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Streaming Media Devices Market Rising Trends, Demand Analysis, Business Opportunities, Industry Size And Forecast To 2032
Streaming Media Devices Market Analysis
The Business Research Company's Streaming Media Devices Global Market Report 2023 identifies rise in the popularity of video game streaming as the major driver for the streaming media devices market's growth in the forecast period. 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.
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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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.
A key trend in the streaming media devices market includes product innovation. Major companies operating in the streaming media devices market are focusing on offering new streaming media devices with lesser prices and more features to effectively compete with the growing competition. For instance, in March 2023, Allente, a Sweden-based Nordic TV distribution company, partnered with 3 Screen Solutions GmbH & Co. KG, a Germany-based company that specializes in software development, software development & design, and video on demand and SEI Robotics Inc., a China-based smart hardware company to launched Allente's new 4K dongle for OTT (over-the-top) TV. The new service offers Allente's customers a superior user experience (UX) made possible by the tried-and-true 3Ready product framework. It has an appealing and simple UI/UX that works well with Allente's super-aggregated pay-TV services on other devices, such as STBs running Android TV and hybrid DVB-S STBs.
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The streaming media devices market is segmented -
1) By Device Type: Game Consoles, Media Streamers, Smart TVs
2) By Application: E-Learning, Web-Browsing, Gaming, Real-Time Entertainment, Social Networking
3) 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.
The Business Research Company's "Global Streaming Media Devices 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 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
…….
26. Africa Streaming Media Devices Market
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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