White papers, e-books & reports

E-book: 2018 Trends in the Connected World

Issue link: https://resources.irdeto.com/i/918478

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"The evolution of the media and entertainment industry has continued at pace over the past year and we are getting to a point where the landscape is almost unrecognizable from just five years ago. Much of this evolution has been driven by technology innovation, giants from other sectors entering this space, and ecosystem fragmentation. However, alongside the myriad of challenges brought up by this rapid evolution, the industry also faces the constant specter of cybercrime and piracy, a threat that continues to grow. Indeed, in 2017 we saw forecasts that piracy losses to online TV and movie piracy will nearly double to almost $52 billion by 2022. This is also part of a wider cybercrime threat that is increasingly focused on newer connected industries such as connected transport and IoT. With the increasing number of connections both in and out of the home, organizations across these industries must ensure that they protect themselves and their customers from the growing vulnerabilities. So, with this increasingly challenging landscape in mind, what does 2018 have in store? Increased competition in the industry is a trend that will only accelerate next year. The growth of the OTT sector has been emphatic, led by global players like Netflix and Amazon Prime, and next year they will be looking to extend their reach into the sports rights field, particularly for major international events. Amazon has already made significant moves in this area in 2017, including outbidding Sky for the rights to the ATP Tennis tour, and this rights battleground will only intensify next year, particularly with social media brands like Twitter and Facebook involved as well. A by-product of increasing competition across the board will be that the pace of consolidation will quicken for content owners and distributors. Regulators will recognize that competition is increasing for these players and allow deals that would previously have been unthinkable. We saw a move in this direction in November this year when the F.C.C. voted to allow a single company to own a newspaper and television and radio stations in the same town. A local example, but this vote reversed a longstanding rule designed to prevent any individual or company from having too much power over local coverage. 2018 will undoubtedly see some more interesting regulatory moves here. On the flip-side, next year could see the large online and social media companies open things up. As their scale, relative to the global economy continues to grow, it would be unsurprising to see increasing regulatory pressure to allow open-access to their platforms. As far as consumers are concerned, the behavioral trends that have largely facilitated the huge expansion in OTT are only set to continue. Consumers want content on the devices of their choosing at any time, while receiving a customized experience and value for money. As the industry works hard to continually fulfil this need, both business and consumers alike should continue be concerned about cybersecurity in a big way. Cybersecurity threats will only continue to increase next year, and areas of attack will move beyond computing platforms and networks to include gaming platforms, buildings, vehicles, transportation infrastructure and the growing number of consumer connected devices. Let's take a deeper dive into these topics as we explore what's ahead for media and entertainment, connected transport and IoT." - Doug Lowther, CEO, Irdeto

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