By 2018, the number of international Netflix subscribers will overtake the number of US domestic subscribers, according to new analysis released by IHS Markit. It also says the streaming service will hit 100 million subscribers by 2018.

“At the moment, Netflix has 79.9 million total paying subscribers,” said Irina Kornilova, senior analyst at IHS Technology. “By 2018, international subscribers will overtake the number of subscribers in the US for the first time, and by 2020, Netflix will have 75 million international subscribers.”

The total number of Netflix subscribers grew 30 percent between 2014 and 2015 and is forecast to grow 21 percent in 2016 as territorial expansion reaches its peak, IHS Technology says.

By 2018, Netflix will break the 100 million-subscriber mark. The number of Netflix International paying subscribers will grow 38 percent in 2016, with more than 2.8 million of these new paying subscribers coming from the new markets that Netflix launched in at the beginning of this year.

By 2020, Netflix global revenues are expected to reach $13 billion, with 53 percent accounted for by Netflix International markets. Domestic streaming revenues are expected to hit $6.2 billion by 2020, and international revenues to reach $7 billion.

Netflix will continue with localization and development of new territories through 2017 and 2018. As a result the new territories are forecast to grow their paying membership base by 133 percent and 62 percent in 2017 and 2018, respectively. By 2020, subscribers in countries rolled out in 2016 will represent a quarter of all international subscribers, reaching 19 million.

(www.ihsmarkit.com)