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AI Transformations in the TV Market, USD 64.7 Billion Growth Forecast (2024-2028) Driven by Innovation and Premium Products – Technavio Report

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NEW YORK, Nov. 22, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global television market size is estimated to grow by USD 64.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.85%  during the forecast period.  Product innovation and advances leading to portfolio extension and product premiumization is driving market growth, with a trend towards advent of 8k UHD televisions. However, lack of 4k content  poses a challenge. Key market players include Apple Inc., Changhong, Elitelux Australia, Funai Electric Co. Ltd., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Koninklijke Philips N.V., Konka Group Co. Ltd., LG Electronics Inc., Micromax Informatics Ltd., MIRC Electronics Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sharp Corp., Skyworth Group Ltd., Sony Group Corp., TCL Electronics Holdings Ltd., Videocon Industries Ltd., VIZIO Holding Corp., and Xiaomi Communications Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (UHD and HD), Display Size (Upto 43
inches, 55-64 inches, 48-50 inches, and Greater
than 65 inches), Display Type (LCD and OLED),
and Geography (APAC, North America, Europe,
South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America,
and Middle East and Africa

Key companies profiled

Apple Inc., Changhong, Elitelux Australia, Funai
Electric Co. Ltd., Haier Smart Home Co. Ltd.,
Hisense International Co. Ltd., Koninklijke Philips
N.V., Konka Group Co. Ltd., LG Electronics Inc.,
Micromax Informatics Ltd., MIRC Electronics Ltd.,
Panasonic Holdings Corp., Samsung Electronics
Co. Ltd., Sharp Corp., Skyworth Group Ltd., Sony
Group Corp., TCL Electronics Holdings Ltd.,
Videocon Industries Ltd., VIZIO Holding Corp., and
Xiaomi Communications Co. Ltd.

 

Key Market Trends Fueling Growth

The television market is witnessing significant advancements in display resolution technology, with 8K televisions gaining traction. At CES 2018, 8K resolution televisions were introduced, offering a higher resolution standard than 4K, with approximately 8,000 horizontal pixels. Although some vendors, including LG, Samsung, and Sony, have launched 8K television series, these are currently not consumer-grade and are available at premium prices. Vendors are expected to ramp up production of affordable consumer versions in the coming years. The development of 8K-compatible content is also crucial for the growth of this market. Overall, the increasing demand for high-resolution display devices and enhanced content creation is driving the adoption of 8K televisions. 

The Pay TV industry is evolving with new trends shaping the future market landscape. Pay TV models, including postpaid and prepaid services, are gaining popularity, especially in commercial sectors. Acquisitions of content providers and TV-as-a-Service (TVaaS) models are on the rise. Premium UHD content is driving demand, with territories in the technological segments of cable and satellite, as well as internet protocol, competing for consumer attention. Potential investors are eyeing the ecosystem, which includes traditional cable and satellite, digital television, and consumer electronics like Smart TVs, LCD, LED, and OLED screens. The industry offers opportunities in entertainment programs, data programs, and technologies like gaming and console compatibility. The evolution of consumer electronics, including eco-friendly designs and bezel-less displays, is also impacting the market. 

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Market Challenges

The adoption of Ultra High Definition (UHD) televisions is hindered by the limited availability of 4K content. This issue is compounded by the proprietary nature of 4K media, which restricts access to a significant portion of 4K videos. Over-the-top (OTT) platforms such as Sky, BT, Amazon, and Netflix are working to address this issue by adding 4K content to their offerings. However, access to these premium 4K videos comes at an additional cost. The primary challenges with 4K and 8K resolutions are the in-home capabilities and content distribution. Broadcasters have yet to produce 4K content due to the high capital investment required for contribution and distribution. Consequently, operators may not be incentivized to provide 4K UHD set-top boxes to consumers, creating a gap between demand and supply. This content gap is expected to hinder the growth of the global television market during the forecast period.The television market is undergoing significant changes with the evolution of consumer electronics. Internet-connected, storage-aware computers have transformed content delivery, enabling access to streaming services and gaming console compatibility. Smart TV enhancements like LCD, LED, and OLED displays offer technologies such as bezel-less and frameless designs. Eco-friendliness, home office integration, and TV as art are new trends. OLED displays and curved displays add value, while foldable displays are an emerging technology. The pay TV market, including cable TV, Direct-to-Home, and fiber optic services, faces competition from disposable incomes and emerging economies fueling consumer appetite for high-definition content and over-the-top platforms. Valuation of the market relies on content integration, viewer preferences, and ultra-high-definition services. Content security systems cater to residential sectors and housing units, catering to the needs of various consumers. Spotv, a new player, aims to disrupt the market with innovative offerings.

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Segment Overview 

This television market report extensively covers market segmentation by

Technology 1.1 UHD1.2 HDDisplay Size2.1 Upto 43 inches2.2 55-64 inches2.3 48-50 inches2.4 Greater than 65 inchesDisplay Type3.1 LCD3.2 OLEDGeography 4.1 APAC4.2 North America4.3 Europe4.4 South America4.5 Middle East and Africa

1.1 UHD-  The television market is a significant sector in media and entertainment. Broadcasters and streaming services compete to provide engaging content to viewers. Advertisers invest heavily to reach audiences through commercials and sponsorships. Consumers continue to demand high-quality programming and convenient viewing options. Innovations like smart TVs and on-demand services shape the market’s future. Industry growth is steady, driven by advancements in technology and consumer preferences.

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Research Analysis

The Pay TV market continues to evolve, with various technological segments including Cable TV, Direct-to-Home, and Fiber optic services, catering to the insatiable consumer appetite for high-definition content. Over-the-top platforms have disrupted traditional TV viewing, offering on-demand access to premium content in Ultra-High-Definition (UHD) and technologies. Smart TV capabilities enable seamless content integration and access to eco-friendly features like energy-saving modes. Territories and markets differ, with cable and satellite dominating the residential sector, while the commercial sector embraces Internet Protocol (IP) solutions. Innovations like OLED displays, Bezel-less and Frameless designs, TVs as art pieces, Curved displays, and Foldable displays add to the excitement. UHD content and technologies are the future, transforming the TV viewing experience.

Market Research Overview

The Pay TV market encompasses various segments, including Cable TV, Direct-to-Home (DTH), Fiber optic services, and Over-the-top (OTT) platforms. Valuation of this industry is driven by consumer appetite for high-definition content and advanced Smart TV capabilities. Technological segments like Ultra-High-Definition (UHD) services and Content Security Systems are gaining traction. Residential sectors, particularly housing units, are significant contributors to the Pay TV industry. Viewer preferences and Pay TV models continue to evolve, with acquisitions and TV-as-a-Service (TVaaS) models emerging. Commercial sectors, potential investors, and territories are also part of the ecosystem. Traditional cable TV and premium content are being challenged by UHD content and technological advancements like internet protocol, gaming, and technologies. Consumer electronics evolution, such as LCD, LED, OLED, and eco-friendly designs, are enhancing the TV viewing experience. The future market landscape includes bezel-less, frameless designs, TV as art, curved displays, and foldable displays. Disposable incomes and emerging economies are expanding the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyUHDHDDisplay SizeUpto 43 Inches55-64 Inches48-50 InchesGreater Than 65 InchesDisplay TypeLCDOLEDGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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IMCC Launches “DEEP C” Digital Transformation Program to Advance Operational Excellence

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KUWAIT CITY, April 24, 2026 /PRNewswire/ — International Marine Construction Company (IMCC) has announced the launch of its company-wide corporate transformation program, “DEEP C,” during a launch event held on 20 April 2026, bringing together employees from across the organization under the ethos of “Think New, Act New.”

 

 

The “DEEP C” program marks a significant milestone in IMCC’s evolution, reinforcing its commitment to operational excellence, strengthened governance, and sustainable growth through the adoption of integrated digital systems and data-driven practices.

At the core of the initiative is a structured transformation model built around five strategic pillars — Drive, Enable, Execute, Perform, and Connect — designed to ensure alignment between strategy, execution, and measurable business outcomes across all functions.

The program reflects IMCC’s ambition to embed a forward-looking, performance-driven culture across the organization, enabling more efficient operations, improved decision-making, and greater alignment across its business functions.

Speaking at the launch, Maen Razouqi, Vice Chairman and CEO of IMCC, emphasized the strategic importance of the initiative, stating that the program represents a step-change in how the company operates, with a clear focus on accountability, integration, and measurable outcomes. As Chair of the DEEP C Steering Committee, he reaffirmed IMCC’s commitment to driving this transformation across all levels of the marine sectors and its solutions.                                             .          

He further noted that the program reflects what IMCC stands for as a business, placing our customers and people at the center, driving performance with discipline, and delivering sustainable returns, while strengthening its commitment to all stakeholders, from clients to employees.

Khalid Al-Bustan, Vice Chair of the DEEP C Steering Committee and Head of the Program, highlighted the execution approach, noting that the initiative will enable the business through digital tools, standardized processes, and stronger cross-functional alignment to deliver sustainable results.                             .

He added that, in line with the vision of the Board of Directors the “DEEP C” Transformation Program will support the business in achieving more consistent and measurable outcomes, while ensuring that our customers and people remain at the core of how the organization operates.

As part of IMCC’s broader commitment to environmental, social, and governance (ESG) principles, the “DEEP C” program supports the development of more transparent, efficient, and resilient operations across its activities globally. By enhancing governance standards, strengthening operational performance, and investing in people and systems, the initiative contributes to supporting long-term sustainability and reinforcing regional collaboration within the energy and marine sectors.

The program will be rolled out in phases, supported by a structured governance framework and clear performance metrics to ensure effective implementation and long-term value creation.

The launch of “DEEP C” reflects IMCC’s continued focus on innovation and transformation as it strengthens its position as a leading offshore and marine services provider in the region and globally.

About IMCC

International Marine Construction Company (IMCC), established in 1974, is one of Kuwait’s longest-standing offshore and marine service providers supporting the energy, maritime, and infrastructure sectors.

IMCC delivers integrated offshore and marine solutions, including marine construction, subsea services, offshore logistics, vessel operations, and port and terminal support, backed by strong engineering capability and high operational standards.

With over five decades of experience, IMCC has built a strong regional presence across Kuwait and the GCC, supported by strategic partnerships and a commitment to safety, quality, and performance in all operations.

The company continues to invest in modern assets, digital capabilities, and people to support the evolving needs of the energy and marine sectors.

For more information, please visit:
www.1imcc.com
https://www.linkedin.com/company/international-marine-construction-co-imcc/

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Photo – https://mma.prnewswire.com/media/2965025/Maen_Razouqi.jpg

 

 

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LexisNexis introduces Protégé General AI in Hong Kong, expanding secure, integrated access to general purpose AI for legal professionals

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HONG KONG, April 24, 2026 /PRNewswire/ — LexisNexis® Legal & Professional, a leading global provider of AI‑powered analytics and decision tools, today announced the availability of LexisNexis Protégé™ General AI for customers in Hong Kong. Protégé General AI is available within Lexis+® Hong Kong, expanding the personalised agentic AI capabilities of Protégé to provide secure access to general‑purpose AI within a single platform.

As legal work becomes increasingly AI-powered, Protégé General AI offers a private, encrypted solution that enables legal professionals to conduct a wider range of AI-assisted work without switching tools. With the click of a toggle, users can move seamlessly between Protégé Legal AI and Protégé General AI, allowing them to manage both legal-specific and everyday tasks within a single, secure environment.

Protégé General AI is designed for legal professionals and developed with strong levels of privacy, security, and flexibility. It enables users to conduct general research, explore topics, draft communications intended for both legal and non-legal audiences, and enrich legal work with real-world context, while remaining within the LexisNexis ecosystem ensuring data security and privacy.

General AI responses are supported by web content, and where legal context is relevant, currently grounded through LexisNexis verification capabilities, helping users work with greater confidence across a broader range of tasks.

“Legal professionals in Hong Kong are increasingly looking for ways to use AI across more of their day-to-day work, without compromising privacy or control,” said Michael Sit, Managing Director, Hong Kong and Greater China, LexisNexis. “Protégé General AI brings general-purpose AI and authoritative legal AI together in one secure platform, supporting uninterrupted workflows and more consistent outcomes which is very important for HK based lawyers who are often working across multiple continents and matters.”

By securely integrating Protégé General AI and Protégé Legal AI within Lexis+ Hong Kong, LexisNexis enables legal professionals to choose the appropriate AI experience for each task. Legal-specific work continues to be supported by authoritative LexisNexis legal content, while general-purpose tasks are supported within the same secure platform.

The launch of Protégé General AI in Hong Kong marks an important step in LexisNexis’ continued expansion of its agentic AI platform. Following the April availability, LexisNexis plans to progressively introduce additional Protégé capabilities and enhancements in the second half of the year.

Protégé is developed responsibly with human oversight and is built on the LexisNexis global technology platform, which integrates extractive AI, generative AI, and agentic AI. Customer inputs are not used to train any LLM models, and enterprise-grade security and governance are embedded throughout the platform.

As part of the expanding Protégé experience within Lexis+ Hong Kong, LexisNexis has also introduced Protégé Vault for Hong Kong customers. Vault provides a secure, persistent workspace that allows users to upload, store, and revisit documents over time, supporting analysis, drafting, and comparison tasks grounded in their own firm’s materials.

For more information on LexisNexis Protégé™, visit the official website here.

About LexisNexis Legal & Professional

LexisNexis® Legal & Professional provides AI-powered legal, regulatory, business information, analytics, and workflows that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,900 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

About RELX

RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £72.5bn | €87.4bn | $91.6bn

 

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SOURCE LexisNexis

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XRP Healthcare: XRPHAI, a Utility Token Rewarding Healthy Actions, to Go Live on MEXC April 27 at 10:00 AM UTC

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DUBAI, UAE, April 24, 2026 /PRNewswire/ — XRP Ledger-powered utility token driving the XRPH AI ecosystem, with XRPHAI Rewards activating April 28 and enhanced rewards for XRPH holders to follow shortly. See the official MEXC announcement: https://www.mexc.com/announcements/article/17827791535042.

 

 

XRP Healthcare, the first AI healthcare platform built on the XRP Ledger, today confirms that $XRPHAI (the “XRPHAI” utility token) will go live for trading on MEXC at 10:00 AM UTC on April 27, 2026, marking the next phase in the evolution of its unified XRPH AI ecosystem. The XRPH AI Rewards system will activate on April 28, enabling users to begin earning rewards for healthy actions within the XRPH AI App through verified participation.

This marks the first time XRPHAI has been made available for trading, with no prior market activity, private sale, or exchange listing. The initial listing on MEXC provides users with first access to the token as it enters the market.

MEXC has recently undertaken a platform-wide rebrand focused on strengthening its global presence and advancing its position among leading digital asset exchanges. Serving over 40 million users across more than 170 countries, the exchange continues to expand its offering through the introduction of new projects and infrastructure designed to support long-term growth.

XRP Healthcare operates as a connected ecosystem where technology, application, and user engagement work together. XRPH serves as the foundational token layer, while XRPHAI operates as the utility token powering rewards within the XRPH AI App. This structure aligns platform activity with real-world healthcare engagement, ensuring scalability and practical use.

XRPHAI enables a system designed to reward verified healthcare participation within the XRPH AI App. Users can earn XRPHAI through AI-guided health interactions, CalmXRPH wellness sessions, image-based health assessments, educational participation and referrals, as well as through use of the XRPH Prescription Savings Card across more than 68,000 pharmacies in the United States, including Walmart, CVS, and Walgreens. This model introduces a practical approach to digital healthcare, linking real engagement with measurable rewards.

The XRPH AI App and XRPH Wallet are designed to operate seamlessly together, allowing users to earn XRPHAI within the app, transfer rewards directly to the wallet, and hold, manage, or utilise those rewards within the broader ecosystem. This integration connects user participation with underlying infrastructure in a single, unified experience.

Following the initial activation of the rewards system, XRP Healthcare expects to introduce an enhanced rewards layer shortly afterwards. This will enable users holding XRPH in the XRPH Wallet to receive increased XRPHAI rewards, directly linking long-term participation and token holding with greater earning potential across the ecosystem.

Global healthcare represents an estimated $10 trillion market, with digital health continuing to expand rapidly. With over 6.8 billion smartphone users worldwide and growing daily, healthcare delivery is increasingly shifting toward accessible, mobile-first platforms, positioning XRP Healthcare at the intersection of artificial intelligence, mobile technology, and real-world healthcare engagement on a global scale.

XRPHAI will be listed on MEXC at 10:00 AM UTC on April 27, 2026. The XRPH AI Rewards system will go live on April 28, ensuring that market trading and price discovery occur first, followed by reward activation aligned with a live market environment.

XRPHAI has a fixed maximum supply of 1,000,000,000 tokens, with the issuing account permanently disabled (commonly referred to as ‘blackholed’) to prevent any additional minting, reinforcing a transparent and finite token structure. Further details are available in the whitepaper: https://www.xrphealthcare.ai/docs/ai/xrph-ai-white-paper.pdf.

At the core of the system is Proof of Health™, a model designed to reward verified AI-driven healthcare engagement through a structured digital rewards system. Powered by XRPHAI and supported by XRPH infrastructure, this model ensures that participation is measurable, meaningful, and aligned with real-world outcomes.

Following its initial listing, XRP Healthcare intends to pursue additional listings on higher-tier exchanges throughout 2026, supporting broader access, increased liquidity, and continued ecosystem growth.

XRP Healthcare continues to focus on expanding its AI-driven healthcare ecosystem, with ongoing development aimed at increasing user engagement, accessibility, and real-world application.

Kain Roomes, Founder and CEO of XRP Healthcare, said:

“We are building a connected healthcare ecosystem where participation, technology, and real-world use come together. XRPHAI enables us to reward meaningful engagement at scale, while maintaining a strong foundation through XRPH.”

Laban Roomes, Co-Founder and Chief Operating Officer of XRP Healthcare, added:

“This has always been about building one ecosystem. XRPH provides the foundation, and XRPHAI introduces a structured way to reward participation within the XRPH AI App. The integration between the app and the wallet ensures users can move seamlessly across the ecosystem while benefiting from their engagement.”

For more information, visit https://www.xrphealthcare.ai/docs/ai/xrph-ai-white-paper.pdf and https://www.xrphealthcare.ai/xrphai-rewards.

About XRP Healthcare

XRP Healthcare is the first AI healthcare platform built on the XRP Ledger, combining artificial intelligence, digital health infrastructure, and blockchain interoperability to expand global access to healthcare services. Through its XRPH AI platform and healthcare infrastructure strategy, the company is building a scalable model that connects digital engagement with real-world healthcare delivery.

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Media Contact
Sarah James
info@xrphealthcare.com

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