Pay TV Providers in the UK - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: August 2024
SIC SP0.021Revenue
£6.8bn
Past 5-Year Growth
Profit
£XXX.Xm
Employees
10,081
Businesses
4
Wages
£XXX.Xm
Pay TV Providers in the UK industry analysis
Over the five years through 2024-25, revenue will contract at a compound annual rate of 2.1% to £6.8 billion. The industry is highly concentrated, with only four companies operating in the UK, which is representative of the high barriers of entry and the significant size of the four pay TV providers. The industry has been hampered by the increasing trend for non-linear viewing through free catch-up facilities from many public service broadcasters and the expanding number of subscription video on demand (SVOD) subscriptions, which have replaced traditional media channels.
Trends and Insights
- On-demand shift and SVOD surge hit pay TV subscriptions. The consumer shift towards on-demand and non-linear viewing, coupled with intensifying competition from SVOD providers, has reduced pay TV subscribers.
- Satellite pay TV revenue faces minor dip. This decrease stems from internet-based pay TV's growing popularity, aided by aesthetic reasons and Sky's new internet offer through Sky Glass televisions.
- London is popular with pay TV providers. The capital is home to powerhouses like BT and Sky, underlining the city's stronghold on the media industry due to skilled labour and influential sporting events.
- The dominance of a few companies hampers industry entry. The pay TV industry, under the control of four main companies, presents a considerable challenge for new entrants striving to differentiate their services and gain a significant customer base.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated £6.8bn in 2024.
Trends and Insights
COVID-19 disruptions curbed innovation and open the doors for streaming
- The COVID-19 pandemic has tossed a high-speed curveball into the world of Pay TV providers. Grappling with cancelled or suspended sporting events marked the first blow as hefty revenue from sports packages entered a prolonged half-time.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
External competition will continue to encroach on pay TV subscriptions
- Competition from streaming services like Netflix will continue in the coming years.
Biggest companies in the Pay TV Providers in the UK
| Company | Market Share (%)
2025 | Revenue (£m)
2025 |
|---|---|---|
Sky UK Ltd | 3,149.8 | |
Virgin Media Finance plc | 2,689.2 | |
BT Group plc | 527.5 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Pay TV Providers in the UK
Products & Services
Industry revenue is measured across several distinct product and services lines, including Pay TV via satellite, Pay TV via the Internet and Pay TV via cable. Pay TV via satellite is the largest segment of the Pay TV Providers in the UK.
Trends and Insights
Pay TV via satellite seems to be on a slow, persistent slide when it comes to revenue share
- Pay TV's reliance on satellites is slipping, with TV via internet sweeping in and playing the game-changer. The convenience and versatility of internet-based viewing are edging traditional satellite-driven Pay TV, marking a shift in viewer preferences.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Radio Broadcasting in the UK
- Video Downloading & Streaming Services in the UK
Complementors
- Film, Video & TV Programme Distribution in the UK
- Television Programming & Broadcasting in the UK
- Internet Service Providers in the UK
International industries
- Cable Providers in the US
- Satellite TV Providers in the US
- Satellite TV Providers in Canada
- Pay Television and Internet Protocol Television Services in Australia
- Television Broadcasting in New Zealand
Table of Contents
About this industry
Industry definition
Companies in this industry distribute TV programmes and movies on a subscription or fee basis through a cable-, satellite- or internet-connected set-top box. The assembly and distribution of packages without programming, such as subscription video on demand, does not fall under this industry.
What's included in this industry?
Pay TV via cablePay TV via satellitePay TV via the internetCompanies
Sky UK LtdVirgin Media Finance plcBT Group plcPurchase this report to view all 3 major companies in this industry.
Related Terms
NON-LINEAR VIEWINGSET-TOP BOXQUAD-PLAYSVODIndustry Code
SIC 60.2 - Pay TV Providers in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
On-demand shift and SVOD surge hit pay TV subscriptions. The consumer shift towards on-demand and non-linear viewing, coupled with intensifying competition from SVOD provider...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Satellite pay TV revenue faces minor dip. This decrease stems from internet-based pay TV's growing popularity, aided by aesthetic reasons and Sky's new internet offer through...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
London is popular with pay TV providers. The capital is home to powerhouses like BT and Sky, underlining the city's stronghold on the media industry due to skilled labour and...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The dominance of a few companies hampers industry entry. The pay TV industry, under the control of four main companies, presents a considerable challenge for new entrants str...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Sky's dominance hinges on its innovative product offerings. By consistently updating its services, like the Sky Q set-top box and Sky Glass smart TV, and integrating sought-a...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Sky UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Virgin Media Finance plc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of BT Group plc's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Sky UK Ltd, and factors influencing its performance in the industry
- Description and key data for Virgin Media Finance plc, and factors influencing its performance in the industry
- Description and key data for BT Group plc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Broadcasting Code regulates aired content. It standardises and restricts what television or radio stations can broadcast, ensuring that the content observed by the public...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Pay TV's profit is hit by intensifying competition. Amid increasing competition, Pay TV providers have reduced their profit and offered enticing discounts to retain customers...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Pay TV Providers in the UK industry in United Kingdom in 2024?
The market size of the Pay TV Providers in the UK industry in United Kingdom is £6.8bn in 2024.
How many businesses are there in the Pay TV Providers in the UK industry in 2024?
There are 4 businesses in the Pay TV Providers in the UK industry in United Kingdom, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Pay TV Providers in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Pay TV Providers in the UK industry in United Kingdom has been declining at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Pay TV Providers in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Pay TV Providers in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Pay TV Providers in the UK market in United Kingdom?
The biggest companies operating in the Pay TV Providers market in United Kingdom are Sky UK Ltd, Virgin Media Finance plc and BT Group plc
What does the Pay TV Providers in the UK in United Kingdom include?
Pay TV via cable and Pay TV via satellite are part of the Pay TV Providers in the UK industry.
Which companies have the highest market share in the Pay TV Providers in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Sky UK Ltd.
How competitive is the Pay TV Providers in the UK industry in United Kingdom?
The level of competition is high and increasing in the Pay TV Providers in the UK industry in United Kingdom.
