The Europe FAST (Free Ad-Supported TV) Channels Market would witness market growth of 15.7% CAGR during the forecast period (2023-2030).
The market has expanded more quickly due to content partnerships and aggregation. FAST channels aggregate content from various sources, such as traditional broadcasters, studios, and digital creators. Working with content providers to attract more viewers enables them to offer a wide range of programs. These collaborations also allow content owners to monetize their assets through ad-supported distribution.
On the other hand, the market has significantly benefited from the growing demand for streaming content by offering attractive growth potential. Furthermore, connected TV (CTV) devices like smart TVs, streaming boxes, and sticks have entered the mainstream and enable users to access streaming content directly on their television screens. This development has created novel possibilities for FAST channels, as these devices enable them to reach a larger audience.
Several reasons are presently supporting the European smart TV sector. Smart TVs have been embracing a variety of technology advancements, including voice control and AI. Demand for smart TVs has also been boosted by easy access to products in the region and increasing consumer per capita incomes. During the forecast period, the European region is also anticipated to be the most rapidly expanding region for high-end televisions, such as 4K & 8K. The market is predicted to expand due to the growing use of smart TVs and the internet across European regional countries.
The Germany market dominated the Europe FAST (Free Ad-Supported TV) Channels Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,106.2 Million by 2030. The UK market is exhibiting a CAGR of 14.8% during (2023 - 2030). Additionally, The France would experience a CAGR of 16.6% during (2023 - 2030).
Based on Type, the market is segmented into Linear Channels, and Video on Demand. Based on Content Type, the market is segmented into Movies, Music & Entertainment, News, Sports, and Others. Based on Distribution Platform, the market is segmented into Web-based Channels, and Mobile & Desktop Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide FAST (Free Ad-Supported TV) Channels Market is Projected to reach USD 20.7 Billion by 2030, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sling TV L.L.C. (DISH Network Corporation), Tubi, Inc. (Fox Corporation), Crackle Plus, LLC (CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC.), Plex, Inc., Roku Inc., Xumo Enterprise (Comcast Corporation), Pluto Inc. (Paramount Global), Amazon.com, Inc., Rakuten TV Europe, S.L.U. (Rakuten group, Inc.) and Google LLC (Alphabet Inc.)
By Type
By Content Type
By Distribution Platform
By Country
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