Press release
Streaming Devices Market in Consumer Electronics By Key Players: Matricom, Roku, Google LLC, Amazon, Nvidia, Sling Media, Apple, Sony Electronics, Xiaomi
Global Market Insights
Streaming Devices Market is anticipated to reach a revenue of over USD 25 billion over the forecast timespan. A major factor contributing to this demand is the shift of consumers away from traditional TV viewing, such as satellites and cable TVs, to the digital platforms. This trend is highly amplified in the North American and European regions, where the provision of fast broadband services is very high. Cable and satellite packages can amount to prices ranging upwards of USD 50 per month with additional charges for installation, maintenance, and a-la-carte channels, propelling the growth of the streaming devices market.
For instance, in the U.S., the shift toward non-traditional viewing is occurring with over 2 million users yearly terminating traditional subscriptions. Consumers are increasingly subscribing to Over-the-Top (OTT) platforms, such as Netflix, Hulu, and Amazon Prime, owing to their low-priced and flexible packages.
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Top Key Players: -
Streaming devices market players include Matricom, Roku, Inc., Google LLC, Amazon, Nvidia Corporation, Sling Media LLC., Apple, Inc., Sony Corporation, Xiaomi, Inc., and TiVo.
Regional Segmentations: -
The availability of fast broadband services and accessibility in remote locations are aiding the growth of the Europe and North America streaming devices market. The UK has 62.1 million users and a 94.2% population that has access to the continuous internet. Additionally, the increase in binge-watching and cord-cutting has aided in the industry growth. OTT providers, such as Netflix, allow consumers the added benefit of using their services at any time, substantially aiding users with hectic working schedules.
The Asia Pacific market provides high potential for growth with a CAGR of around 25% during the forecast timespan owing to the improvements in the economic conditions, primarily in countries such as China and India. The economic boom in this region is aiding the middle-class population to purchase luxury and high-end products with the increase in disposable income.
Competitive Market: -
Partial Chapter of the Table of Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Streaming devices industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Pricing trends
2.1.4. Resolution type trends
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The streaming devices market by pricing indicates that the USD 30–100 pricing range is dominating in terms of revenue and shipment in 2016. Consumer tendency to purchase low-cost electronic devices, primarily in the Asia Pacific and the Latin America region, is anticipated to drive the streaming devices market demand.
There is a large availability of low-cost devices, such as the Google Chromecast and the Amazon Fire TV stick, that provide streaming services and are fully compatible with HD, UHD, and low-resolution systems without excessive spending on the products.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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