IPTV subscribers hit 3.6 million in 2006, generating almost 1 billion euros in annualized revenues. Western Europe accounts for two-thirds of worldwide IPTV subscribers. The top five IPTV providers by subscriber base account for just over 60% of the market. 2007 will see accelerated growth in Asia and North America. The top three providers globally according to Canalys are PCCW on 18.2% share, France Telecom with 16.8% and Free Telecom on 14.0%. These are joined in the top five by Telefonica and Fastweb.