IPTV subscribers will grow from 24.4 million globally in 2008 to 92.8 million by 2012 says the latest report from California based Multimedia Research Group (MRG) and this will bring in $37.1 billion of service revenue for operators in 2012, by which time these telcos will spend $5.5 billion in Capex annually. Europe will be the largest market, with Asia almost overtaking it by 2012, and North America next in size.
The forecast breaks revenue down into Access, Headends, VoD, Set tops, Middleware, DRM, and System Integration and lays them out across 4 major regions. It also breaks out the expenditures of the top 80% IPTV operators in each region. It is compiled from data on 600 IPTV Operators in over 70 countries.
The report also suggests that the sector will continue to consolidate, especially in DRM and Middleware,