Streaming Media Devices Surge: Market Size to Reach US$ 60 Billion by 2030, Fueled by Content Explosion and Smart Home Integration, RationalStat Report Reveals

The global streaming media device market is expected to reach US$ 59.9 billion by 2030, with an annual growth rate of more than 11%.

According to RationalStat's recent industry report, the Global Streaming Media Device Market value is estimated at US$ 28.9 billion in 2023 and is expected to rise at a strong CAGR of over 11% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

A streaming media device is a piece of hardware that allows users to stream digital information from the internet, such as video, audio, and sometimes games, to a television or other display screen. These devices link to the internet and provide customers with access to a variety of online streaming services, removing the need for traditional cable or satellite TV subscriptions.

Technology improvements have resulted in the development of more powerful and feature-rich streaming media devices. With enhanced interfaces, faster processors, and greater resolution capabilities, these devices are becoming more user-friendly, enhancing the whole streaming experience.

According to a deep-dive market assessment by RationalStat, the global streaming media device market has been analyzed on the basis of market segments, including type, component, sales channel, price range, application, end use and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global streaming media device market covers market sizes on the basis of market value (US$/EUR Million), volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global streaming media device market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Streaming Media Device Market: Segmental and Market Share Analysis

• On the basis of type, gaming console segment hold the highest market share as it comes with a far more computational power than streaming devices.

• On the basis of end user, commercial segment is expected to exhibit the highest CAGR during the forecast period as live streaming offer businesses an opportunity to interact with potential customers.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 28.9 billion
Market Size Forecast US$ 59.9 billion
Growth Rate 11%
Dominant Segment Gaming Console
Dominant Region North America

Key Market Drivers
• Advancements in technology
• Global internet penetration

Companies Profiled
• Apple Inc.
• HUMAX
• Google LLC
• Nvidia Corporation
• Azulle
• Roku Inc.
• Xiaomi Inc
• TiVo
• Sony Corporation
• Philips Electronics
• SkyStream Technologies
• D-Link Corporation
• LG Electronics
• Microsoft

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global streaming media device market include.

• In January 2020: Amazon Inc. partnered with BMW and Fiat Chrysler Automobiles to deploy Fire TV in their vehicles. The program offers hands-free voice control of Alexa, a touchscreen interface, the option to download content, and the ability to stream it over a vehicle's WiFi or LTE connection.

Some of the prominent players and suppliers operating and contributing significantly to the global streaming media device market growth include Apple Inc., HUMAX, Google LLC, Nvidia Corporation, Azulle, Roku Inc., Xiaomi Inc, TiVo, Sony Corporation, Philips Electronics, SkyStream Technologies, D-Link Corporation, LG Electronics, and Microsoft, among others.

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RationalStat has segmented the global streaming media device market based on type, component, sales channel, price range, application, end use and region
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Type
o Gaming Consoles
o Media Steamers
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Component
o Hardware
o Software
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Sales Channel
o Offline
o Online
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Price Range
o Low
o Medium
o High
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Application
o Audio
o Video
o Others
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by End User
o Commercial
o Residential
• Global Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
o North America Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Streaming Media Device Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Streaming Media Device Report:
• What will be the market value of the global Streaming Media Device market by 2030?
• What is the market size of the global Streaming Media Device market?
• What are the market drivers of the global Streaming Media Device market?
• What are the key trends in the global Streaming Media Device market?
• Which is the leading region in the global Streaming Media Device market?
• What are the major companies operating in the global Streaming Media Device market?
• What are the market shares by key segments in the global Streaming Media Device market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
Content and Press Manager
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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