Navigating the Future: Connected TV Market Anticipates Staggering 13.3% Growth to Hit 32.62 Billion USD by 2029
Connected TV (CTV) industry has achieved a staggering valuation of 13.61 Billion USD in the year 2022. The market is poised for exponential growth, projected to soar at a remarkable Compound Annual Growth Rate (CAGR) of 13.3% Connected TV Market Overview: The Connected TV Market is defined by dynamic and varied trends across numerous industries as of January 2022, when I last updated my understanding. Businesses are negotiating a changing terrain as a result of the rapid improvements in technology, particularly in fields like digital transformation, renewable energy, and artificial intelligence. The COVID-19 epidemic has driven e-commerce, remote work, and digitization further, changing supply chain dynamics and customer behavior. Environmental concerns and sustainable practices are becoming more and more popular, impacting business plans and consumer decisions. International commerce relations are still significantly shaped by geopolitical issues. In general, the market offers a m