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Streaming Media Devices Market Trends, Growth Rate, Tremendous Revenue And Forecast By 2032 || Google LLC, Sony Corporation, Roku Inc., Samsung Electronics Co. Ltd., Apple Inc
Streaming Media Devices Market
Streaming Media Devices Market Size, Growth Rate, And Forecast
The global streaming media devices market size is expected to grow from $12.31 billion in 2022 to $14.42 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global streaming media devices market size is expected to reach $26.84 billion in 2027 at a CAGR of 16.8%.
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Streaming Media Devices Market Drivers
The rise in the popularity of video game streaming is significantly contributing to the growth of the streaming media devices market going forward. Video game streaming refers to a type of real-time video social media that combines traditional broadcasting with internet gaming. The major characteristics of video game live streaming are real-time, sociability, and suspense. Streaming media devices are used for streaming live video game content on television sets. For instance, in May 2021, Esports Charts, a US-based analytical organization gathering all esports data, streaming, and presenting factual information, during the Free Fire World Series (FFWS) 2021 Singapore an eSports event reached 5.41 million peak viewers which is 168 % increase compared to FFWS 2019 Rio which reached 3.9 million peak viewers. Therefore, the rise in popularity of video game streaming will drive the steaming media devices market.
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Streaming Media Devices Market Segments
• By Device Type: Game Consoles, Media Streamers, Smart TVs
• By Application: E-Learning, Web-Browsing, Gaming, Real-Time Entertainment, Social Networking
• By End-Use: Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the streaming media devices market.
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Streaming Media Devices Market Key Players
Major competitors in the streaming media devices market are Google LLC, Sony Corporation, Roku Inc., Samsung Electronics Co. Ltd., Apple Inc., Amazon.com Inc., Nvidia Corporation, Koninklijke Philips N.V., Huawei Technologies Co. Ltd., HiMedia Technology Limited, ARRIS International Limited, D-Link Corporation.
The Business Research Company's "Global Streaming Media Devices Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Streaming Media Devices Market Include:
1. Executive Summary
2. Streaming Media Devices Market Characteristics
3. Streaming Media Devices Market Trends And Strategies
4. Streaming Media Devices Market - Macro Economic Scenario
5. Streaming Media Devices Market Size And Growth
………………
27. Streaming Media Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Streaming Media Devices Market
29. Streaming Media Devices Market Future Outlook and Potential Analysis
30. Appendix
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