growing demand for IPTV services will however fail to reverse the declining trend projected for the overall pay-TV service revenues in the region over the forecast period as cord cutting by subscribers and competitive pricing/ discounts offered by operators will continue to cause the average spend per pay-TV account to stagnate or even decline.

Pradeepthi concludes: “OTT-based video streaming platforms have caused massive disruption in the traditional pay-TV services in the region. Introducing OTT offerings as a part of their product bundles or partnering with OTT players can help pay-TV operators retain their customer base and improve their content proposition.” Advanced-television

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