The Singapore government is hoping that by the end of 2007, around 75 per cent of households in Singapore will adopt broadband. The government prefers to be optimistic and expects the broadband adoption by the year 2015 to be 90 per cent in Singapore. At present, 64 per cent of Singapore’s households have broadband connection, Minister for Information, Communications and the Arts, Lee Boon Yang said.
Yang also stated that Singapore's infocomm sector is expected to exceed USD 40 billion for 2006.
Dwindling wireline revenues, consumer demand for greater control over viewing preferences, and the explosion of broadband in various high growth markets across Asia-Pacific represent the impetus for the development of Internet Protocol Television (IPTV) in the region. While service providers across Asia-Pacific have invested heavily in the network infrastructure required to offer such services, the key success factor for IPTV lies in the gamut of content that service providers are able to provide consumers, consulting company, Frost & Sullivan said.
New analysis from Frost & Sullivan Asia Pacific IPTV Market reveals that revenues in this market—covering 12 major Asia-Pacific countries ex-Japan—are estimated to increase from US.4 million in 2006 to US.4 million next year. Growing at a Compound Annual Growth Rate (CAGR) of 37.5 per cent (2006-2013), the region’s IPTV market is forecasted to be worth US.3 billion by end-2013.
"IPTV is the next notable wave in the consumer telecom space and service providers are planning to leverage this new technology to offer high quality interactive services to customers", notes Frost & Sullivan senior research analyst Aravind Venkatesh. "While revenues from fixed-line services continue to decline, IPTV is likely to reduce churn, increase Average Revenue Per User (ARPU) levels, and generate revenue streams in the long term."
IPTV is presently available in China, Hong Kong, Malaysia, Singapore, South Korea, Taiwan and Thailand, and is expected to be introduced in India and the Philippines in 2007. Countries like China, India and Australia are expected to be high growth markets by 2009, as per the report.
China, in particular, holds immense potential as it has the largest broadband subscriber base in Asia-Pacific. Residential subscribers constitute approximately 70 per cent of China’s 47.8 million broadband subscriber base. China together with Hong Kong, which is said to be one of the most sophisticated IPTV markets in the world, is expected to account for nearly 60 per cent of the region’s IPTV revenues by end-2013, the report read.
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