The global TV and radio subscription market is expected to grow at a significant CAGR during the forecast period 2024-2031. The TV Subscription refers to the services that are delivered by TV operators on paying a significant fee for subscription to continue the service. The services offered by TV operators include movies, games, video and voice services and other content. The radio subscription refers to the services that are delivered by radio broadcasters on paying a fee for subscription or by free of cost to continue the access over a radio service. The radio broadcaster uses electromagnetic waves technology to transmit the signals within a broad range of frequency of about 3 kHz to 300 kHz. The rising popularity of various services including OTT and internet radio is gaining substantial growth for the global TV and radio subscription market and is expected to drive the growth of this market during the forecast period.
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The sequentially growing penetration of multiscreen services is anticipated to drive the market growth of the global TV and radio subscription market during the forecast period. The most frequent services offered by multiscreen TV is to access the TV function and watch TV broadcasts over an additional platform that includes smartphones, laptops, tablets and PCs. The increase in the number of these additional platforms is projected to drive the demand for multiscreen service to converge customer satisfaction and enhance broadcasting services with the advancement in technologies to gain better capacity. This will contribute as a major market driver for the growth of the global TV and radio subscription market and is expected to create lucrative growth opportunities for the market throughout the forecast period.
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Market Coverage
- Segment Covered-
o By Type
o By TV Platform
o By Radio Platform
- Competitive Landscape- Bell Media, CBS, Comcast, Cox Communications, DISH Networks Sky.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global TV and Radio Subscription Market by Segment
By Type
- TV Subscription
- Radio Subscription
By TV Platform
- IPTV
- Satellite TV
- Cable TV
By Radio Platform
- Online Radio
- Satellite Radio
- Broadcast Radio
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