Key regions: Europe, United States, France, United Kingdom, Germany
The Traditional TV & Home Video market in Thailand has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Thailand have shifted towards on-demand streaming services and digital content consumption.
This can be attributed to the increasing availability of high-speed internet and the growing popularity of smartphones and other mobile devices. Consumers now have greater access to a wide range of digital content, including movies, TV shows, and online videos, which they can enjoy anytime and anywhere. This shift in customer preferences has led to a decline in traditional TV viewership and a rise in the demand for streaming services.
Trends in the market indicate a strong growth in the adoption of streaming services and digital platforms in Thailand. International streaming giants such as Netflix and Amazon Prime Video have entered the market, offering a vast library of content to Thai consumers. This has intensified competition in the market and has led to the development of local streaming platforms as well.
Additionally, local TV broadcasters have started offering their content through digital platforms, allowing viewers to access their favorite shows online. This shift towards digital platforms is expected to continue in the coming years, driving the growth of the Traditional TV & Home Video market in Thailand. Local special circumstances also play a role in the development of the market.
Thailand has a large and growing middle class with increasing disposable income, which has led to higher spending on entertainment and leisure activities. The government has also implemented policies to promote the adoption of digital technologies and encourage the growth of the digital economy. These factors have created a favorable environment for the expansion of the Traditional TV & Home Video market in Thailand.
Underlying macroeconomic factors such as economic growth, urbanization, and technological advancements have also contributed to the development of the market. Thailand has experienced steady economic growth in recent years, which has increased the purchasing power of consumers. Urbanization has led to the concentration of population in cities, where access to high-speed internet and digital services is more readily available.
Technological advancements have made it easier for consumers to access digital content and have improved the overall viewing experience. In conclusion, the Traditional TV & Home Video market in Thailand is developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards on-demand streaming services and digital platforms, along with the increasing availability of high-speed internet and the growing middle class, are driving the growth of the market.
As these factors continue to evolve, the Traditional TV & Home Video market in Thailand is expected to further expand in the future.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Traditional TV & Home Video and OTT (over-the-top) Services. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective segment. This spending factors in discounts, margins, and taxes.Modeling approach / Segment size:
The segment size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant segment. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.
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