Streaming Media Device Market
Streaming Media Device Market [By Type - Game Consoles, Media Streamers (Audio, Video), Smart TV’s and Others; By Application - File Sharing, Web - browsing, Gaming and Real Time Entertainment, Social Networking and Others; By End - Use - Commercial and Residential] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Press Release :
The global streaming media device market was valued at US$ 113,847.2 Mn in 2018 and is anticipated to increase at a CAGR of 17.2% from 2019 to 2027. Streaming media devices are especially designed to play, stream and control video-sharing websites such as Hulu, You Tube and Netflix. This media device enables the users to connect the video display device to the internet in order to easily access online steaming contents. Streaming media tools allow the on-demand or real-time presentation and dispersal of audio, video and multimedia content over a communication channel, usually a dedicated IP network or internet managed by a facility provider. With the introduction of streaming media, there is no need to load a file to play it, because the media is directed in a constant stream of programs, as a result, user can play the media as it arrives. Users have the capability to reverse, pause or forward the streamed file, as the user can ensure with a downloaded file. Streaming media has played an important part in stirring internet experience for both enterprises and folks.
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The streaming media device market is experiencing growth owing to factors such as easy connectivity with electronic devices, growing assimilation of digital content with streaming media devices and growing adoption of cloud services. The incorporation of the streaming media devices with digital video content, offers flexibility to watch or listen the video/audio files anytime. Adoption of cloud services to improve mobility and portability of the media devices is growing rapidly. The growing consumer preference toward access-based method, which allows subscribers to access video libraries or digital content stored in the cloud has boosted streaming device producers to spend in cloud computing services for higher profitability. Apart from this, increasing investment in webcasting to hold company expenditure is also a major factor impelling the streaming media device market to grow.
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Today’s streaming devices have replaced the traditional CDs/DVDs with streamed entertainment and education content for users. The streaming devices become a very convenient way of storing files and information for end-users. The growing adoption of smart TVs is subsequently driving the demand for streaming media device market. However, the major factors which confines the growth of the streaming media device market include low broadband penetration and higher broadband rates.
The major trend supportive to growth of streaming media devices is the rising production of in-house web series, which is anticipated to lift the demand for video content over the coming years. The streaming media devices support wireless streaming as well as wired streaming using a cabled LAN.
Smart TVs to Remain Frontrunners in Global Streaming Media Device Market
The global streaming media device can be segmented on the basis of type, application, end-use and region. By type, the streaming media device market is segmented into smart TVs, media streamers and gaming consoles. The application based segmentation includes social networking, web-browsing, gaming, real-time entertainment, and E-learning. On the basis of end-use, the streaming media device market is segmented into commercial and residential. Geographically global streaming media device market is segmented in North America, Europe, Asia-Pacific, Middle East and Africa and South America.
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North America to Lead Global Market with Asia Pacific Following Closely
North America is estimated to hold the major share in the market owing to the tech savvy population in this region. Furthermore, Asia Pacific is anticipated to be among the major adopters of the streaming media device during the forecast period. The streaming media device market in the Asia Pacific region is in its promising stage, and the rising inclination of users toward advanced technological products is expected to improve the growth in the region. Besides this, the growing adoption of video-on-demand services and growing awareness about streaming devices is also anticipated to boost the demand for streaming media devices in Asia Pacific region.
The major players in the global streaming media player market includes
- Google, Inc.
- Sony Corporation
- Roku, Inc
- Samsung Electronics Co., Ltd.
- ASUSTeK Computer Inc.
- LG Electronics, Inc.
- Apple, Inc.
- Philips Electronics.
Streaming Media Device Market - Scope of the Report
A latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global streaming media device market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the streaming media device market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the streaming media device market is expected to progress during the forecast period 2019-2027.
The report offers intricate dynamics about the different aspects of the streaming media device market that aids companies operating in the market in making strategic development decisions. TMR’s study elaborates on the significant changes that are highly anticipated to configure the growth of the streaming media device market during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the streaming media device market, and estimate statistics related to the market progress in terms of value (US$ Mn) and volume (Mn Units).
This study covers a detailed segmentation of the streaming media device market, along with cross-country analysis, key information and a competitive outlook. The report mentions the company profiles of key players that are currently dominating the streaming media device market, wherein, various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail.
Key Questions Answered in TMR’s Report on the Streaming Media Device Market
The report provides detailed information about the streaming media device market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the streaming media device market, so as to help them make successful strategies and take target-driven decisions.
- Which regions will continue to remain the most profitable regional markets for streaming media device market players?
- Which factors will induce a change in the demand for streaming media device during the assessment period?
- How will changing trends impact the streaming media device market?
- How can market players capture low-hanging opportunities in the streaming media device market in developed regions?
- Which companies are leading the streaming media device market?
- What are the winning strategies of stakeholders in the streaming media device market to upscale their position in this landscape?
- What will be the Y-o-Y growth of the streaming media device market between 2019 and 2027?
- What are the winning imperatives of market frontrunners in the streaming media device market?
Research Methodology – Streaming Media Device Market
The research methodology adopted by analysts to compile the streaming media device market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the streaming media device market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the streaming media device market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, industry association publications, and company websites to obtain the necessary understanding of the streaming media device market.
Streaming Media Device Market – Segmentation
TMR’s research study assesses the streaming media device market on the basis of type, application, end-use, and region. The report presents extensive market dynamics and progressive trends associated with different segments, and how they influence the growth prospects of the streaming media device market.
Middle East & Africa