Set-Top Boxes Market - How COVID19 impacting on the Information Technology Industry?

United States,Washington: A set-top box is an information device that contains TV-tuner input and displays output to a television set. Set-top boxes are used in cable television, over-the-air television, and satellite television. The primary function of a set-top box is to convert the input signal into a compatible signal that provides the required audio, video, and web pages as output. The signal from the set-top box can be sourced from satellite receivers, cable connections, or broadband lines. Set-top boxes enhance television features by providing multiple channels and enable the customer to avail benefits of video on demand (VoD), pay per view, and interactive features with the help of TV.

The global set-top boxes market is estimated to account for US$ 33.5 Bn in terms of value by the end of 2027.

Global Set-Top Boxes Market and Competitive Analysis

Know your current market situation! Not only a vital element for brand new products but also for current products given the ever-changing market dynamics. The study allows marketers to remain involved with current consumer trends and segments where they'll face a rapid market share drop. Discover who you actually compete against within the marketplace, with Market Share Analysis know market position, to push Share and Segmented Revenue of Set-Top Boxes Market

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The Leading Key Players during this Industry: Humax Co., Ltd., Sagemcom SAS, Huawei Technologies Co., Ltd., Kaonmedia Co. Ltd., Technicolor SA, EchoStar Corporation, ADB (Advanced Digital Broadcast) SA, ARRIS Group, Inc., Apple, Inc., and Samsung Electronics Co. Ltd.

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APAC held dominant position in the global set-top boxes market in 2019, accounting for 39.1% share in terms of value, followed by Europe and North America respectively.

Increasing demand for internet-based services is posing major challenge for set-top box market. Increasing demand for Internet-based services is posing a challenge for the set-top box market. According to the Cisco VNI Index, the global Internet video traffic is expected to rise at a CAGR of 33% during 2014 to 2019 and is expected to reach 105.2 Exabytes per month. The demand for the internet-based connected devices is expected to boost OTT channel broadcasting in the near future. According to Ericsson ConsumerLab TV & Video Consumer Trend Report 2012, 20% of the respondents that were surveyed planned to eliminate or reduce their traditional TV package as the OTT services were cheaper than TV. Thus, these factors are expected to restrain growth of the global set-top boxes market during the forecast period.

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Coherent Market Insights: The research report on Set-Top Boxes is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have studied the historical data and compared it with the changing market situations. The report covers all the necessary information required by new entrants as well as the existing players to gain deeper insight.

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