Latin America shifts to IPTV, with 11.5 million paying IPTV homes expected by 2028

Latin America pay TV subscriber base will stay steady at 61 million, down from the peak of 73 million in 2017, following a shift from from satellite TV to IPTV, reports Digital TV Research.

The research outfit predicts pay satellite TV will lose nearly 4 million subscribers between 2022 and 2028, with 11.5 million paying IPTV homes expected by 2028 which is up from 7.9 million in 2022.

According to its findings, Brazil’s decline has bottomed out and its pay TV total will remain at 12.5 million or less than a fifth of TV households. Whereas, Mexico will settle at 17-18 million, though it has lost subscribers since its peak year of 2016 of 21 million. The country has more pay TV subscribers than Brazil despite having many fewer TV households.

Colombia and Argentina will remain stagnant around 6million and 8million subscribers respectively, with subscribers in Chile falling from 3 million to 2.7 million by 2028.

“There is a shift away from satellite TV to IPTV, which also provides broadband access,” said Simon Murray, principal analyst at Digital TV Research.