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Streaming Media Device Market Analysis 2023 : Market Growth Rate, Competitive Landscape And Top Opportunities | Apple Inc, Philips Electronics, Amazon.com
Streaming Media Device Market Analysis 2023
The Business Research Company's Streaming Media Device Global Market Report 2023 identifies Growing preference for online streaming services as the major driver for the Streaming Media Device market's growth in the forecast period. Online streaming services refer to services that provide entertainment content such as films or music and deliver it straight to users' computers, televisions, and mobile devices via the internet. Streaming media devices link the television or home theatre to the internet allowing users to view the content (video, music, movies, and sports) using a streaming TV service provider or app; thus, the growing preference for online streaming services propels the growth of the streaming media device market.
The global streaming media device market size is expected to grow from $53.39 billion in 2022 to $61.92 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. 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 device market size is expected to reach $114.06 billion in 2027 at a CAGR of 16.5%.
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Major competitors in the Streaming Media Device market are Apple Inc, Philips Electronics, Amazon.com, Google Inc, Microsoft Corporation, Sony Corporation.
Advanced technologies in video platforms are a key trend gaining popularity in the streaming media device market. Companies operating in the streaming media device market are adopting advanced technologies in video platforms to sustain their position in the market. For instance, in February 2023, Xiaomi Corporation, a China-based consumer electronics company, engaged in smartphone and electronic hardware development, launched the TV Stick 4K. TV Stick 4K' is integrated with a voice control feature, enabling users to explore Google Assistant to find content, manage playback, and even operate smart home devices. It also incorporates built-in Chromecast functionality, enabling users to cast content instantly from their smartphone or tablet to their TV. It lets users view several streaming applications and services, such as Netflix, Amazon Prime Video, and Disney+ Hotstar.
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The Streaming Media Device market is segmented -
• By Type: Gaming Console, Media Streamers, Smart TVs
• By Resolution: 720p, 1080p, 4K
• By Application: E-Learning, Web-Browsing, Gaming, Real-Time Entertainment, Social Networking
• By End User: 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 Device market.
The Business Research Company's "Global Streaming Media Device Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Streaming Media Device Market Include:
1. Executive Summary
2. Streaming Media Device Market Characteristics
3. Streaming Media Device Market Trends And Strategies
4. Streaming Media Device Market - Macro Economic Scenario
5. Streaming Media Device Market Size And Growth
……
26. Africa Streaming Media Device Market
27. Streaming Media Device Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Streaming Media Device Market
29. Streaming Media Device Market Future Outlook and Potential Analysis
30. Appendix
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