In the UK, the Pay-TV subscriptions market has shown consistent growth from 2013 to 2023, reaching 19.7 million units in 2023. Between 2022 and 2023, the year-on-year growth was 1.03%. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) averaged at 1.37%. Observing the CAGR over a more extended period, from 2013 to 2018, it was significantly higher at 2.83%, demonstrating a more rapid expansion during the early years.
Forecasts from 2024 to 2028 predict a slower but steady annual growth rate, with a five-year CAGR of 0.89% and an overall growth rate of 4.53%, reaching 20.88 million units by 2028.
Future trends to watch for include the increasing competition from streaming services, evolving consumer preferences towards on-demand content, potential impacts of regulatory changes, and technological advancements in content delivery that may influence Pay-TV subscriptions.
