28 Oct 2020
Posted in Coronavirus
Pay-TV services revenue in Philippines to grow at 4.0% CAGR over next five years, forecasts GlobalData
Having been fairly resilient against the COVID-19 crisis in 2020, pay-TV services market in the Philippines will see its revenue increase from US$451.1m in 2020 to US$550.0m in 2025 at a compound annual growth rate (CAGR) of 4.0%, mainly driven by DTH and IPTV segments, according to GlobalData, a leading data and analytics company.
GlobalData’s Philippines Telecom Operators Country Intelligence Report reveals that the overall pay-TV household penetration will grow from 20.5% in 2020 to an estimated 22.5% in 2025 with DTH and IPTV subscriptions set to increase at a CAGR of 4.1% and 29.3%, respectively. Cable TV subscriptions, on the other hand, will continue to decline over the forecast period.
Growth in average revenue per user (ARPU) for both DTH and IPTV services will also support growth of the overall pay-TV service revenue in the Philippines.
Aasif Iqbal, Telecom Analyst at GlobalData, says: “Although DTH will remain the leading platform to deliver pay-TV services in the Philippines through 2025, IPTV subscriber share will increase over the forecast period, supported by the improving fixed broadband infrastructure in the country.
“SKY will lead the pay-TV market accounting for largest share of pay-TV subscriptions as of 2020. The operator will maintain its leadership in the pay-TV segment given its strong foothold in cable TV segment and its growing focus on DTH segment.”