Press release
Streaming Media Devices Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Streaming Media Devices Global Market Report 2025
The increase in enthusiasm for video game streaming is a substantial factor propelling the growth of the streaming media devices market. Video game streaming is a dynamic form of video-focused social media that fuses conventional broadcasting with online gaming. Its main attributes involve real-time broadcasting, social interaction, and thrill. Devices for streaming media are utilized to stream live video game content onto TV screens. As an illustration, the Department of Foreign Affairs and Trade, a federal institution in Australia responsible for international policies and associations, reported in 2022 that the digital gaming industry had a global worth of $240 billion in 2020, a figure anticipated to escalate to $294 billion by 2024. Consequently, the surge in the demand for video game streaming is expected to propel the growth of the streaming media devices market.
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What Is the projected market size and growth rate for the streaming media devices market?
In recent times, the market size for streaming media devices has experienced swift expansion. The market, which stood at $16.61 billion in 2024, is projected to increase to $19.29 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.1%. Factors such as the expansion of content streaming platforms, increased high-speed internet connectivity, a shift to digital entertainment from traditional means, affordable and easily accessible devices, and a decrease in cable and satellite tv subscriptions, have all fostered growth in the preceding periods.
The market size for streaming media devices is predicted to experience significant growth in the upcoming years, escalating to "$36.84 billion by 2029 with a compound annual growth rate (CAGR) of 17.6%. The rise in market size throughout the projected period can be credited to several factors including the advent of modern streaming platforms, prioritization of energy efficiency and sustainability, improvements in security and privacy, ongoing development of user interfaces, and worldwide expansion of streaming services. Forecasted trends during this period encompass 4k and ultra HD streaming, voice-controlled operations and virtual assistants, smart TVs equipped with integrated streaming, HDMI 21 and boosted connectivity, AI-propelled content suggestions, as well as augmented security and anti-piracy protocols.
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What new trends are reshaping the streaming media devices market and its opportunities?
The primary trend gaining momentum in the streaming media devices market is product innovation. Major players are introducing new streaming media devices with high-end features and competitive pricing to keep up with increasing competition. For example, in March 2023, Allente, a Swedish Nordic TV distribution firm, collaborated with 3 Screen Solutions GmbH & Co. KG, a Germany-based company specializing in software development and design, and video on demand and SEI Robotics Inc, a China-based smart hardware company, to launch an advanced 4K dongle for over-the-top (OTT) TV. This new service enhances the user experience (UX) of Allente's customers through the proven 3Ready product platform. It comes with a simple and attractive user interface (UI/UX) that integrates smoothly with Allente's super-aggregated pay-TV services on different platforms, including STBs running Android TV and hybrid DVB-S STBs.
What major market segments define the scope and growth of the streaming media devices market?
The streaming media devices market covered in this report 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
Subsegments:
1) By Game Consoles: PlayStation, Xbox, Nintendo Switch, Other Game Consoles
2) By Media Streamers: Streaming Sticks, Set-Top Boxes, Blu-Ray Players, Other Media Streamers
3) By Smart TVs: LED TVs, OLED TVs, QLED TVs, Other Smart TVs
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Which region dominates the streaming media devices market?
North America was the largest region in the streaming media devices market in 2024, and is expected to be the fastest-growing region in the global streaming media devices market during the forecast period. The regions covered in the streaming media devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the streaming media devices industry growth?
Major companies operating in the streaming media devices market include Google LLC, Sony Corporation, Roku Inc., Samsung Electronics Co. Ltd., Apple Inc., Amazon.com Inc., Nvidia Corporation, Huawei Technologies Co. Ltd., HiMedia Technology Limited, ARRIS International Limited, D-Link Corporation, AsusTek Computer Inc., LG Electronics Inc., Microsoft Corporation, Humax Co. Ltd., Xiaomi Corporation, Panasonic Corporation, Toshiba Corporation, Sharp Corporation, Hisense Group Co. Ltd., TCL Technology Group Corporation, Skyworth Digital Holdings Ltd., Changhong Electric Co. Ltd., Sichuan Changhong Electric Co. Ltd., Technicolor SA, Pace plc, Cisco Systems Inc.
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What Is Covered In The Streaming Media Devices Global Market Report?
• Market Size Forecast: Examine the streaming media devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the streaming media devices market for a structured understanding.
• Key Players Overview: Analyze major players in the streaming media devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the streaming media devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the streaming media devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the streaming media devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the streaming media devices market.
• Competitive Landscape: Review strategic developments in the streaming media devices market, including expansions, agreements, and new product launches.
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