24 Jun 2020
Posted in Coronavirus
Indonesia’s pay-TV service revenues set to decline at 3.9% CAGR over 2019-2024, forecasts GlobalData
Despite steady growth in the overall subscriptions, the total pay-TV service revenues in Indonesia will decline by a compound annual growth rate (CAGR) of 3.9% between 2019 and 2024, according to GlobalData, a leading data and analytics company.
GlobalData’s Indonesia Telecom Operators Country Intelligence Report forecasts that decline in pay-TV revenues in Indonesia is primarily due to the falling average revenue per user (ARPU) in the Direct-to-Home (DTH), cable and Internet Protocol television (IPTV) segments. The COVID-19 outbreak and subsequent lockdown would slow down growth in the pay-TV segment during 2020, however, the impact of the pandemic on the segment will be relatively mild.
Deepa Dhingra, Telecom Analyst at GlobalData, says: “IPTV services segment will surpass DTH in 2021 to become the leading pay-TV platform in the country. IPTV subscriptions will grow at a CAGR of 8.9% over 2019-2024, driven by rising demand for multi-play packages combining broadband and IPTV services.”
“Telkom Indonesia will retain its leadership position in the pay-TV segment through the forecast period 2019-2020. The operator boasts a monopoly in the IPTV segment. It has been focusing on promoting its multi-play packages targeting residential customers to drive subscriber base.”