Free-to-Air Services Market to Reach $337.3 Billion, Globally, by 2032 at 11.2% CAGR: Allied Market Research
PORTLAND, Ore., Sept. 14, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Free-to-Air Services Market by Device Type (Cable Television, Satellite Television, Mobile TV, Radio), by Application (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global free-to-air services industry generated $120.28 billion in 2022, and is anticipated to generate $337.3 billion by 2032, witnessing a CAGR of 11.2% from 2023 to 2032.
- Based on device type, the cable television segment held the highest market share in 2022, accounting for around half of the global free-to-air services market revenue, owing to increasing investments from private and public enterprises and surge in consumer demand for better television distribution infrastructure.
- However, the mobile television segment is projected to manifest the highest CAGR of 13.5% from 2023 to 2032, owing to rise in availability of affordable mobile business services across diverse telecommunication carriers and the platform, along with the growing utilization of smart equipment, such as smartphones and tablets.
- The same segment is expected to portray the largest CAGR of 11.9% from 2023 to 2032 and is projected to maintain its lead position during the forecast period, as it can be used for entertainment, education, community engagement, and digital literacy.
- Buy this Complete Report (233 Pages PDF with Insights, Charts, Tables, and Figures) at: