Key regions: China, South Korea, Asia, France, United Kingdom
The TV & Video market in Southeast Asia is experiencing significant growth and development, driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the region are shifting towards on-demand and streaming services, as consumers increasingly seek convenience and flexibility in their TV and video consumption. This trend is fueled by the growing popularity of smartphones and internet penetration, which allow users to access content anytime and anywhere. Additionally, there is a rising demand for localized content, as viewers in Southeast Asia prefer to watch shows and movies that reflect their own culture and language. Trends in the market show a strong focus on original content production and distribution. Streaming platforms are investing heavily in creating original series and movies to attract and retain subscribers. This trend is driven by the success of global streaming giants like Netflix and Amazon Prime Video, which have gained a significant foothold in the region. Local production companies and broadcasters are also stepping up their game by producing high-quality content to compete in the evolving landscape. Local special circumstances play a crucial role in shaping the TV & Video market in Southeast Asia. The region is diverse, with multiple languages, cultures, and regulatory frameworks. This diversity presents both opportunities and challenges for content creators and distributors. Companies need to adapt their strategies to cater to the specific needs and preferences of each country. Additionally, regulatory restrictions and censorship policies in some countries can impact the availability and distribution of certain content, requiring companies to navigate these complexities. Underlying macroeconomic factors also contribute to the development of the TV & Video market in Southeast Asia. The region has been experiencing rapid economic growth, leading to an expanding middle class with higher disposable incomes. As a result, consumers are willing to spend more on entertainment, including TV and video services. Furthermore, increasing urbanization and improving infrastructure, such as better internet connectivity, are facilitating the adoption of streaming services and driving market growth. In conclusion, the TV & Video market in Southeast Asia is witnessing significant growth and development, driven by evolving customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Companies in the region need to adapt to these changes and tailor their strategies to cater to the diverse needs of each country. The future of the market looks promising, with continued investment in original content production and increasing demand for on-demand and streaming services.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Traditional TV & Home Video and OTT (over-the-top) Services. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective segment. This spending factors in discounts, margins, and taxes.Modeling approach / Segment size:
The segment size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant segment. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.
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