A new report from Pyramid Research predicts that U.S.-based service providers will be rewarded with a bountiful revenue return from their IPTV service investments. The research firm forecasts that IPTV services will grow from $2 billion in 2008 to $15 billion by 2014. Driven primarily by the growth of mobile and IP networks, the U.S. services market, which includes standard pay-TV, produced $359 billion in revenue last year. Pyramid says this market will grow at a compound annual growth rate (CAGR) of 2.5 percent from end of this year to the end of 2014, reaching $406 billion in 2014.
"Most of the growth will be attributed to mobile data and IP networks," Dan Locke, senior analyst at Pyramid Research, said in a release. "Mobile data is already larger than fixed broadband, and it will surpass fixed voice (PSTN + VoIP) in 2011, climbing from $36 billion in 2008 to $94 billion in 2014."
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