According to the latest report by IMARC Group, titled “Streaming Media Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global streaming media devices market to grow at a CAGR of around 18% during 2021-2026.
Streaming media devices are used by consumers to stream video content on television screens. These devices, along with a good, stable internet connection, aid in browsing the content available not only on free video-sharing websites such as YouTube but also on subscription or pay-per-view services, including Netflix, Amazon Prime and Hulu. Their sales are constantly boosting across the globe, as they offer a diverse catalog of quality video content, including TV shows and movies, with an incredible viewing experience on big-screened TVs. Various attributes, such as the ability to pause, rewind and forward in these devices, unlike traditional cable TVs, offer convenience to the users. Apart from this, they can also be used to access photo apps and social media sites on bigger screens.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Streaming Media Devices Trends:
The rising internet penetration on the global level, particularly in developing countries, along with increasing digitization in various verticals, is primarily driving the growth of the market. Improved wireless connectivity and the ever-increasing library of videos offered by these services have led users to opt for online streaming services. In line with this, the inconvenience associated with traditional cable TV, including high costs, unnecessary channel subscriptions and aggressive promotional advertisements, has impelled the masses to shift toward over-the-top (OTT) streaming services with minimal ads and tailored content. Apart from this, the enhanced focus on research and development (R&D) and technological advancements in the market have led manufacturers to develop variants with improved features. For instance, Amazon has launched a Fire TV Stick having an improved Alexa-enabled remote, along with the update of screen mirroring to its devices.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Google, Inc.
- Microsoft Corporation
- Sony Corporation
- Roku, Inc.
- Samsung Electronics Co., Ltd.
- ASUSTeK Computer Inc.
- LG Electronics, Inc.
- Apple, Inc.
- Philips Electronics
- Huawei Technologies
- HiMedia Technology
- Arris Group Inc.
- D-Link Corporation
Breakup by Device Type:
- Game Consoles
- Media Streamers
- Smart TVs
Breakup by Application:
- Real-Time Entertainment
- Social Networking
Breakup by End-Use:
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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