At the end of June 2017, more than three quarters of homes in the 28 countries in the European Union (EU28) had access to high-speed broadband services.
More than half of internet users surveyed in the US, UK, Brazil, Japan and Germany watched video content out of their homes at least once a month, according to IHS Markit.
The cord-cutting trend that threatens the future of the global pay-TV industry was not confined solely to the US in 2017; total pay-TV subscriptions also declined in 13 other markets.
Online subscription video market in MENA grew at a rate that was six times faster than pay TV in 2017, as political shockwaves reversed pay TV growth, according to Constantinos Papavassilopoulos, principal research analyst, IHS Markit.
Starz Play Arbia is leading the SVOD market in the MENA region with 26% of market share compared to Netflix at 16% and Icflix at 11%, according to a study by IHS Markit.
Digital pay TV subscriptions around the world, including cable, satellite and IPTV, exceeded one billion for the first time in 2017.
With ownership of TV programming rights becoming a vital asset in the international TV market, production company mergers and acquisitions have continued to rise over the past five years.
With consumer television prices falling, global shipments of organic light-emitting diode (OLED) TVs grew 133 percent year over year, reaching a new monthly record of 270,000 units in November 2017, during the lead-up to the holiday shopping season.
The European cable industry continued to show resiliency and steady growth in 2016, increasing 4% from the prior year, to €23.5 billion, according to the latest findings from the European Broadband Cable Yearbook from IHS Markit and Cable Europe.
Global demand for flat panel displays by area is forecast to grow 7.2% to 210 million square meters in 2018 compared to 2017, according to IHS Markit. That will be the biggest annual growth since 2014.