According to the report, global FAST revenues will increase by $9.4bn between 2023 and 2029, with the US supplying $2.1bn in additional revenues to reach $6.5bn.
Global FAST revenues for TV series and movies are forecast to reach $17bn across 138 countries in 2029, according to the latest report from Digital TV Research.
This, according to the report, will be up from $8bn in 2023. The US will contribute 38% to the 2029 total, down from this year’s 56%.
The report added that global FAST revenues will increase by $9.4bn between 2023 and 2029, with the US supplying $2.1bn in additional revenues to reach $6.5bn.
By 2029, the US will be the only country generating more than $1bn in FAST revenues. The UK and Canada will be close to $1bn, with these three countries taking nearly half of the world’s total.
Commenting on the findings of the report, Simon Murray, Principal Analyst at Digital TV Research, said: “Pluto TV, Roku Channel and Samsung TV Plus will account for nearly half the global FAST revenues by 2029. The rest of the FAST market will remain fragmented, with far less globalisation than in the SVOD sector.”
