Internet-based video streaming services have been part of our lives for years. After they were created, the cord-cutting tendency started. People realize that IPTV services are more comfortable and simplify their lives. Moreover, businesses also benefit from them. How? Let’s explore that in this article.
Three Reasons IPTV Services is a Remarkable Invention
#1 Every industry can profit from the IPTV service
Every industry can enter the video streaming world and make a profit here. Everyone can have their expertise and knowledge monetized. An IPTV solution for ISP, governments, broadcasts, and content creators can become a revenue-generating source.
If you have an offline business, you still surely can start a video streaming service and share your experience with viewers. They will likely find it valuable and helpful to solve their problems.
For example, you have a fitness studio. Going online and creating videos with exercises can help you increase your income several times. Using an IPTV service, you will be able to reach people around the globe.
To launch, you will need specific IPTV video software, applications, and a CDN.
We also wanted to note that an IPTV platform can be more profitable for you than a YouTube channel. Due to the requirements that a blogger needs to meet, you cannot start monetizing your channel right away. However, an IPTV service allows you to earn money from the start.
#2 IPTV services are convenient for viewers
IPTV services are available on devices compatible with an Internet connection. As a result, people can access your service whenever and wherever they want. It brings a lot of freedom into their lives. They don’t need to follow a particular schedule when they want to watch a program. They simply enter the service and view it.
They can use any device they have to watch their favorite videos. Viewers don’t need to buy additional devices to access a specific service. They can use those they already have.
Furthermore, many IPTV services offer multi-profile features. It means that a family can have one account to purchase and several profiles within it so that each family member has their own viewing history and recommendations.
Moreover, consumers can view videos at any place they are. Whether they are in a cafe or park, they will be able to access the service.
#3 Let statistics talk
According to Mordor Intelligence reports, the IPTV market was valued at $72,24 billion in 2020. The researchers predict it to reach $194,21 billion by 2026. The CARG rate is expected to be 17,89% during the period 2023-2026.
IPTV plays an important role in a shift from traditional modes of broadcasting like cable or satellite towards internet-based streaming services. The communication technology and network infrastructure improve every day, and these enhancements influence the market.
According to Mordor Intelligence, technology development has also led to the growth of the number of IPTV users. There is a demand in the market for HD channels and VOD (video-on-demand). And the penetration of internet-based services is expanding.
The reporters say, however, that implementation of internet-based services is limited by local cable or satellite television in developing and underdeveloped countries, although governments are working on it.
IPTV services are more comfortable and give people more freedom when they decide how to spend their free time. According to researchers, internet-based services are expanding and removing traditional television like satellite or cable TV.
What is more, IPTV services allow you to reach people around the world and start monetizing your content right away. That’s why they are more profitable than any other channel.