Cloud TV Market Size

Cloud TV Market size was over USD 1.26 billion in 2023 and is anticipated to reach USD 21.76 billion by the end of 2036, growing at around 24.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cloud TV is assessed at USD 1.51 billion.

The growth of the market can be attributed to upsurge demand and usage of internet and high adoption rate of 5G technology. Moreover, growing demand for live video streaming and video on demand with user interactive viewing is expected to have a positive impact on the market. Cloud TV allow users to choose the programs a user want to watch from an archive of different programs or can opt for a specific live stream. Growing adoption rate of smartphones, tablets and smart televisions are some of the key factors for the growth of the market. According to a recent data published by Global System for Mobile Communications (GSMA), currently there are 5.27 billion people that have a mobile device in the world which means that 67.08% of the world’s population has a mobile device.

Frequently Asked Questions (FAQ)

Increasing adoption rate of smart devices and evolution of high band width for internet users.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Lack of high speed infrastructure and data privacy are some of the factors which is estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to rising internet users, along with increased adoption rate of 5G technologies.

The major players dominating the Cloud TV market are Kaltura, Brightcove, Amino Technologies, Muvi, IntelliMedia Networks, Pontis Technologies, Mware Solutions, MatrixStream Technologies, CSG Systems International Inc, Viaccess-Orca, and among others.

Cloud TV Market Size