The Latin America, Middle East and Africa Cloud TV Market would witness market growth of 23.4% CAGR during the forecast period (2022-2028).
Cloud TV StreamCast enables pay-TV and online video providers to get around device fragmentation and resource limitations. This improves "content experience, content protection, and content delivery issues." According to GigaOm, who is a subsidiary of Liberty Global, UPC Hungary is "bringing YouTube to every single user, owing to the creative use of the cloud," as of June 2014.
The method is "not only cheaper but also a whole lot faster than moving every client to new devices," according to GigaOm, which stated that UPC is employing Cloud TV to stream YouTube to users' old set-top boxes. Following the announcement of UPC Hungary, it was revealed that HBO Europe would use Cloud TV StreamCast to provide HBO GO on pay-TV STBs. The utilization of the YouTube service has surpassed expectations, according to Arpad Jordan, who was Liberty Global's CTO for Central and Eastern Europe at the time.
The hardware put at the customer's location serves as a data center to distribute TV content across the user's various Cloud TV devices. As a result, there is no longer a need for system administrators and various video streaming service providers. Technically, a single MPEG (Moving Picture Experts Group) feed or HTML is created by processing both video and graphics (Hypertext Markup Language). Video streaming services then transmit this via STB.
The government of Saudi Arabia is putting laws and programs in place to support educators in delivering high-quality instruction, and the country's educational system is likewise undergoing ongoing change. To improve the standing of its educational institutions, the Saudi Arabian government has taken it upon itself to merge technology and statistical data with education. The demand for various cloud services and solutions will rise over the next several years as a result of the region's increasing digitalization. The growing 5G rollout in this region propels the growth of the cloud tv market.
The Brazil market dominated the LAMEA Cloud TV Market by Country 2021; thereby, achieving a market value of $86.2 million by 2028. The Argentina market is registering a CAGR of 24% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 23% during (2022 - 2028).
Based on Deployment Type, the market is segmented into Public Cloud and Private Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Device Type, the market is segmented into Mobile Phones & Connected TVs and STBs. Based on Vertical, the market is segmented into Telecom Companies and Media Organizations & Broadcasters. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud TV Market is Predict to reach $4.9 Billion by 2028, at a CAGR of 20.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SeaChange International, Inc., Brightcove, Inc., CSG Systems International, Inc., Comcast Technology Solutions, Aferian plc, Kaltura, Inc., MediaKind, IntelliMedia Networks, MatrixStream Technologies, Inc. and Minerva Networks, Inc.
By Deployment Type
By Organization Size
By Device Type
By Vertical
By Country
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