Press release
Streaming Media Devices Market Trends, Outlook, Growth, Forecast 2023-2028
The global streaming media devices market size reached US$ 12.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2028, exhibiting a growth rate (CAGR) of 14.1% during 2023-2028.
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Streaming media devices, integral components in modern digital entertainment, are hardware systems designed to use an internet connection to stream music and video files to a TV or other display devices. These devices include a range of products such as smart TVs, gaming consoles, set-top boxes, and dedicated streaming sticks. Manufactured with advanced technology, streaming media devices support various formats and services, offering users an expansive and diverse entertainment experience. Key advantages of these devices include their ability to provide access to a vast library of on-demand content, high-definition streaming capabilities, user-friendly interfaces, and compatibility with multiple streaming services. They stand out for their convenience, offering personalized and flexible viewing options, thus redefining the consumption of media and entertainment in the digital age.
Market Trends:
The global market is majorly driven by the escalating demand for digital content and the proliferation of high-speed internet connectivity. This growth is further fueled by the ongoing shift from traditional television to internet-based streaming, as consumers seek more varied and on-demand content. Along with this, technological advancements, such as the integration of artificial intelligence and voice recognition in these devices, are enhancing user experience and expanding market appeal. Therefore, this is positively influencing the market.
In addition, the increasing penetration of smart TVs and the growing trend of cord-cutting are also contributing to market expansion. Moreover, strategic collaborations between content providers and device manufacturers are creating a more cohesive ecosystem, further stimulating market growth. Additionally, as streaming services expand globally, there is a rising demand for compatible and advanced streaming devices, creating a positive market outlook.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/streaming-media-devices-market
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
• Google LLC
• Microsoft Corporation
• Sony Corporation
• Roku, Inc.
• Samsung Electronics Co. Ltd.
• AsusTek Computer Inc.
• LG Electronics Inc.
• Apple, Inc.
• Koninklijke Philips N.V.
• Amazon.com, Inc.
• Huawei Technologies Co., Ltd.
• HiMedia Technology Limited
• ARRIS International Limited
• D-Link Corporation.
Key Market Segmentation:
Our report has categorized the market based on region, device type, application and end-use.
Breakup by Device Type:
• Game Consoles
• Media Streamers
• Smart TVs
Breakup by Application:
• Web-Browsing
• Gaming
• Real-Time Entertainment
• Social Networking
• E-Learning
Breakup by End-Use:
• Commercial
• Residential
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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