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Asia Pacific Online Video Opportunity Forecast at US$35 Billion by 2021

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HONG KONG, SINGAPORE and MUMBAI /PRNewswire/ — According to a new report published today by Media Partners Asia (MPA), Asia Pacific online video revenue is expected to reach US$35 billion by 2021, an average annual growth of 22% from US$13 billion in 2016. China will remain the largest market, accounting for 76% of Asia Pacific online video revenue by 2021. Japan, Australia, Korea and India will also be significant, in aggregate accounting for 17% of regional online video revenue by 2021.

MPA, Asia Pacific Online Video Distribution April 2016
MPA, Asia Pacific Online Video Distribution April 2016

The report, entitled Asia Pacific Online Video Distribution, covers 14 Asia Pacific markets, tracking the growth of advertising and subscription-based online video, as well as mobile and fixed broadband networks. Commenting on the report findings, MPA executive director Vivek Couto said:

“The growth of broadband, combined with slow but progressive change in content licensing, is driving demand for online video services. However, the distribution of driver local content online remains modest, especially outside of China, India and Korea. This is evident in Southeast Asia, where broadband penetration is growing rapidly but from a low base in most markets Telecom operators in these markets are investing in broadband networks and integrating with subscription-based online video platforms to help drive subscriptions. This allows online video operators to utilize carrier billing, overcoming market limitations in payment infrastructure. It’s a bet to drive online video consumption in the short term and ARPUs in the long term.”

Online video advertising accounted for less than 15% of Asia Pacific digital ad spend in 2015. This share will grow to 22% by 2021. Online video ad sales will reach approximately US$22 billion by 2021 versus US$9 billionin 2016, a 19% CAGR. China will represent more than 70% of the online video advertising pie by 2021.

In the online subscription video-on-demand (SVOD) segment, MPA expects total paying customers to grow from 177 million by 2016 to 360 million by 2021, with China contributing the majority. SVOD revenue will reach US$13 billion by 2021, a 28% CAGR from US$3.7 billion in 2016. China will again contribute the majority, representing more than 80% by 2021. The Southeast Asia SVOD opportunity will grow rapidly but from a low base, representing about US$200 million in revenue by 2021.

Asia Pacific fixed broadband subs will reach 345 million in 2016, and grow to 425 million by 2021. Average broadband household penetration will grow from 35% in 2016 to 41% in 2021. Mobile broadband will reach 79% of the Asia Pacific population by 2021, versus 46% in 2016.

For more information, please contact Lavina Bhojwani:

About Media Partners Asia

Media Partners Asia (MPA) analysts cover a variety of sectors within the media & telecoms industry, providing data, research and actionable insights that help businesses expand their reach into new markets and benchmark their current performance and future growth trajectory. Our clients include media & telecoms owners, distributors, policymakers, trade bodies, technology companies and financial institutions.

Mike Savage
Editor, Media Business Asia

VP, Content, Media Partners Asia

Dir: +852 2815 8715
Tel: +852 2815 8710
Twitter: @MediaBizAsia

Media Partners Asia Limited, Suite 13A, 50 Stanley Street, Hong Kong

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Source: Media Partners Asia

Written by asiafreshnews

April 20, 2016 at 11:23 am

Posted in Uncategorized

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