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Global Streaming Devices Market: Increasing Demand For Streaming Services To Drive The Market

10-29-2021 10:26 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: Evolve Business Intelligence

Global Streaming Devices Market: Increasing Demand

The global Streaming Devices market size was valued at $9.43 Billion in 2020 and is expected to reach $26.27 Billion by 2028 growing at the CAGR of 13.31% from 2021 to 2028.

Streaming media devices can be considered a gateway to the world of on-demand streaming and digital content. This form of technology is taking the viewing public by storm, allowing users do away with having to download huge files onto their computers or mobile devices. Users can also access and virtually organize their massive media library through one streamlined interface.

These benefits, plus factors such as the growing interest in online streaming services and its popularity in business settings for marketing purposes will all help to continue expanding industry sectors that will offer additional growth; we don't see any end in sight for this thriving market!

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Key Players

Some of the major Streaming Devices players holding high market share include Google, Amazon, and Apple Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Google
● Amazon
● Apple Inc.
● Humax
● Intel Corporation
● Nvidia Corporation
● Roku, Inc.
● Xiaomi Inc
● Sony Corporation
● Microsoft Corporation

The recently published research report on Global Streaming Devices Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Streaming Devices market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Streaming Devices market report also includes the following data points:
● COVID19 Impact on Streaming Devices market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Streaming Devices market

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Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of Streaming Devices Market:
o Hardware
o Software

Market Segment By Sales Channel with focus on market share, consumption trend, and growth rate of Streaming Devices Market:
o Online
o Offline

Market Segment By Price Range with a focus on market share, consumption trend, and growth rate of Streaming Devices Market:
o Low
o Medium
o High

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The streaming devices market in the North America is expected to lead the global market with high growth rates during the forecast period. A majority of the population in the North America is connected with the Internet. If connected to the Internet, people can stream movies or music through online movies or music streaming services using streaming devices. The penetration of smartphones in the North America is also the highest in the world. Hence, people can stream movies or music through smartphones as well.

Evolve Business Intelligence
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Contact: +1 773 644 5507 / +91 635 396 3987

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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