TV Apps and Services Market to Reach $14 billion by 2017
SEATTLE--(BUSINESS WIRE)--- The connected TV apps and services market is expected to explode in the next five years as new app frameworks in smart TVs, net-tops (i.e. Apple TV, Roku), Blu-ray devices and game consoles serve as the foundation for a new TV app economy. NextMarket Insights forecasts the US TV app economy to reach $14 billion by 2017, up from under $4.5 billion in 2012. “Market growth will be driven by a number of monetization models,” says Michael Wolf, Chief Analyst for NextMarket Insights. “The growth of app-delivered subscriptions, virtual pay-TV bundles, advertising, premium apps, in-app purchases, transactional content and...
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