Television Market to Grow at a CAGR of 6.65% During the Forecast Period
Increasing GDP per capita income, rapid urbanization, and technological advancements are expected to drive the growth of the global television market. According to TechSci Research report, “ Television Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” , due to rapidly increasing demand from the television industry, the global television market is expected to reach USD182 billion by 2027F, with a CAGR of 6.65% during the forecast period. Television sales are expected to increase during the forecast period due to booming demand for over-the-top (OTT) platforms and the rising urge for televisions with internet connectivity worldwide. As technology is growing, it is making television a device through which one can watch shows and access online content. The multi-connection feature that provides the cable, internet, and satellite features on one TV at a time is taking television technology to a new level. Furthermore, the craze for web series a