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TV Analytics Market Expected to Reach $6,810.15 Million by 2026

 

quote Asia-Pacific region is projected to generate the highest growth rate during the TV analytics market forecast period, which is attributed to number of factors such as rising number of smartphone as well as internet users, expanding digitization, an globalization motivated policies of governments. Also, shifting audience inclination toward the OTT contents, which has led to the growth of major over-the-top providers such as Amazon Prime Video, Netflix, and Hulu by which audiences can get an easy access to the content of their choice, anywhere, at any time, which is expected to contribute to the growth of the TV analytics in the Asia-Pacific region. quote

Rachita Rake
Research Analyst, ICT at Allied Market Research

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According to a recent report published by Allied Market Research, titled, "TV analytics Market by Component, Deployment Model, TV Transmission Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018–2026," the global TV analytics market size was valued at $1,851.00 million in 2018, and is projected to reach $6,810.15 million by 2026, registering a CAGR of 17.8% from 2019 to 2026.

Increasing use of analytics in TV industry, the growth of Android TV, rising trend of Subscription on Video Demand (SVoD) platforms, and increasing consumer demand for digital original series are driving the market growth for TV analytics market. However, lack of digital infrastructure in emerging economies and lack of skilled professionals hampers the growth of the market. Furthermore, massive growth of content in OTT industry is anticipated to create major opportunities for the market.

By component, the software segment garnered major TV analytics market share in 2018 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to significant rise in usage of social media and its positive impact on branding & marketing of products. Also, increasing intensity of business competition ensuing better results is expected to increase the adoption of TV analytics software in the upcoming years. However, the service segment is expected to witness highest growth rate in the upcoming years as it help organizations in effectively executing projects, maximizing their resource usage, as well as in streamlining their business operations. The need for support and maintenance services will grow as the adoption of TV analytics software increases which is opportunistic for the TV analytics market.

Based on deployment model, the on-premise segment dominated the global TV analytics market share in 2018 and is expected to generate highest revenue during the forecast period owing to its advantageous features and flexible pricing. Also, on-premise solutions for over-the-top platforms tend to be reasonably cost-effective in terms of cabling infrastructure and configuration of equipment which again fuels the growth of the market. However, the cloud segment is expected to witness highest growth rate in the upcoming years. The growth of this segment is mainly attributed to the faster and easier service provided by the over-the-top service providers. In addition to this, major online content providers are collecting their audience data through their smartphone applications. The collected data will help them in analyzing the customer behavior and improving their Return on Investment (RoI). The adoption of Cloud TV analytics is increasing as it offers an easy way to collect and segment data based on different demographics, which helps in better decision-making process based on the trends.

In terms of application, the content development & broadcasting segment is expected to witness high adoption of TV analytics solutions and services. The dominance of this industry is due to inflow of data pertaining to increase in the number of viewers. Also, the more the TV becomes digital as well as smarter, it is expected to generate a large amount of data, which is expected to shape the future of the media & entertainment industry vertical. In addition to this, the viewing preferences of users have transformed immensely which have generated the need to personalize key genres such as kids, entertainment, sports, and others which further the growth of the market.

Key Findings of the Study:

  • Based on component, the software segment dominated the global TV analytics market in 2018 and is expected to generate highest revenue during the forecast period. However, the service segment is expected to witness highest growth rate in the upcoming years.
  • Based on deployment model, the on-premise segment dominated the market in 2018 and is expected to generate highest revenue during the forecast period. However, the cloud segment is expected to witness highest growth rate in the upcoming years.
  • On the basis of TV transmission type, the Cable TV dominated the global TV analytics market in 2018 and it is expected to remain dominant throughout the forecast period.
  • In terms of application, the content development & broadcasting segment dominated the global TV analytics market analysis in 2018 and is expected to generate highest revenue during the forecast period.

Some of the key TV analytics industry players profiled in the report include IBM Corporation, Google LLC, DC Analytics, Adobe Systems Inc, Edgeware AB, Amobee, Realytics, Tvsquared, Parrot Analytics, and Clarivoy.

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quote TV Analytics Market by Component (Software, and Service), Deployment Model (On-premise and Cloud), TV Transmission Type (Cable TV, Satellite TV/DTH, IPTV, and OTT), and Application (Content Development & Broadcasting, Competitive Intelligence, Churn Prevention and Behavior, Advertising Campaign Management, Audience Forecasting, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026 quote

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