Pay-TV revenue in Thailand to grow at a 4.2% CAGR over 2022-2027Tuesday, December 27th, 2022
Pay-TV service revenue in Thailand to grow at 4.2% CAGR over 2022-2027, says GlobalData
Pay-TV service revenue in Thailand is set to grow at a compound annual growth rate (CAGR) of 4.2% from US$752 million in 2022 to $922 million in 2027, driven primarily supported by an increase in IPTV subscriptions, forecasts GlobalData, a leading data and analytics company.
GlobalData’s Thailand Pay-TV Forecast (Q3 2022) reveals that while DTH revenue will increase at a tepid CAGR of 0.6% between 2022 and 2027, IPTV service revenue will increase at a robust CAGR of 27.4% over the forecast period.
Srikanth Vaidya, Telecom Analyst at GlobalData, comments: “Despite an increase in the total pay-TV revenue in Thailand, the average monthly spend per pay-TV account will fall from $8.01 to $7.04 between 2022 and 2027, owing to the competitive pricing strategies being adopted by pay-TV operators to retain their subscriber base.”
DTH will remain as the leading platform to deliver pay-TV services in 2022, accounting for a 33% share of total subscriptions, despite a slow growth in subscriptions. IPTV will, however, surpass DTH subscriptions in 2025, occupying about 48% share of the total pay-TV subscriptions by the end of 2027, driven by an increase in adoption of multi-play packages with integrated IPTV services.
Vaidya concludes: “TrueVisions dominates Thailand’s pay-TV market in 2022 and will continue to lead the market over the forecast period, given its high subscriber share in all the three segments that include DTH, cable-TV and IPTV and a strong focus on offering premium content to Thai users to compete with OTT video platform providers in the pay-TV market.”